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Bankruptcy

What property can you keep in a New Jersey bankruptcy?

On Behalf of Lofaro & Headley, LLC | Nov 2, 2020 | Bankruptcy

When you file for bankruptcy, you can keep certain assets while still qualifying for debt discharge. In New Jersey, you can choose to use either the state or federal property exemptions. If you struggle with mounting debt and live in New Jersey, review the types of...

Factors to consider when deciding on a personal bankruptcy

On Behalf of Lofaro & Headley, LLC | May 26, 2020 | Bankruptcy

Personal bankruptcy comes in two types: Chapter 7 and Chapter 13. When deciding on which petition to file, a New Jersey resident may wish to learn more about the requirements for a Chapter 7 bankruptcy.  As noted by Kiplinger magazine, the court may eliminate some...

Understanding Chapter 7 vs Chapter 13 bankruptcy

On Behalf of Lofaro & Headley, LLC | May 1, 2020 | Bankruptcy

When you begin researching bankruptcy to resolve unmanageable debt, you may see the terms Chapter 7 and Chapter 13. What do these words mean, and how do they apply to your financial situation? Explore the difference between Chapter 7 and Chapter 13 bankruptcy filings...

Should you seek debt relief or file bankruptcy?

On Behalf of Lofaro & Headley, LLC | Nov 19, 2019 | Bankruptcy

When facing bills that you cannot pay and mounting debt, you generally have two options: You can seek out debt relief or file bankruptcy in New Jersey. Both options have good and bad points that you should educate yourself on before making your final decision. Either...

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Lofaro & Headley, LLC is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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