Category Archives: Chapter 7

Utility bills in bankruptcy

So you got behind on your utility bills and you are going to file for bankruptcy? The past-due debt to the utility company just gets discharged in your Chapter 7 and there's nothing more to worry about, right? Well...not necessarily. You might have to worry a ...

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Using credit reports in bankruptcy

If you are considering a bankruptcy filing but you are concerned because you don't remember which credit card companies you owe and/or exactly how much you owe them all, what do you do? First, don't worry. Remember - most, if not all, of your debts are on ...

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Variable income and the Chapter 7 means test

How those with variable income can pass the Chapter 7 means test.

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Got real estate? Tell your bankruptcy attorney ASAP.

The first step to take when you are contemplating bankruptcy and you own some real estate.

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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 ...

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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.

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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 ...

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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 ...

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Do I have to go to court when I file for bankruptcy?

Most bankruptcy filers do not have to go to court. Instead, every Chapter 7 case will be scheduled for a meeting of creditors, which does not take place in a courthouse. In Newark, New Jersey, the meetings of creditors take place in a downtown office building. Most large creditors (such as credit card companies) ...

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How to choose which debts to list in your bankruptcy papers

Image by mollyjolly via FlickrWhich debts should you put in the bankruptcy and which ones should you leave out? Answer: You are required to list all ...

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