Posts By: Jeff Jenkins

Can my creditors sue co-signers (like my parents) on credit card debt, a car loan, or student loans?

If you file a Chapter 7 there would be nothing to stop a credit card company from suing your parents as co-signers as they are responsible for the account, just as you are. The bankruptcy would take care of your liability on the debt and would discharge it, but it would not have any impact… Read more »

I owe the DMV: If I file for bankruptcy, can I get my license back?

We received the following question from a user: I owe the Department of Motor Vehicles more than $10,000 in surcharges and, as a result, my license is revoked. If I file a bankruptcy, can I get my license back? Here’s what Jeff Jenkins had to say: Surcharges are presently dischargeable in either a Chapter 7 or a… Read more »

Is there any way to get a creditor to remove the “charge off” from my credit report?

We received the following question from a user: I received an offer from a creditor, the settlement amount is 40% of the total owed. Is there any way to get the creditor to remove the “charge off” (from my credit report) that they have already done on my account and replace it with “settlement/balance resolved/delinquent?… Read more »

New Jersey Bankruptcy in 2015: Everything You Need to Know

Filing a bankruptcy is a big decision and it can be a little overwhelming. We’ve put together this list of all the important things you need to know so that you can make your decision with all the facts in 2015. Types of Bankruptcy There are two main types of consumer bankruptcy: Chapter 7 and… Read more »

Can I Discharge A Loan I Used To Start A Business In New Jersey?

At the end of the bankruptcy process, the debtor receives a discharge of her unsecured debts. This prohibits creditors from ever trying to enforce their claims against the debtor. Certain debts are not discharged, such as student loans, some taxes, child support, and others, but most debts are wiped out. What about a loan used… Read more »