Is it odd to be thankful I am a bankruptcy lawyer? As we approach the Thanksgiving holiday, I am reminded of the importance of supporting others during difficult times, especially when it comes to navigating financial distress. The season of gratitude offers a powerful reminder of why my work as a bankruptcy lawyer is so […]
Filing Bankruptcy Individually: Can One Spouse File Without the Other?
Are you considering filing bankruptcy individually without your spouse? When managing finances, most married couples are used to making decisions together. Many financial matters are handled jointly, whether budgeting, saving for retirement, or taking out loans. But when it comes to filing for bankruptcy, did you know that one spouse can file independently without involving […]
Famous Figures Who Faced Bankruptcy: Surprising Stories of Financial Struggle
Did you know that Abraham Lincoln, one of the most revered presidents in American history, filed for bankruptcy? In this post, we’ll explore five famous individuals who faced financial hardships, shedding light on their journeys and the lessons learned. 1. Abraham Lincoln Abraham Lincoln struggled with financial difficulties throughout his life, particularly as a storekeeper. […]
Rising Veterinary Costs and Their Impact on Pet Owners
Veterinary costs have spiked by 7.6% over the past year, leaving pet owners and animal lovers reeling from the financial impact of keeping their beloved companions healthy. This increase is not just a number; it is a significant factor in financial distress for many, especially in states like New Jersey. Why Veterinary Costs Are Rising […]
How Gambling Can Affect Your Life Into Bankruptcy
Gambling is often perceived as a fun and exciting activity, but it can quickly turn into a financial nightmare for many. The average gambler loses a staggering $20,000 a year, and with the rise of online gambling, this issue has become more pervasive. A recent study shows that 16 to 24-year-olds in the United States […]
Does Filing for Bankruptcy Mean You Can Never Buy a House?
For many, the thought of filing for bankruptcy is daunting and often accompanied by the fear of never owning a home. However, the reality may surprise you. Many ask, “If I am filing for bankruptcy, can I buy a house again?” The simple answer is yes — filing for bankruptcy impacts your credit, but it […]
What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
You may qualify for bankruptcy protection if you are falling behind on payments, racking up debt, and barely making your minimum payments. Bankruptcy laws were enacted for such situations, but the process can seem daunting and confusing. You should know that there are different types of bankruptcies, and you must qualify for them. In this […]
What Happens to My Assets in Bankruptcy?
Worrying about what happens to assets in bankruptcy is common. Filing for bankruptcy can be daunting, especially when you are not sure what will happen to your assets. If you are considering filing for bankruptcy protection, understanding the intricacies of the bankruptcy process is crucial. This blog post will demystify what happens to your assets […]
Why Bankruptcy Help Is Personal to Me
Facing financial uncertainty can be one of the most daunting experiences in life, but bankruptcy help is available. It is a journey I know all too well, having walked a similar path myself. Starting a new business is an exhilarating yet risky venture, and for many entrepreneurs, it involves taking on significant debt, making sacrifices, […]
Pursuing a Loan Modification
A loan modification can be a great solution to a delinquent mortgage or unaffordable mortgage payments. It can enable a homeowner to avoid foreclosure and the loss of a home. It can also provide a solution when mortgage arrears are so high that an affordable Chapter 13 bankruptcy payment is out of reach. You don’t […]
