New Jersey Bankruptcy Information
Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in New Jersey? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find New Jersey-specific information on filing for bankruptcy as well as articles on the various New Jersey bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
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Can I keep lawsuit money if I file for bankruptcy in New Jersey?
Whether you'll have to give up money that you get from a lawsuit or settlement when you file for Chapter 7 bankruptcy in New Jersey depends on what exemption scheme you use (New Jersey or federal)
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The New Jersey Motor Vehicle Exemption in Bankruptcy
If you file for Chapter 7 bankruptcy in New Jersey, you can protect some equity in your car, truck, van, or other vehicle by using New Jersey's general personal property exemption.
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The New Jersey Homestead Exemption
In bankruptcy, a homestead exemption protects equity in your home. Although there's no homestead exemption in New Jersey, you can use the federal bankruptcy exemptions instead, which protect some home equity.
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The New Jersey Homestead Exemption
In bankruptcy, a homestead exemption protects equity in your home. Although there's no homestead exemption in New Jersey, you can use the federal bankruptcy exemptions instead, which protect some home equity.
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The New Jersey Motor Vehicle Exemption in Bankruptcy
If you file for Chapter 7 bankruptcy in New Jersey, you can protect some equity in your car, truck, van, or other vehicle by using New Jersey's general personal property exemption.
-
Can I keep lawsuit money if I file for bankruptcy in New Jersey?
Whether you'll have to give up money that you get from a lawsuit or settlement when you file for Chapter 7 bankruptcy in New Jersey depends on what exemption scheme you use (New Jersey or federal)
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