Personal Bankruptcy

When an individual files for bankruptcy protection, a number of events are put into motion. A successful personal bankruptcy process requires a comprehensive accounting of one's income, assets, and liabilities. For those in New Jersey and elsewhere who are considered...

Readers in New Jersey likely are aware that there are few restrictions on who can run for political office. In another state recently, two convicted felons and two people who declared personal bankruptcy were elected to a city council. Each of those elected will...

As the recession slowly comes to an end, many in New Jersey have found that they still owe more on their home mortgages than what the house is worth. In some areas, this is because of overbuilding, a recent report asserts. For others it may be due to unfavorable...

New Jersey readers may be interested to learn about the bankruptcy case of a man and his wife in another state. The initial petition for bankruptcy was filed back in 2009, and is still ongoing due to the fact it is more complicated than the average bankruptcy filing....

Many people in New Jersey seek to file a personal bankruptcy when they find that they are unable to repay the debts that they owe. For most, the good news is that at the end of the process they are free from most of their debts. In fact, this freedom is one of the...

Finding your way in the financial world after a bankruptcy is a concern for some people in New Jersey. Those who have suffered job loss, divorce or unexpected medical costs may have found that they spent their savings and are concerned that if they seek a personal...

Readers in New Jersey know well that financial difficulties can come to people regardless of their career aspirations or social status. That is why they may find the recent personal bankruptcy of a woman seeking political office in another state interesting. The woman...

The good news for readers in New Jersey and elsewhere is that the amount that most families owe in overall debt has fallen in recent years. The height of credit card debt came in 2008 when American owed some $1 trillion. However, the number of people who have found...

Of the many reasons that people in New Jersey decide to file for a personal bankruptcy, one of the best is to repair their finances. In fact, by seeking a Chapter 7 bankruptcy, many find that they are able to rebuild fallen credit ratings and restart businesses. This...

Readers in New Jersey have likely heard of the recent filing of a bankruptcy by a major city in our nation. What they may not have considered is that there are many similarities between that filing and those of individuals in our state filing a personal bankruptcy. In...