From Straffi & Straffi Attorneys at Law – In this episode, we explore the critical topic of What Can You Not Do After Filing Chapter 7? Filing for Chapter 7 bankruptcy in New Jersey offers relief from unsecured debts such as credit card balances and medical bills, but it also comes with strict rules that must be followed to avoid jeopardizing your discharge. We break down common mistakes, such as accumulating new debt or making large purchases on credit after filing, which could be seen as fraudulent by creditors or the bankruptcy court. The consequences of such actions can be severe, including the denial of your discharge or accusations of bankruptcy fraud.Another key topic discussed is how transferring or selling assets after filing for Chapter 7 can violate bankruptcy rules. When you file, your assets become part of the bankruptcy estate, and the appointed trustee evaluates them to determine what can be liquidated to repay creditors. Selling or hiding assets during this process is a red flag and can lead to serious legal consequences. We explain the importance of adhering to New Jersey's exemption laws, which allow you to keep certain assets, and how the trustee plays a pivotal role in this phase of your bankruptcy.We also cover the impact of employment and income changes on your Chapter 7 case. If you secure new employment or receive a bonus during bankruptcy, this could affect your case, particularly if the additional income is significant. The episode highlights how salary adjustments and financial gains might prompt the trustee to reassess whether you can repay some of your debts, potentially converting your case from no-asset to asset. We outline how communicating these changes with your bankruptcy attorney can help you stay compliant with the legal process.Finally, we discuss the long-term implications of filing Chapter 7 in New Jersey, such as its effect on your credit score and future loan opportunities. We offer practical tips on how to rebuild your credit after a discharge, including the careful use of secured credit cards and creating a sustainable budget. With the support of the Straffi & Straffi team, navigating post-bankruptcy life becomes more manageable, allowing you to make sound financial decisions that align with New Jersey bankruptcy laws. Contact us at (732) 341-3800 to learn more about how we can help you move forward after filing for Chapter 7 bankruptcy.Straffi & Straffi Attorneys at Law670 Commons Way, Toms River, NJ 08755, United States(732) 341-3800https://www.google.com/maps?cid=18340758732161592314
from Straffi & Straffi Attorneys at Law https://www.buzzsprout.com/2026843/episodes/15827490-what-can-you-not-do-after-filing-chapter-7-daniel-straffi
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