Facing financial challenges can be overwhelming. For some, Chapter 13 bankruptcy provides a structured path to regain control. To embark on this journey, it is necessary to grasp the eligibility requirements. Stable income The foundation of Chapter 13 eligibility...
Union New Jersey Family And Bankruptcy Law Blog
Should I sign a separation agreement before my divorce?
Divorce is a challenging process that is likely to raise many questions. One question you and your soon-to-be ex-spouse might have to answer is whether to sign a separation agreement before finalizing the divorce. Weighing the pros and cons of this decision is worth...
What protects home buyers from a seller who won’t leave?
Buying real property in New Jersey requires a lot of planning, especially if people want to use the home to serve as their primary residence. There may be repairs or modifications to make, as well as moving plans to solidify. Home buyers need to time things carefully...
The difference between Chapter 7 and Chapter 13 bankruptcies
Understanding the distinctions between Chapter 7 and Chapter 13 bankruptcies is important for those facing financial challenges. Both chapters of bankruptcy offer a path to financial relief. However, they operate differently and cater to distinct financial situations....
What assets should I list in Chapter 7 bankruptcy?
When you follow bankruptcy procedures correctly, you avoid delays in your case and even legal sanctions that could endanger your bankruptcy. This is definitely true when you attempt Chapter 7 liquidation and must list your assets. Your assets become a part of your...
What does equitable distribution mean for divorces in NJ?
Divorce proceedings involve many considerations. One important aspect is the division of marital assets. In the state of New Jersey, the principle guiding this division is "equitable distribution." Equitable distribution Equitable distribution does not imply a strict...
How to approach divorce as a business owner in New Jersey
Here in New Jersey, entrepreneurs play a critical role, with nearly a million small businesses in the state, according to the U.S. Small Business Administration. For New Jersey business owners, divorce can be a complex undertaking. The process involves assessing the...
What homeowners should know about New Jersey eminent domain
New Jersey homeowners should become familiar with eminent domain. The government can acquire private property for public use that benefits the overall community. Reviewing eminent domain laws can help you understand your rights if you face this challenging situation....
How long does Chapter 7 bankruptcy affect someone’s credit?
Many people put off or avoid bankruptcy because they worry about credit-related repercussions. They know that they will need to buy a vehicle in the near future or they hope to buy a house. They don't want their current financial struggles to prevent them from having...
How do courts make child custody decisions?
Child custody decisions in the legal system play a pivotal role in determining the well-being of children affected by divorce or separation. The court is responsible for making these decisions, and understanding the process is essential for parents seeking custody....