A Maryland Democrat wants to turn back the clock to the disco days of the mid-1970s, at least as far as student loans are concerned. Last month, Maryland Democrat John Delaney introduced House Resolution 449, which would remove paragraph 8 from … [Read more...]
Of Chapter 7 And Security Clearances
Workers at Fort Dix, Fort Monmouth, the FBI in Newark, and other employers in The Garden State sometimes hesitate to file Chapter 7 Bankruptcy because they’re afraid of losing their security clearances. While bankruptcy debtors may face some … [Read more...]
Exceptions to the Automatic Stay
Exceptions to the Automatic Stay under the Bankruptcy Laws When you file for protection under Chapter 7 or Chapter 13, the automatic stay under the Bankruptcy Code immediately goes into effect, prohibiting your creditors from calling, writing or … [Read more...]
‘Real Housewife’ Changes Addresses
Erstwhile reality TV star Teresa Giudice surrendered to federal authorities in Connecticut to begin her 15-month prison sentence for bankruptcy fraud. After she completes her term, her husband, Giuseppe Giudice, will begin serving a 41-month … [Read more...]
When Do I Start Receiving Bankruptcy Benefits?
In some ways, your financial fresh start occurs the moment you file for bankruptcy, as your creditors are immediately prevented from taking actions against you or your property to collect their debts. The debts are then officially wiped out when you … [Read more...]
The Means Test
The Means Test in Bankruptcy Before 2005, persons seeking to file bankruptcy could generally choose between a Chapter 7 liquidation proceeding and a Chapter 13 reorganization. However, as a part of the revisions to the federal Bankruptcy Code in … [Read more...]
Filing Bankruptcy for the Second Time
Can You File for Bankruptcy More than Once? You may have filed personal bankruptcy with the best of intentions, hoping to put your financial challenges behind you. Circumstances can change that, though—you may experience injury or illness without … [Read more...]
Life After Bankruptcy
An attorney can help you do so much more than just file paperwork. One of the many advantages of partnering with an experienced bankruptcy attorney is that a lawyer can help you develop an exit strategy and goals for your financial future. A … [Read more...]
What Property Can I Keep In A Chapter 7?
New Jersey is one of 19 states which allow Chapter 7 debtors to choose between federal and state exemptions. If property is exempt, you get to keep it in a bankruptcy. What are some of the differences between state and federal bankruptcy exemptions … [Read more...]
The Automatic Stay in Bankruptcy
The Benefit of the Automatic Stay in Bankruptcy The federal bankruptcy laws were enacted to give individuals and business owners a way to get a fresh financial start. But Congress also recognized the need to provide relief from aggressive collection … [Read more...]