The repayment plan established in a Chapter 13 bankruptcy is a reflection of a filer’s total debts and income. People who make the necessary payments can discharge the remaining balances on their eligible unsecured debts. Some people struggle to complete the repayment...
Year: 2026
The importance of a broad approach when estate planning
Estate planning is more than preparing documents for the future. It is a thoughtful process that helps you organize your assets, define your wishes and ensure that your loved ones are supported when you are no longer able to manage your affairs. It’s important to look...
What to do before filing a joint Chapter 7 bankruptcy
As a married couple in financial distress, joint bankruptcy can be a powerful way to reset your finances. Still, it’s not something you should rush into. Filing jointly means combining your financial worlds in a way that requires careful planning, honest conversations...
Can you be too young to draft an estate plan?
Studies have found that the average American does not have an estate plan. One of the top reasons that people give is that they are waiting until they are older, implying that they believe they are currently too young. Often, this belief centers around the idea that...
Estate planning for single parents
Single parents carry tremendous responsibility. You are the primary source of stability, guidance and financial support for your children. Because so much falls on your shoulders, estate planning is essential. Having the right legal documents in place can provide...
What if you make too much for Chapter 7 bankruptcy?
Chapter 7 bankruptcy is a liquidation bankruptcy. A person has overwhelming debt, but they still own specific assets. They are required to liquidate nonexempt assets—there are often key exemptions for things like tools of the trade, residential property or...
Why does cancer often lead to personal bankruptcy?
Individuals diagnosed with cancer often face lengthy courses of treatment. Cancer treatments range from surgery, chemotherapy and radiation to cutting-edge immunotherapy treatments that help the body fight the cancer on its own. For many people with cancer, the first...
2 assets that can skip an estate plan
The majority of a person’s assets can be passed down to the next generation through their estate plan. Estate planning is certainly about more than just assets, as it can also address medical decisions and things of this nature. But a large percentage of the process...
When do financial powers of attorney terminate?
Financial powers of attorney protect people from the challenges of sudden incapacitation. When medical emergencies occur, other people may not be able to offer practical support without prior planning. Financial powers of attorney help ensure that there is a competent...
Chapter 7 bankruptcy: Buying back your car in New Jersey
If you file a Chapter 7 bankruptcy, you have the chance to get your repossessed car. Understanding how this works is essential, especially if you need a reliable way to get to work or pick up groceries. Defining your right of redemption Under the U.S. Bankruptcy Code,...
