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The Law Office of Travis J. Richards, LLC
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Should I Use A Loan Consolidation To Solve My Debt Problem? - Getting behind on your debts is something that you never plan but it just happens. One month you are a little short so you skip a bill payment assuming you will catch it up next month. However, next month you are still short on funds to pay your bills so you skip another payment. Before long, you are receiving past due notices in the mail and threatening telephone calls at home and at work. No matter how hard you try to catch up, you just get further behind. Then you see a commercial for a loan consolidation and wonder if that is the answer to your debt problems. Using a Loan Consolidation to Get Out of Debt Companies who offer loan consolidation make it very enticing to people who are struggling to pay their bills. One low payment each month solves your problems with debt. No more credit card bills, medical debts, personal loans, or other unsecured debts to worry about each month. Just that one low payment. You save money and interest. Sound great? Loan consolidation companies want y

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Best Way to Pay Off Student Loans - Students graduating college in 2015 have the highest amount of student loan debt when compared to prior graduating classes. If you have student loans, you are not alone. College students are graduating with more student loan debt than ever. The average student loan debt for a graduating college senior is approximately $30,000. This figure is expected to continue to increase as college students borrow more money to obtain their undergraduate and graduate degrees. Struggling with student loan debt is overwhelming. Choosing to pay your rent/mortgage and other basic living needs or pay your student loan payment is frustrating and frightening. There is hope. Contact the Law Office of Travis J. Richards to discuss ways you can manage your student loans. Bankruptcy and Student Loans It is true, most student loans are not dischargeable in bankruptcy; however, there are exceptions. To determine if you meet the narrow prerequisites for discharging student loans in bankruptcy, contact my office

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What Is Foreclosure? - If you are behind on your mortgage payments, you may be facing a foreclosure action by your mortgage lender. The foreclosure process in New Jersey is handled by the Foreclosure Unit of the Superior Court. The time it will take for a mortgage lender to file a foreclosure complaint depends on the specific mortgage company. If your mortgage payment is due on the first day of the month, you are past due on the second day of the month regardless of whether the mortgage company allows you until the 15th of the month to make a payment before charging a late fee. Most mortgage companies will not file a foreclosure complaint if you are only one payment behind. In most cases, the mortgage company will call you several times trying to collect the payments and send several letters warning of further action. The mortgage company eventually retains an attorney to send letters demanding payment of the past due amount before filing a foreclosure complaint. Therefore, it could be a few months or much

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Are Assets Liquidated in a Chapter 13 Bankruptcy Case? - One of the most common questions that my office receives from potential clients is, Are my assets liquidated if I file bankruptcy? The fear of having their assets liquidated in bankruptcy is one of the reasons why many people delay meeting with an experienced bankruptcy attorney. In most cases, delaying the need to file bankruptcy only creates more problems that could eventually lead to a situation where we would have assets liquidated. The truth is that the large majority of debtors who file a New Jersey Chapter 13 or Chapter 7 case retain all of their property while getting rid of all, or most, of their debts. With the exception of debtors who voluntarily surrender an asset to get out from under the secured debt, the cases in which we have assets liquidated to pay creditors are few. If you are experiencing debt problems and you are concerned that by filing bankruptcy you will see your assets liquidated, I offer a free bankruptcy consultation where you can get honest and correct answ

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Too Much Debt for Chapter 13 - Have you missed a couple of car payments and your home is about to be placed into foreclosure? Are you struggling to pay your living expenses and wondering how you will make ends meet next month? If you are in this position, you are not alone. Millions of Americans face these same questions each day as they struggle to find an affordable solution to their debt problems. Some people have too much debt because they do not have any funds left over after paying living expenses at the end of each paycheck. On the other hand, other people may believe they have too much debt but they do have some disposable income just not nearly enough to pay all of their bills. In both situations, filing a bankruptcy case may be the best solution. Can You Have Too Much Debt to File Bankruptcy? Bankruptcy law is divided into various chapters: Chapter 7 is a liquidation bankruptcy for individuals and businesses Chapter 13 is a reorganization bankruptcy for individuals Chapter 11 is a reorganization for busin

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How Fast Can I File Bankruptcy in New Jersey? - Are you being harassed by debt collectors? Have you received a notice that your car is being repossessed? Did your mortgage company serve you with a foreclosure complaint? Are you considering a bankruptcy to get out of debt? If so, you may be worried that filing bankruptcy will take too long. The good news is that we can file bankruptcy in New Jersey very quickly; however, it is much better for you if you come into my office sooner rather than later. Your financial situation only becomes worse the longer you allow it to go on without taking steps to resolve the problem. I offer free bankruptcy consultations so that you can get the information you need to take steps to get out of debt and get back on your feet. Filing Bankruptcy in New Jersey Bankruptcy filings are electronic; therefore, you can have a case number within minutes of signing your bankruptcy forms. This is very helpful when you are dealing with a foreclosure sale, vehicle repossession, lawsuit, or wage garnishment. The ba

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Free Report: Can I Have A Successful 341 Meeting in New Jersey - A 341 Meeting is presided over by the trustee that is appointed to administer your bankruptcy case. A judge will not be present during your hearing. The trustee places you under oath before asking you questions about your assets and debts, income and expenses, and your financial history. These questions are the same questions my staff asked you when we were preparing your bankruptcy schedules. Topics covered in this report include: Explaining the Bankruptcy 341 Meeting Preparing for a Successful Bankruptcy 341 Meeting Click here to read the whole article or download the PDF. The post Free Report: Can I Have A Successful 341 Meeting in New Jersey appeared first on The Law Office of Travis J. Richards, LLC.

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When You are a Small Business Owner and File Personal Bankruptcy - Filing bankruptcy is a big decision; however, if you own a small business, you have much more at stake than just your personal finances. Your personal bankruptcy could affect your small business depending on the business structure and your financial situation. As a small business owner, you need to consult with an experienced bankruptcy attorney before you file bankruptcy to discuss ways to protect your business. Filing Bankruptcy as a Small Business Owner A corporation, limited liability corporation (LLC), and a partnership can file a bankruptcy because each of these companies is considered a legal entity. If you are a sole proprietor, you and your small business are one legal entity. You cannot file a bankruptcy just for your business and your small business must be included in any personal bankruptcy case you file. Your business debts are your personal debts and the business assets are your assets. Therefore, if you file a personal bankruptcy, the debts and assets of your small bus

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What Is The Role of a New Jersey Chapter 7 Trustee - What Is The Role of a New Jersey Chapter 7 Trustee from Travis J. Richards The trustee must review all claims filed with the court, object to improperly filed claims and file reports stating how the money will be paid. Once the report is approved, the trustee disburses the funds and files final accounting reports for the court’s approval. Learn more about the role of a New Jersey chapter 7 trustee in this presentation. The post What Is The Role of a New Jersey Chapter 7 Trustee appeared first on The Law Office of Travis J. Richards, LLC.

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Free Report: Your Concerns About Filing Bankruptcy in New Jersey - 
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