Category Archives: Bankruptcy

New Jersey Bankruptcy Guide

New Jersey Bankruptcy Guide

The New Jersey Bankruptcy Guide was created by Andrew Carroll, PLLC to guide residents through bankruptcy to a brighter future and obtain maximum compensation for their claim. New Jersey Bankruptcy Guide What is Chapter 7 Bankruptcy? While bankruptcy is a very powerful tool, it should not be used casually. Bankruptcy was designed for financial emergencies. […]

After I file for bankruptcy, will I have the right to own property?

Bankruptcy attorney in New Jersey and South Jersey

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, […]

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 […]

Where to File Bankruptcy in New Jersey By County

New Jersey Chapter 13 Bankruptcy Attorney

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 […]

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 […]

What Benefits Could I Receive From Filing Bankruptcy in New Jersey?

Bankruptcy attorney in New Jersey and South Jersey

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 […]

What is a Bankruptcy Action in New Jersey?

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 […]

Freedom from Your Second Mortgage Under a New Jersey Chapter 13 Bankruptcy

New Jersey Chapter 13 Bankruptcy Attorney

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 […]

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, […]