Category Archives: Chapter 7

Bankruptcy filing fees will increase Nov. 1, 2011

Anyone considering filing bankruptcy should be aware that court filing fees are increasing on Nov. 1, 2011.  While it is not a large fee increase for filing a Chapter 7 or a 13, it is notable for being the first increase in a long time.  A disclosure form containing general information about the different chapters [...]

How to file bankruptcy and keep your assets

Bankruptcy helps both sides of your balance sheet.

Stopping the foreclosure of your home through bankruptcy

Both Chapter 7 and Chapter 13 can help you save your home. Which one is better for YOU?

Do you have $50,000 to throw away?

Well, do you? You may have already thrown it away, without even thinking of it that way. The money I’m referring to here would be what you have (or had) socked away in your IRA or 401(k) account. You might be thinking about cashing out that account in order to pay your [...]

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 bit more about your utilities, especially if you [...]

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 file somewhere – in your consumer credit reports. [...]

Variable income and the Chapter 7 means test

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

Got real estate? Tell your bankruptcy attorney ASAP.

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

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.