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Channel: Bankruptcy Law – Common Legal Questions
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What is Chapter 11 Bankruptcy

Each state has its own way of handling bankruptcies and has their own provisions. This is why it is important to visit with a local legal professional who can help you come to an understanding of the...

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What is Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy A Chapter 13 bankruptcy will include a 3 to 5 year repayment plan which will allow a debtor to repay creditors by paying off total amounts or partial amounts of the debts. A...

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Benefits of a Chapter 7 Bankruptcy

Chapter 7: Bad or Good When you talk to a bankruptcy attorney in NJ he will explain how filing a Chapter 7 bankruptcy is a process of federal law that allows for individuals or businesses to make a...

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Benefits of a Chapter 11 Bankruptcy

Benefits of a Chapter 11 A Chapter 11 bankruptcy is sometimes called a “business bankruptcy” even though it can also be a good choice for an individual. A Chapter 11 allows a business or debtor to...

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Benefits of a Chapter 13 Bankruptcy

Benefits of a Chapter 13 When an individual schedules an appointment to talk with a bankruptcy attorney in NJ they may be given several options including filing either a Chapter 7 or a Chapter 13...

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Best Way to Handle Divorce and Bankruptcy

When faced with the grim possibility of divorce, it’s important to know the full extent of the legalities before filing the paperwork.  The termination of a marriage is often met with grief or anger,...

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Chapter 7 or Chapter 13, Which One is Right for You?

No one ever wants to file for bankruptcy, but there are times when such a filing is unavoidable. If you’ve run into trouble with credit card debt, cannot meet your mortgage payments or have crippling...

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Coronavirus Layoffs and Bankruptcy – What to Do

To say that the novel coronavirus has thrown our lives into disarray and made us uneasy about our futures would be an understatement. In the past few months countless industries from hospitality and...

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The Legal Profession Returns to Work in the Time of Covid-19

Since the coronavirus has turned our whole world upside down in the last few months, many industries are now struggling with how to return to work as the country reopens. The legal profession is no...

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Why Coronavirus May Raise the Divorce Rate

With nearly all of the U.S. population forced to quarantine at some point during the past few months due to the coronavirus pandemic, many marriages are beginning to show signs of wear and tear that...

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