Skip to main content

Bankruptcy In New Jersey: Success After Bankrupcty

Despite the fact that we are six years after the recession. People are still struggling with their bills. We are often seeing that despite people finding work the pay is not the same. As a matter of fact people are probably making less that what they used to make 10 years ago.

I do see signs of recovery when I speak to past clients from which we keep in touch. People always have the fear that once they file for bankruptcy they would not be able to get credit or that nobody will hire them because of their credit history. These fear has keep them tramped with their debt for so many years.

I feel like sharing some of the success of people who filed for bankruptcy and have move on to prosperous  lives.   After their bankruptcy we have clients that now are able to rent without a guarantor, have gotten homes, and cars. I have also clients that become employed because they were not trapped with their debt and thus more appealing towards an employer. People don't realize that not having that stress of unsustainable debt over their shoulder have stopped the from achieving their goals.  Now we meet them we consult with them as to opening a business, buying a home and moving on.  I can honestly say that nobody has regretted their bankruptcy.

If you need a Bergen County Bankruptcy Attorney feel free to call us for a confidential consultation at (201) 880-5563.

Comments

Post a Comment

Popular posts from this blog

When do I need to Probate A Will in New Jersey?

PROBATE AND WILLS IN NEW JERSEY As Estate Planning Attorneys in New Jersey we often get asks whether probate is necessary if the decedent has a Will.  To better answer this question we need to know what is probate.  Probate is the process which permits an executor to transfer assets as directed by a decedent in their Last Will & Testament to the beneficiaries in accordance to the decedent's Will.  In order to make a determination of which decedent's assets must go through probate, we need to determine the tittle in which the asset is held. Assets held in the name of the decedent alone such as real estate, personal property and monies owed to the testator will generate be transferred through probate.  There is however a caveat in this situation as to some financial firms provide beneficiary designation forms which may transfer these accounts without probate. Assets held by the testator and another person jointly, with a right of survivorship, are said to be ...
Post a Comment
Read more

Establishing Consumer Fraud Claims in New Jersey

The New Jersey Consumer Fraud Act purpose was to combat sharp practices and dealings that victimized consumers by luring them into purchases through fraudulent or deceptive means. It was expanded to allow a private right of action for consumers that are victims of violations of the CFA. The private right of action included provisions that allowed for entitlement to treble damages, reasonable attorney’s fees, and reasonable costs of suit. In a cause of action asserting a violation of the NJ Consumer Fraud Act a plaintiff must prove:     1) unlawful conduct by defendant;     2) an ascertainable loss by plaintiff;     3) a causal relationship between the unlawful conduct and the ascertainable loss.       D’Agostino v. Maldonado , 216 N.J. 168, 183-184 (2013) (quoting Bosland v. Warnock Dodge  Inc ., 197 N.J. 543, 557 (2009)). If the plaintiff is successful in establishing his/her cause of action, the plaintiff is entitled to treb...
Post a Comment
Read more

Bankruptcy Filing Fees Rate Increase

Rate Increase for Filing Fees The Judicial Conference of the United States Courts approved the following amendments to the Bankruptcy Court Miscellaneous Fee Schedule.  For those who want to file bankruptcy before the fees changes please be aware of the new fee structure effective June 1, 2014     As a result of those changes the following fees will increase: • Chapter 7 Petition - $335           • Chapter 9 Petition - $1,717        • Chapter 11 Petition - $1,717  • Chapter 12 Petition - $275         • Chapter 13 Petition - $310         • Chapter 15 Petition - $1,717   • Motion to Split Chapter 7 Case - $335            • Motion to Split Chapter 11 Case - $1,717 • Motion to Split Chapter 12 Case - $275          • Motion to Split ...
Post a Comment
Read more