Your debt has been accumulating for months, even years. Or maybe a recent event caused your debt to increase quickly. Either way, your mortgage, car loans, credit card debt, all of these expenses have become too much to keep up with. When you’ve exhausted all of your financial options and have faced the reality of …
In difficult times such as these, it is easy for individuals and families to acquire significant amounts of debt. This is especially true in the age of the credit card. With a swipe of a card the majority of consumers across the country have access to thousands of dollars right at their fingertips. Before you …
How To Protect Your Personal Property During Bankruptcy Making the final decision to file for bankruptcy can be daunting, especially when you take into consideration all of the assets and personal property you’ve worked hard for. At Tom Orr Law we are here to make those decisions less difficult and answer all the “what if” …
How To Protect Your Personal Property During Bankruptcy Read More »
There are a variety of NJ bankruptcy exemptions available to those filing for bankruptcy in the state. These exemptions are an essential aspect of the bankruptcy process because they protect your property from creditors. This blog will educate you on the various New Jersey bankruptcy exemptions. You have two choices when filing for bankruptcy in …
You recently filed for Chapter 7, 11 or even 13 bankruptcy, and you have made it to the point where all of your debt has finally been discharged. You’re now ready to begin your life after bankruptcy and are asking yourself the question, “what do I do next?” It’s essential to understand what happens when …
Bankruptcy Fresh Start: Tips to Succeed in Life After Bankruptcy Read More »
My clients come to me in need of a fresh start. They are getting calls from collection agencies left and right and are often using credit to buy the necessities such as food. Credit cards and mortgages are considered long-term loans. Payday loans are the most common type of short-term, unsecured lending, offering a …
I am committed to giving my clients the tools that they need to manage their finances and credit. In this blog, I will discuss the various biases that have a financial impact. Education is key to your financial success. Keep reading to learn more about cognitive biases. Anchoring Bias The anchoring bias is a purchase …
Filing for bankruptcy is sometimes compared to “finding a ray of light at the end of a dark tunnel.” It is also said that you are “wiping the slate clean” or getting a “fresh start.” If you’ve been asking yourself, “is bankruptcy really a fresh start?”, this blog is perfect for you. Keep reading this …
How fresh of a “fresh start” is filing for bankruptcy? Read More »
Now that you have decided to file for bankruptcy you are likely wondering what you can expect next. You have taken the right step of choosing an experienced bankruptcy attorney. I am here to help guide you through the bankruptcy process. In this blog, I will give you a look at what happens once you …
Many of my clients come to me wondering about the proper steps to declare bankruptcy and want to know what happens throughout the entire bankruptcy process. In response, I have put together a bankruptcy timeline to give you a better understanding of what goes on before, during, and after filing for bankruptcy. Your timeline will …
Hundreds of thousands of Americans, including consumers and business owners, file for bankruptcy each year. While many think this situation is the result of overspending, most cases are due to financial hardship such as job loss, costly medical bills, divorce, or a poor economy.
