When financial headwinds become too heavy, bankruptcy is often the logical solution. Filing can help you retake control and get back on your feet. Despite this, going bankrupt is bound to harm your credit. Such an event will exist on your report for up to a decade....
Sometimes fathers get the short end of the stick when it comes to child custody. However, modern courts aim for a more balanced approach to parenting time. According to the New Jersey Courts, it is state policy to maintain frequent visitation and contact between...
If you believe Chapter 7 bankruptcy is a viable option for you, you might wonder if you can keep your house. Not everyone who files for Chapter 7 holds on to their mortgage. However, it is possible to own your home after the process, depending on your situation....
When parents divorce, the court tries to determine a fair child support amount based on the needs of the children and the resources of each spouse. In addition to the income of each parent, a judge may consider a child’s health care expenses, educational needs and the...
When you file for bankruptcy, state law has established property exemptions that determine the value of assets you can keep. New Jersey allows bankruptcy filers to choose either state or federal exemptions, but they cannot mix and match between the two lists. If you...
Marital property in New Jersey includes all assets acquired during the marriage, including a business. Even if your company existed before you met your spouse, he or she could receive a portion of the value increase. Take these steps if you plan to separate from your...
Divorcing is not always easy, but it does give you a chance to take a good, hard look at your life and make any changes you deem necessary. For many New Jersey residents who were once married, learning to get by on one income, as opposed to two, takes some adjustment....
When you consider filing for bankruptcy, you may become familiar with the terms “Chapter 7” and Chapter 13.” However, you may not understand the nuances that exist between the two types. Both are methods of filing for personal bankruptcy. Yet, there are some important...
Whether you are struggling to pay your monthly bills or simply want to better manage your debt, you should know your debt-to-income ratio. Not only does this percentage tell you how much debt you have relative to your income, but it plays an oversized role in your...
The end of a marriage through divorce can be both traumatic and rewarding. Individuals may choose to end their relationships with their spouses when they no longer function together as a cohesive unit and may mourn the loss of their future together. However, after a...
