You should always list potential claims, or potential lawsuits, that you have against someone else along with all of your other assets, because the law considers them to be assets and if you don’t list them, you could lose them forever.
New Jersey bankruptcy lawyer Jennifer Weil represents Chapter 7 bankruptcy clients living in northern New Jersey counties, including Hudson County, Essex County, Bergen County, Passaic County, Union County, Morris County, and Sussex County.
Author Archives: jweil
Got real estate? Tell your bankruptcy attorney ASAP.
The first step to take when you are contemplating bankruptcy and you own some real estate.
Credit scores: Not all that and a bag of chips
Without a doubt, one of the most frequent questions I get is about credit scores. The question is always some version of: Will a bankruptcy ruin my credit score forever?
Americans have an unhealthy obsession with bad credit, as though a credit score were an indicator of self worth. This obsession is unnecessary. [...]
Will I be able to keep anything when I file for bankruptcy?
Can you keep your property through a Chapter 7 bankruptcy? The short answer to this question is: Maybe. It depends on your situation.
This is what something called “exemptions” are for. The way I explain it to clients is this: When you file for bankruptcy, something called the “bankruptcy estate” is [...]
Fourteen things you can do to kick-start the New Jersey bankruptcy process
A handy list of things you will need to start your bankruptcy case in New Jersey.
How long does a bankruptcy stay on your credit report?
Bankruptcy filers who would like to rebuild their credit are justifiably concerned about how long a bankruptcy can appear on their credit report.
The answer is that bankruptcy information can stay on your report for 10 years. Most other types of negative information can be reported for 7 years.
Usually, a Chapter 7 stays on a [...]
How much do I need to owe to file for bankruptcy?
Many people who call are concerned about their eligibility for a Chapter 7 bankruptcy and wonder if their level of debt will allow them to file for bankruptcy.
The answer is that there is no minimum debt amount required to file a Chapter 7 bankruptcy. A more important issue is whether you earn enough income [...]
How long does bankruptcy take?
Once a Chapter 7 bankruptcy is filed, it takes a day or two to receive notice of the date and time for the meeting of creditors, which is generally scheduled two to three weeks away from the filing date.
Once the meeting of creditors takes place and assuming there are no complicating factors in your Chapter [...]
3 mistakes to avoid when paying credit card debt
You will see all sorts of advice about “managing debt.” But when it comes to credit card debt, mere “management” can get you into trouble.
Truth is, the best way to “manage” credit cards is not to carry a balance at all. Don’t spend more than you can afford. Pay off the entire [...]
Bank of America drops arbitrations for cardholders
Bank of America recently agreed to drop the requirement that cardholders resolve disputes in arbitration. The bank did this as part of a settlement of a lawsuit in which they were accused of conspiring with other banks to require credit-card holders to arbitrate disputes instead of going to court.
Other banks are still involved in [...]
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Call this number to speak with Jennifer Weil, a bankruptcy lawyer in Hoboken, New Jersey.
