The Step-by-Step Process in Filing a Chapter 7 Discharge Navigating the Chapter 7 discharge timeline is crucial for individuals seeking financial relief. Understanding the complex parts of this process can be difficult. But it can become manageable with the proper guidance.  The Chapter 7 discharge timeline explains the bankruptcy process for individuals seeking relief from overwhelming debt. It outlines the stages and milestones to get a discharge, which is the ultimate goal of filing for Chapter 7 bankruptcy. From the moment you file your petition, the process of bankruptcy starts. Reme ..read more

Find Relief From Medical Debts Through Bankruptcy Accidents or illnesses are unpredictable events that no one anticipates. Nevertheless, the bills can accumulate rapidly when confronted with a medical issue. Additionally, the health condition may impact household income, causing further concern for the individual affected, whether it is oneself or a loved one. As a result, individuals may consider exploring options such as bankruptcy and medical debt relief in Bridgewater, NJ, to alleviate their financial difficulties. This situation leads to heightened stress, increasing bills, and a diminish ..read more

Prevent Financial Failure Through Filing for Bankruptcy Financial challenges can arise unexpectedly in the bustling town of Bridgewater, NJ, leaving individuals and businesses grappling with overwhelming debt. When the storm of financial uncertainty hits, having a reliable Bridgewater bankruptcy attorney by your side becomes crucial. Short Summary: Bankruptcy is a strategic financial move, not a failure, and there are three main types: Chapter 7 for liquidation, Chapter 13 for repayment plans, and Chapter 11 for businesses. Bankruptcy can shield against creditor actions and is a strategic opt ..read more

Know the Requirements of a Chapter 7 Bankruptcy In the complex area of bankruptcy, understanding Chapter 7 eligibility in Bridgewater, NJ, is crucial for those facing financial challenges in the area. Chapter 7 bankruptcy can be a lifeline for individuals and businesses drowning in debt, with a promise of a fresh financial start. In this article, we will break down the crucial aspects of Chapter 7 eligibility in New Jersey and how you can file it. Short Summary: Chapter 7 bankruptcy includes several different eligibility requirements in Bridgewater, NJ. Chapter 7 bankruptcy is also known as ..read more

Local Catholic Churches in New Jersey Our Lady of the Mount – 170 Mt Bethel Rd, Warren, NJ 07059 908-647-1075 St. Charles Borromeo – 2500 Branch Pike, Cinnaminson, NJ, Cinnaminson, NJ 08077 856-829-1852 St. Francis of Assisi – 548 Main Street, Metuchen, NJ 08840 732-548-0100 St. Justin the Martyr – 975 Fischer Blvd., Toms River, NJ 08753 732-270-3980 St. Matthew the Apostle – 81 Seymour Ave, Edison, NJ 08817 732-985-5063 ..read more

In July 2022, significant changes to credit reporting cane into effect in the United States. These changes will impact millions of consumers, lenders, and credit bureaus. In this blog, Karina Lucid, New Jersey Bankruptcy Attorney, will explore what these changes are, why they are being implemented, and how they will affect you. What are the changes? The changes to credit reporting in July 2022 relate to the information that is reported and how it is reported. The main changes include: Medical debt: Medical debt will no longer be reported on credit reports until it is at least 180 days past du ..read more

Trusted New Jersey Bankruptcy Attorney I was once again interviewed by Karin Price Mueller for her NJMoneyHelp.com column. One of Ms. Price Mueller’s readers asked this question. My daughter was out of work during the pandemic — thank god for unemployment — but she accumulated $20,000 of credit card debt. She still has a high credit score and she’s on her own financially now and working. With interest rates rising, it will take her a really long time to pay it all off. Is she better off filing for bankruptcy? She wants to buy a house in the next five years so she’s not sure what’s worse — taki ..read more

I was recently interviewed by Karin Price Mueller for her NJMoneyHelp.com column. The theme of the article is what happens when one spouse files for bankruptcy. Specifically, one of Ms. Price Mueller’s readers posed the following question: My husband wants to declare bankruptcy. He has $25,000 of credit card debt in his name alone. We have both of our names on a mortgage and another credit card, but that has no balance. How would his bankruptcy affect my credit? While you can read the entire column here, I will point out a few key points. The wife’s credit score will not be affected by the hu ..read more

Bankruptcy happens. Maybe you experienced a catastrophic illness or filed for a divorce that left you in dire straits. Regardless of your circumstances, sometimes even the best of us find ourselves at financial rock bottom. You may be surprised to learn who among the “rich” and famous are somewhat infamous for their questionable finances. This article from MoneyFit.org has some interesting examples of celebrities (and even historical figures) who have filed for bankruptcy; the list may surprise you. Some of these people peaked, overspent, and filed for bankruptcy when their debt caught up to t ..read more

Significant medical debt can certainly lead to bankruptcy. In fact, medical debt is a huge problem for many Americans. According to some reports, medical debt exceeds debt from credit cards, utilities, auto loans, and other sources combined. How many years have we heard about the federal government addressing this problem? For me, the issue of medical debt has all talk with no solutions. Maybe we have a step in the right direction. On April 5, President Biden issued Executive Order 14070 “to protect and strengthen Medicaid and the Affordable Care Act (ACA) and to make high-quality healthcare a ..read more