Personal Bankruptcy

People in New Jersey who are suffering from a high level of debt may not know that there are several different Chapters of the Bankruptcy Code. In fact, there are two that are commonly used when people in our state file for a personal bankruptcy: Chapters 7 and 13....

The bankruptcy filing of a couple from another state may be of interest to our readers in New Jersey. The couple is well known in their community because they are the Principal and CFO of a growing charter school there. The personal bankruptcy came, at least in part,...

There are many reasons that people in New Jersey decide that they need to file for a bankruptcy. These include the high debts that some have accumulated over the past few years during the recession. When the amount that is owed is more than a person can repay, they...

The decision to file for a bankruptcy is sometimes a difficult one for some people in New Jersey. However, many find that they are unable to repay the debts that they have accumulated. This has been especially true during the recent recession, as many individuals lost...

For some people in New Jersey, making the decision to file for bankruptcy is a stressful event. In many cases, folks in our state have spent months or even years working to repay the debts that they have accumulated. However, sometimes the best choice for an...

The results of a new study show whether or not an apology matters when it is included with a bankruptcy filing in New Jersey or elsewhere. The study looked at several personal bankruptcy filings that differed only in the inclusion of an apology. The outcome of each...

Seeking to end financial stress when amounts of debt become overwhelming is a good decision for many people in New Jersey and elsewhere, as one recent report has appropriately noted. In fact, it is said that filing for a personal bankruptcy can result in emotional as...

The good news for readers in New Jersey is that the number of bankruptcies in our state and across the nation has dropped for the past two consecutive years. In fact, a recent report indicates that the national level of personal bankruptcy filings fell by 14 percent...

Like many businesses in New Jersey, for several years a tutoring business was successful for a man in another state. However, after competition began to eat away at the market share of the business, the owner found that he was no longer able to make ends meet. This...

Many readers in New Jersey know that when they file for personal bankruptcy, control of their assets goes to the trustee assigned to their case by the court. The trustee, in some cases, can sell assets in a personal bankruptcy to gain money to repay creditors....