Posts Categorized: Chapter 13 Bankruptcy in NJ

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 »

Surviving Casino Closures: Unemployment in Atlantic City

The famous Atlantic City casinos are closing, which means thousands of Atlantic City residents are finding themselves unexpectedly unemployed. The casinos have been struggling for years, but stiff competition from Las Vegas and casinos in surrounding states have simply overwhelmed the boardwalk. Four casinos have closed already in 2014. As of September 2014, Atlantic City… Read more »

Collection Lawsuits in New Jersey

You’ve missed a few payments on a debt and you’ve gotten notice that you’re in default. Now you’re worried about a lawsuit. How does a debt collection lawsuit work in New Jersey? Receipt of Notice You’ll know your creditor has filed a lawsuit against you when you receive a summons and a complaint. The complaint… Read more »

Chapter 13 Bankruptcy and a Second Home

Keeping Investment Property in Chapter 13 Bankruptcy In re Amos – NJ: In re Amos, 452 B.R.  886 (D.N.J. 2011), a bankruptcy case out of New Jersey, teaches us some important lessons. When you file for chapter 13 bankruptcy, keep in mind that your second home is not considered a reasonable expense. A New Jersey Family… Read more »

Creditors Must Respect Your Bankruptcy Case

A creditor who disposes of your property after receiving notice that you have filed for bankruptcy has violated the automatic stay and you are entitled to damages The automatic stay is a core precept of bankruptcy. It prevents creditors from pursuing action against the debtor while bankruptcy is in process. The Bankruptcy Court stands between… Read more »