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 […]
Author Archives: Andrew Carroll
Bankruptcy, Chapter 13, Chapter 7 Business, Chapter 7 Personal
After I file for bankruptcy, will I have the right to own property?
29
Jan
Jan
After I File for Bankruptcy in New Jersey, Will I Have the Right to Own Property? In addition to the property that is exempt under New Jersey law, you will be able to come into possession of property after the filing. However, if you receive income or property in the form of a life insurance payment, inheritance, […]
24
Jan
Jan
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 […]
Bankruptcy, Chapter 13, Chapter 7 Business, Chapter 7 Personal
Where to File Bankruptcy in New Jersey By County
24
Jan
Jan
U.S. Bankruptcy Court – District of New Jersey WHERE TO FILE – BY COUNTY As your bankruptcy lawyer, I will handle all of the aspects of your bankruptcy filing in New Jersey so that you can move on and get back to your normal daily activities. As my client, you can leave all of the […]
Bankruptcy, Chapter 13, Chapter 7 Business, Chapter 7 Personal
Does My Spouse Have to File for Bankruptcy if I File for Bankruptcy in New Jersey?
23
Jan
Jan
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 […]
Chapter 13, Chapter 7 Business, Chapter 7 Personal
How Often Can I File a bankruptcy action in New Jersey?
19
Jan
Jan
How Often Can I File a Bankruptcy Action in New Jersey? You can file a Chapter 7 Bankrupty eight years after the filing of a previous Chapter 7 filing date and six years after the filing of a previous Chapter 13 action. A Chapter 13 bankruptcy cannot be filed within two years of a previous […]
Bankruptcy, Chapter 13, Chapter 7 Personal
What Benefits Could I Receive From Filing Bankruptcy in New Jersey?
11
Jan
Jan
What Are the Benefits of Filing for Bankruptcy in New Jersey? The first thing that filing a bankruptcy action does is impose an automatic stay, which means that all creditors must stop all collection efforts, including a mortgage lender who may be trying to foreclose on your home. In addition, bankruptcy can: Discharge most, if […]
Bankruptcy, Chapter 13, Chapter 7, Chapter 7 Business, Chapter 7 Personal
What is a Bankruptcy Action in New Jersey?
06
Jan
Jan
What is a Bankruptcy Action? Bankruptcy is a legal action where a person who has incurred debts in an amount that he cannot pay, whether that is from the total accrual of debts during the course of every day events or the happening of an unexpected occurrence, can reorganize the debt or have it discharged […]
21
Dec
Dec
Can You File a Chapter 13 Bankruptcy on a Second Mortgage But Keep the House in New Jersey? by New Jersey Chapter 13 Lawyer Andrew M. Carroll In the aftermath of the real estate crisis, many Americans have found themselves underwater in their mortgages. In fact, a recent study revealed that a shocking 6.4 million […]
Bankruptcy, Chapter 7, Chapter 7 Business, Chapter 7 Personal
The Top Four New Jersey Chapter 7 Bankruptcy Myths Dispelled
21
Dec
Dec
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, […]
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