A handy list of things you will need to start your bankruptcy case in New Jersey.
A handy list of things you will need to start your bankruptcy case in New Jersey.
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 [...]
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 [...]
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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Which debts should you put in the bankruptcy and which ones should you leave out?
Answer: You are required to list all of your debts in your bankruptcy papers! It is a common notion that you are allowed to keep some debts out of your bankruptcy by not listing them [...]
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What is an abusive bankruptcy filing? When does a bankruptcy court consider a debtor’s Chapter 7 filing to be an abuse of the bankruptcy process?
A bankruptcy court will look at whether the person filing the bankruptcy acted in bad faith and at the entire circumstances surrounding the debtor’s financial situation.
A [...]
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How do I work with clients on consumer bankruptcy cases? I like to take a personalized approach. It depends on the client. Some people like to meet more often with their bankruptcy attorneys than others. I do my best to accommodate this.
But others just don’t have the time for [...]
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The whole issue of whether you should repay someone to whom you owe money before you actually file for Chapter 7 bankruptcy is more complex than it looks at first glance. I introduced the issue in a previous post about repaying debts before bankruptcy, but there is a lot of detail here [...]
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The picture over there on the right? Those are test tubes. I couldn’t resist – you’ll get it in a minute. Read on.
On November 1, 2009, the Census Bureau median family income for a one-person household in New Jersey goes up from $57,120 to $60,026. What does this mean [...]
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After you file for Chapter 7 bankruptcy, if everything goes right, you should end up at a 341 meeting of creditors. Named after section 341 of the Bankruptcy Code, this is a meeting at which the trustee assigned to your case, you, your lawyer, and any creditors who choose [...]
