If my house is underwater, and in foreclosure, should I wait until its sold to file for bankruptcy?

Once the home is sold any deficiency claim is an unsecured debt. Depending on the timing, the debt might become uncollectible by a suit against you...

What is a better option - Foreclosure or Bankruptcy?

There is more to this question than meets the eye. First, it is generally taking 10-12 months from the start of a foreclosure until a sheriff sale....

Does Bankruptcy eliminate a post PSA judgement ?

It sounds like you agreed to pay her obligations for these joint debts. Generally speaking, if you file bankruptcy, you will probably be able to...

How to pick a good Ch.7 Lawyer ? I was told pick a lawyer who only do Bankruptcy

You need someone with experience in bankruptcy and a good track record. Check revised on Avvo and elsewhere. But the person has to understand your...

What are the begining stages of filing bankruptcy?

You do not have to be behind on current payments but you need to meet with a bankruptcy attorney to discuss the options and issues that might be...

If I file Chapter 7 bankruptcy bankruptcy in NJ are any of my spouses assets or credit affected if they are all in her name only

In a bankruptcy, only your assets are at risk, unless you transferred property or money of significant value to her for less than reasonably...

Can I personally file for chapter 7 bankruptcy for business debt without my wife's income added to the means test?

Unless you are separated nn. However, your wife's net income, after payment of her separate expenses is what is looked at. You need to consult...

Should i file for bankruptcy

The question is whether some or all of these can be discharged. Criminal fines are generally not dischargeable. Motor vehicle surcharges in NJ are...

This is partly right, but I would not file a bankruptcy on your own. A false step could cause problems with getting relief later or could make...

Assignment for the benefit of creditors instead of Chapter 13. Who does this in NJ?

We can review this situation and advise you. An assignment for the benefit of creditors transfers all assets to an assignee who then sells them for...