Blog | Page 4 of 7 | The Law Offices of Thomas J. Orr

5 Signs You Should Consider Filing for Bankruptcy

January 16, 2017 by Tom Orr 238

Filing for bankruptcy can be a scary thought. However, many report that filing for bankruptcy gave them a fresh new start and saved them from insurmountable financial troubles. If you’re considering bankruptcy, it is important to recognize these...

New Year. New You. New Finances.

December 30, 2016 by Tom Orr 245

It is that time of year again: the time to welcome in the New Year. This is the perfect moment to make a New Year’s resolution for things you would like to do better next year. Making a resolution is something that many people dread because...

Can a Credit Repair Company Erase My Bankruptcy?

December 19, 2016 by Tom Orr 208

You just finished your bankruptcy case and your lawyer tells you that your case will stay on your credit report up to 10 years. However, there are credit repair companies that ensure they will be able to erase all the negative reports and improve...

What Happens To My Retirement Benefits In Bankruptcy?

December 1, 2016 by Tom Orr 270

Most types of retirement plans are protected from any type of bankruptcy you file. For example, if your retirement plan is completely protected and you file for a Chapter 7 petition, this means that the trustee will have no right to use any of it...

5 Bad Financial Habits and How to Fix Them

November 1, 2016 by Tom Orr 284

Money is an extremely important thing that everyone needs in life. However, money is extremely easy to lose track of and it can be very easy to owe more than you have. Here are five bad financial habits and how to fix them. Spending more money...

What Happens to My Co-signer When Declaring Bankruptcy?

October 3, 2016 by Tom Orr 224

If you file for bankruptcy and have debt with a co-signer, it could potentially affect them. Each type of bankruptcy will have a different affect on your co-signer and it’s important to consider them when reviewing your options. Below, I’ve...

What Types of Bankruptcies Are Available?

July 26, 2016 by Tom Orr 220

Many of my clients are not sure which type of bankruptcy to choose. This is understandable since the bankruptcy process can be confusing without proper guidance. There are four types of bankruptcy cases provided under the law: Chapter 7 results...

How Much Does it Actually Cost to File for Bankruptcy?

July 25, 2016 by Tom Orr 205

Filing for bankruptcy can cause a large amount of emotional stress, but there is also a financial element of stress that is involved. Many of my clients ask me how much it costs to file for bankruptcy. Keep reading for an estimated breakdown of...

Will I Lose My Life Insurance Policy if I File for Bankruptcy?

June 28, 2016 by Tom Orr 317

Many of my clients ask if they will lose their life insurance policy if they file for a New Jersey Chapter 7 or Chapter 13 bankruptcy. This varies based on the type of life insurance and the exemptions you have. Keep reading to learn how your...

When Is Bankruptcy My Best Choice?

June 28, 2016 by Tom Orr 223

Many of my clients come to me asking if bankruptcy is their best option. There are a few questions that you can ask yourself to decide if a New Jersey Chapter 7 or Chapter 13 bankruptcy is the best course of action for you. Time It Will Take to...

What Does the Bank Do to Your Account if You File for Bankruptcy?

May 26, 2016 by Tom Orr 209

When you file for bankruptcy, you have to fill out numerous forms. In one of those forms, Schedule B, you are required to give the information about all of your personal property, including funds in your bank accounts. Many of my clients ask what...

What Small Business Owners Need to Know About Chapter 7 and Chapter 13

May 23, 2016 by Tom Orr 224

If you are a small business owner willing to file bankruptcy, you can do so either by filing Chapter 7 or Chapter 13 for bankruptcy. Do you know which one is the best option if your business debt becomes unmanageable? Whether to go for Chapter 7...