Are Annuities Exempt in Bankruptcy?

When it comes to bankruptcy, it’s important to know what properties, debt, or other money can be deemed exempt. This is especially valid because property exemptions can vary from state to state, and even those can vary from federal property exemptions. The same holds true for annuities, which usually come in the form of an […]

What Happens to My Business if I File for Personal Bankruptcy?

Despite having a negative stigma, bankruptcy is often a great way to get a fresh financial start. In fact, one of the main purposes of bankruptcy is to help those who need it most by wiping the slate clean (or close to it). Filing for bankruptcy could be a great way to handle the extensive […]

Filing an Emergency Bankruptcy in New Jersey

Filing for bankruptcy is typically a process that should not be rushed. The bankruptcy process is complex, and the law requires you to completely, accurately, and truthfully disclose all debts, assets, income, expenses, and other financial information. Missing a deadline or making a mistake out of haste could create difficulty later on in your filing. […]

5 Steps to Take Before Filing for Bankruptcy

Bankruptcy is often associated with hitting rock bottom, and this negative stigma leads many people to shy away from filing. But the truth is bankruptcy is a great option available if you’re in a difficult financial situation. Bankruptcy can give you a financial reset and the ability to live the life you always wanted. If […]

Is Information From A Bankruptcy Public?

Privacy has been, and most likely always will be, desirable in many aspects of your life. It becomes especially desirable in times of struggle and can play a big part in the decisions you make to help yourself. When it comes to bankruptcy, many worry about how public the information is going to be. Is […]

What Is the Means Test in Bankruptcy?

In 2005, the United States enacted the Bankruptcy Reform Act. Under the new guidelines, the courts are able to make a determination about whether or not you would be able to afford payments under a reorganization of your debt – in accordance with a Chapter 13 filing. One of the largest differences between Chapter 7 […]

Bankruptcy And Unpaid Traffic Citations In New Jersey

Being in a tight financial bind with a bankruptcy on your mind is tough. You might be thinking, “How can this get any worse?” Then you get hit with a traffic citation that you can’t pay, which adds insult to injury. Perhaps you already had traffic citations piling up because you were unable to pay […]

Senior Citizens and Bankruptcy in NJ

More elderly Americans are looking to bankruptcy for relief, especially because of the rising costs of healthcare. Despite there being advantages for senior citizens over other debtors, that does not necessarily mean that bankruptcy is the right choice. The degree to which bankruptcy can help a person varies on a case-by-case basis. You might stand […]

5 Bankruptcy Myths Debunked

In the world of finance, “bankruptcy” is the big bad “B” word that most people try their hardest to avoid. The word carries a social stigma, as though it’s the last resort before going completely broke. Ironically, bankruptcy is a financial strategy. In some cases, it can be a person’s best option. How did bankruptcy […]

Disadvantages Of Filing For Bankruptcy Without An Attorney

If you’re filing for bankruptcy, then you’re probably dealing with some financial struggles. At this point, it might seem counter-intuitive to pay for an attorney when you’re already pinching pennies. Under the laws of bankruptcy, you’re not actually required to use an attorney to file for bankruptcy. You have the ability to represent yourself in […]

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