Blog
Can I transfer my property to a family member and then buy it back after bankruptcy? (Hackensack, NJ & Bergen County)
No, you cannot and should not transfer property to anyone prior to filing bankruptcy. It is bankruptcy fraud and you can be prosecuted and go to jail if the fraud is discovered. There are ways to protect your assets. You should speak to an attorney who can assist...
Should I file a Chapter 7 Bankruptcy if I don’t have a lot of debt? (Hackensack, NJ & Bergen County)
Many people want to know if they have enough debt to file bankruptcy. What I tell a possible client is that each person's situation is unique. I generally have not filed bankruptcy for people with anything less than $8,000.00 ($8k) because if you are paying an...
Will a personally guaranteed business loan be included in a business bankruptcy? (Hackensack, NJ & Bergen County)
In my experience, when someone personal guarantees a business loan it usually results in a person having to file a personal bankruptcy. Furthermore, if the business is being closed or is already closed, most times a business bankruptcy is not necessary but a personal...
If you are married you can file bankruptcy without involving your husband/wife. (Hackensack, NJ) (Bergen County)
'Till Debt Do You Part? One of the most frequently asked questions about filing bankruptcy is, "Can I file without involving my husband/wife?" In most cases, the answer is, "Yes." However, there are a few instances where the person not filing is affected as a...