Chapter 13 Bankruptcy

Most people see money as the thing that makes the world go round. We can’t seem to survive without it. Money offers us the ability to buy things we want and need in life. But sometimes our eyes seem to be bigger than our pockets, and we find ourselves in a position where our debts are too large for … [Read more...] about What You Need to Know about Filing for Chapter 13 Bankruptcy

NJ. Attorney Explains What Happens To An Asset That Is Received During A Chapter 13 Case. This issue deals with unexempt New Jersey bankruptcy assets. The determination as to whether an asset is exempt is always analyzed prior to a chapter 13 filing, with the assets the debtor owns at such time.  A … [Read more...] about Can I Keep Property Or An Asset I Receive During A New Jersey Chapter 13?

Attorney, Robert Manchel, explains the consequences of owning valuable property and the whether a chapter 13 trustee would sell property. A chapter 13 case is different than a chapter 7, in that a New Jersey chapter 7 trustee would sell a debtor's personal property or real estate that is not fully … [Read more...] about Would A NJ.Chapter 13 Trustee Sell My Property?

Bankruptcy Attorney Details What Payments Should Be Made And When Payments Should Be Made In A NJ. Chapter 13 Case. Based on the fact that each debtor’s circumstances are different, please note that the following information is based on my opinions of the “typical” debtor’s circumstances regarding … [Read more...] about What Payments Must Be Made In A New Jersey Chapter 13 Case?

New Jersey Lawyer Explains How To Keep A Motorcycle In A Chapter 13 If a New Jersey bankruptcy debtor is not discharging or eliminating any of his debt and has sufficient disposable income to pay all creditors that must be paid, under the bankruptcy code, the debtor may keep any motorcycle. … [Read more...] about Can I keep A Motorcycle In A New Jersey Chapter 13 Case?

NJ Law Changes For Modified Plans in Bankruptcy Explained The explanation below relates to the handling of certain debt related to a New Jersey chapter 13 modified bankruptcy plan. The specific type of debt effected by the new law is connected to collateral, which includes auto financing, auto … [Read more...] about New Jersey Bankruptcy Attorney Discusses Law Changes For A Modified Plan