When an individual is considering filing for bankruptcy in New Jersey, one of the major concerns that they have is in regards to what will happen to their credit afterward. Of course, this is a completely valid concern but the truth is, bankruptcy is really not a lifelong sentence for bad credit. Yes, a bankruptcy…

When an individual in New Jersey is planning their estate, it is important that they consider options for what might happen in the event that they become incapacitated. One way for an individual to prepare for this potential situation is by making sure they create a healthcare directive, which can inform loved ones of their…

When an individual begins planning their estate, they will have to choose a trusted party who will act as a fiduciary. According to the American Bar Association, a fiduciary can be defined as “an individual or bank or trust company that acts for the benefit of another. Trustees, executors, and personal representatives are all fiduciaries.”  The…

Individuals who feel as though they are facing debt that they will never be able to repay may want to consider filing for bankruptcy. There are two primary options for consumer bankruptcy: Chapter 7 and Chapter 13. In order for a debtor to determine which type of bankruptcy they are eligible for, they will need…

When an individual is struggling to make payments on their outstanding debt, they may feel the pressure mounting from creditors and lenders to make payments. Creditors may be contacting the debtor quite frequently at home and at work, which can cause the debtor to feel additional stress, especially when they know that they cannot realistically…

When an individual in New Jersey is contemplating whether they should continue to rent a home or buy one, they will have to weigh the benefits of each option to determine what best suits their situation. Generally speaking, owning a home presents a number of benefits over renting but it takes some time for people…

When an individual is struggling financially with seemingly nowhere left to turn, it may be time to start seriously thinking about bankruptcy. After an individual files for bankruptcy, they will have to go through a meeting of the creditors, which is also commonly referred to as a Section 341 meeting. Many people get nervous about…

There are a lot of common misconceptions about creating a will, one of them being that people don’t need a will while they are young. It may be a good idea to create a will early in one’s adult life because even though a will is a legal document, it can evolve over the course…

When someone makes the decision to purchase a new construction home, they often find a lot of security in the fact that the home is brand new and therefore, nothing should be wrong with it. However, even days after closing, the builder and the new homeowner can still find major issues. Most of the time,…

One of the most important parts of the home-buying process is to get a home appraisal before the certificate of occupancy can be issued (if the home is new construction) and the closing can take place. The primary purpose of a home appraisal is to determine the actual market value of the home. The home…

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