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...
Child custody is always based on what is in the best interests of the child but it can be useful for parents concerned about child custody to take a closer look at the different child custody options available. Child custody and what is best can look different for...
Bankruptcy and Your Pet West Caldwell is a canine’s paradise. After all, the area has trails, parks and other places that are perfect for pooches. If you have a dog, you also likely have a better quality of life. In fact, according to psychologists, spending time with...
When you file bankruptcy, the court requires that you list all of your liabilities and assets. In Chapter 7 bankruptcy, the court may seize your assets, sell them and use the profits to repay your creditors. While this may seem like the court will take everything you...
When parents who live in New Jersey divorce or have not married, the state's Child Support Enforcement Agency may order one parent to pay child support. The law requires both parents to financially provide for the child until he or she is an adult. Either parent can...
