There are plenty of reasons why people decide against going into bankruptcy. They may feel that they don’t want to face the stigma of having a bankruptcy on their record, or they may want to try to repay as much as they can on their own, even as doing so harms their...
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Should you consider a deed in lieu of foreclosure?
Certain homeowners in New Jersey face difficulties making their mortgage payments. If you're in this situation, it can sometimes feel hopeless to fix things. However, one way you can potentially solve this situation is through a deed in lieu of foreclosure. Here's...
You shouldn’t file for bankruptcy without telling your spouse
Although you can file for bankruptcy without notifying your spouse, it is generally not a good idea to do so. This is especially true if you're seeking to eliminate joint debts such as a second mortgage on your New Jersey home. In such a scenario, your spouse may...
Auto lease options with Chapter 13 bankruptcy
New Jersey residents who file Chapter 13 bankruptcy must choose one of the two options available to them if they are leasing a car at the time of the filing. Debtors can either continue making payments on the lease or take the vehicle back to the dealer. Before making...
Addressing common misconceptions about filing for bankruptcy
New Jersey residents who are facing financial challenges might consider bankruptcy but are dissuaded by misconceptions about it. Dismissing bankruptcy out of hand before gathering accurate information is often a mistake. Learning the facts is essential to knowing...
Handling Chapter 13 bankruptcy in New Jersey
There is no word in the world of financial information that carries with it a more negative connotation than “bankruptcy.” Most people consider it the end of a disastrous road that has ended in financial ruin. However, there is no shame in having file bankruptcy. No...
