Do You Make Too Much Money to File Chapter 7 Bankruptcy in New Jersey?
What the 2026 Means Test Really Looks At You may be working, earning a regular income, and still feel like you are falling behind every month. Credit card balances may be growing. Personal loans may be taking up too much of your paycheck. Medical bills, collection letters, and past-due notices may be piling up faster […]
Will You Lose Your Car If You File for Bankruptcy in New Jersey? What You Need to Know Before You File
If you are thinking about filing for bankruptcy in New Jersey, one of the first questions on your mind may be simple and urgent: Will I lose my car? For many people, that fear alone is enough to keep them from reaching out for help. I understand why. Your car is not just property. It […]
What Happens with My Tax Refund If I File for Personal Bankruptcy?
As a follow-up to last week’s blog on “Bankruptcy & Taxes” we wanted to answer a common question that we receive very often : “What Happens with My Tax Refund If I File for Personal Bankruptcy?” In order to answer this question we first need to explain the differences between the different types of bankruptcy. […]
Bankruptcy & Taxes
Filing for bankruptcy can be a daunting and overwhelming process, especially when it comes to dealing with your taxes. If you are considering filing for bankruptcy or are already in the process, it is important to understand how bankruptcy can impact your taxes. Bankruptcy and Taxes When you file for bankruptcy, your assets and liabilities […]
10 Common Bankruptcy Myths Debunked: What You Need to Know
Consumer Bankruptcy is a legal process that can provide individuals with a fresh financial start when overwhelmed by debt. However, there are many myths and misconceptions surrounding bankruptcy that often prevent people from considering it as a viable option for resolving their financial troubles. In this blog, we aim to debunk 10 common bankruptcy myths […]
Understanding Bankruptcy: Chapter 7 vs. Chapter 13
Law Office of Joel R. Spivack Bankruptcy can be a complex but viable solution for individuals overwhelmed by debt. In New Jersey and Pennsylvania, understanding the differences between Chapter 7 and Chapter 13 bankruptcy is crucial to making an informed decision about which path to take. Types of Debts in New Jersey & Pennsylvania Debts […]
Top 10 Benefits of Consumer Bankruptcy
Top 10 Benefits of Filing Consumer Bankruptcy Bankruptcy, often viewed as a last resort for consumers, can actually be a powerful tool for individuals overwhelmed by financial challenges. As a bankruptcy attorney, I’ve witnessed firsthand how the structured avenues of Chapter 7 and Chapter 13 bankruptcy can provide not just legal solutions, but also much-needed […]
Getting a Mortgage After Bankruptcy: The Letter That May Make the Difference
Since filing for bankruptcy protection may shave more than 200 points off your credit score (more if your house was foreclosed on!), it stands to reason that you may not be the picture of a good risk when applying for a mortgage. However, that doesn’t mean you can’t get a loan approved; a good letter […]
How to Choose the Right Bankruptcy for Your Specific Situation in NJ
One of the largest differences between Chapter 7 and Chapter 13 bankruptcy is that, with Chapter 7, most of your debts are discharged. Under Chapter 13, you get to live in the same way you’ve become accustomed to (for example, keeping your house and vehicles) and you pay back your debt over a longer period […]
5 Reasons Your Chapter 7 Bankruptcy Case in New Jersey Could Be Denied
The rejection or denial of a Chapter 7 bankruptcy case is very unusual, but there are reasons why a Chapter 7 bankruptcy case can be denied. Many denials are due to a lack of attention to detail on the part of the attorney, errors made on petitions or fraud itself. The attorney has to be […]