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Are Debt Collectors In New Jersey Following The Law After A Debtor Files For Bankruptcy?
When a debtor files for bankruptcy an invisible shield comes down around them. This shield is referred to in the law as the automatic stay, pursuant to 11 U.S.C. s 362. The automatic stay protects the debtor from creditors during the pendency of...
Should you filed for bankruptcy in New Jersy if you are not working and have no assets?
Decisions, Decisions. One of the questions I get a lot is whether someone should file bankruptcy if they have little to no income and no assets. The easy legal answer is usually no because they are effectively judgment prove. That is the...
If I just recently lost my job in New Jersey and and can no longer afford My Chapter 13, can I switch to a Chapter 7 bankruptcy?
It is possible to switch from a Chapter 13 bankruptcy to a Chapter 7 bankruptcy. Switching from one chapter to another is called converting. You can convert your case from a Chapter 13 to a Chapter 7 so long as you are eligible for a discharge. ...
How many times can you legally file for personal bankruptcy in New Jersey or any state?
The Bankruptcy Code is a federal law so it is applies in all states although each Bankruptcy Court may apply the law differently. You can file a Chapter 7 case every eight years. However, if you are in over your head after filing a Chapter 7 Bankruptcy, you can...