In the United States, cryptocurrency is treated differently in bankruptcy cases, depending on various factors, including the type of bankruptcy being filed (e.g., Chapter 7, Chapter 13) and the specific circumstances of the case. One of the critical questions is...
When your New Jersey finances start spiraling out of control due to medical debt, high-interest rates or other factors, you may feel overwhelmed. You may, too, be searching for a way to regain control over this area of your life and thinking about whether filing for...
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 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...
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...
If you have fallen behind on your mortgage payment or car note and are struggling to catch up, bankruptcy might be a viable solution for your circumstances. You might find yourself wondering if it can stop lenders from foreclosing on your home or repossessing your...
When New Jersey residents are in financial distress, they might begin to think that bankruptcy would be a viable way to deal with the overwhelming amount of debt they incurred for whatever reason. Unfortunately, there are so many myths surrounding Chapter 7 bankruptcy...
Once a New Jersey resident has decided to file for bankruptcy, it will be helpful to understand how the process works. A Chapter 7 is a liquidation, which means that the trustee could sell any non-exempt assets in order to pay creditors. In many cases, all of a...
On the one hand, the U.S. Bankruptcy Code allows filers to convert their bankruptcies from Chapter 7 to Chapter 13. On the other hand, what New Jersey residents might not know is that such a conversion is only permitted if the provisions of another section of the code...
Some New Jersey businesses are run by one individual doing business as the company. When the company is in financial trouble, the individual is often found liable for the company's debts. Many of these small business owners will file for Chapter 7 bankruptcy in an...
