Entries by Andrew Carroll

Should I file a Chapter 13 Bankruptcy?

Should I File a Chapter 13 Bankruptcy in New Jersey? A Chapter 13 action involves the filing of a comprehensive plan where you detail how you will satisfy at least some of your debts over a period of 36 to 60 months (3-5 years).  This may allow you to keep your home and car if […]

Filing for Chapter 7 Bankruptcy in New Jersey

Filing for Chapter 7 Bankruptcy in New Jersey When is a Chapter 7 the right choice for me? Chapter 7 Bankruptcy filings, known as straight bankruptcy, may be the right option if you meet the income requirements.  This action basically wipes the slate clean, discharging most debts. In exchange for this fresh start, you give […]

Does My Spouse Have to File for Bankruptcy if I File for Bankruptcy in New Jersey?

Does My Spouse Have to File for Bankruptcy if I File for Bankruptcy in New Jersey? You may file for bankruptcy without your spouse.  However, you should remember that your spouse’s salary and wages will be included in determining your income and your spouse will remain liable for any debts that are owed by the […]

The Top Four New Jersey Chapter 7 Bankruptcy Myths Dispelled

The term bankruptcy tends to evoke much opinion and emotion. Many Americans hold a bleak image of bankruptcy and those who declare it. For most, their belief in bankruptcy is clouded by numerous misconceptions concerning both the process and those who utilize it. We have all likely heard some of the following “facts” about bankruptcy, […]