by Jenkins & Clayman | Jul 5, 2019 | Chapter 13 Bankruptcy in NJ, Chapter 7 Bankruptcy
If you have a house that is worth less than what you owe to the mortgage company, you could certainly surrender the property as part of a bankruptcy proceeding whether it is a Chapter 7 or a Chapter 13. If you did this, you would be absolved of any personal liability... 
by Jenkins & Clayman | Jul 5, 2019 | Chapter 13 Bankruptcy in NJ, Chapter 7 Bankruptcy
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... 
by Jenkins & Clayman | Jun 14, 2019 | Chapter 13 Bankruptcy in NJ, Chapter 7 Bankruptcy, User Questions
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... 
by Jenkins & Clayman | Jun 14, 2019 | Chapter 13 Bankruptcy in NJ, User Questions
We received the following question from a user: I recently filed a Chapter 13, unfortunately I am not sure if my attorney did what he was supposed to do. In any event, my mortgage company has started to foreclose on my property. My question is, am I able to file for... by Jenkins & Clayman | Jan 6, 2015 | Chapter 13 Bankruptcy in NJ, Chapter 7 Bankruptcy, Collection Lawsuits, Credit Card Debt, Foreclosure, New Jersey Law, Student Loan Debt
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... by Jenkins & Clayman | Nov 10, 2014 | Chapter 13 Bankruptcy in NJ, Chapter 7 Bankruptcy, Small Business
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...