Monthly Archives: January 2017

How Much Cash Can You Keep When You File for Bankruptcy?

The amount of cash you can keep when you file for bankruptcy depends on how much of it qualifies as exempt assets. When you file for bankruptcy, exemptions are your property deemed by the bankruptcy court to be necessary in starting over. The laws dictating them determine how much cash you can keep. The Amount of Cash You Can Keep Though there are federal exemption laws, exemption laws differ state to state. In New Jersey, you can either use NJ state exceptions or federal bankruptcy exemptions to determine what property you can keep. You cannot, however, mix between the two sets of laws. You must choose either federal or state exemption laws to work with. In the case of both sets of laws, cash includes both money in your bank and paper cash as well. One type of cash generally not exempt under either set is cash from exempt property sold…
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Are Non-Compete Agreements Enforceable in New Jersey?

Non-compete agreements are not always necessary for a business. There are, however, times when having key employers sign an NCA is critical to a business’s success. Courts can change these non-disclosure agreements, though, and will not always enforce them. New Jersey courts can consider the enforceability of an NCA for an employer to use it against a former employee. In doing so, there are certain factors they consider. Factors of Enforceable Non-Compete Agreements Non-compete agreements are generally enforceable in New Jersey so long as they are reasonable in scope and duration. This is primarily because New Jersey does not want to restrict trade. The court will only enforce non-competes, therefore, that are defined narrowly. There are three primary factors New Jersey courts use to determine if a non-compete agreement is reasonable. First, the primary focus of the NCA must be to protect the legitimate business interest of the employer. This includes…
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How to Find a Great Real Estate Lawyer

It’s a smart decision to get a real estate lawyer when thinking of buying a home. A good attorney will help ensure your rights are protected and can expedite the process by processing legal documents for you. That being said, you will benefit from the assistance of some attorneys more than others. Here are some tips to help you find the right real estate lawyer. Tips on Finding a Real Estate Lawyer Give yourself time – Finding the right lawyer can be a time-consuming process. With this in mind, it’s best to start the search for your new home as early on as possible. You shouldn’t make your decision on a lawyer because time was a major contributing factor. Ask your friends and family – Most people do this anyways, but an easy way to find an attorney who will work well for you is to ask the people closest…
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Four Golden Rules for Choosing Safe Stocks

Selecting stocks is challenging even for the experienced investor. Every investor, from the novice to the pro, has the same goal—make money. A goal is nothing, however, without a system, a set of rules that leads towards that goal. The following are four such rules for investing. The Golden Rules for Choosing Stocks Shows steady growth – When you look at the financial report of the company, they should show strong and steady growth. Steady meaning over the course of a substantial period time—the longer the better. Has little debt – Having debt generally limits a company’s growth. More debt means that more of a company’s earnings are being spent towards that debt. In determining how much debt is too much debt, the best way is to compare that company to its peers in the same industry. Pays dividends – Dividends are great because they provide a source of regular…
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The 3 Best Ways to Avoid Bad Credit

How do I build good credit? This is a question often asked and often answered. Instead of pursuing that route, we’re going to look at how to build good credit through its opposite: how to avoid bad credit. How to Avoid Bad Credit Don’t pay your bills late – The single most important factor in avoiding bad credit is to avoid paying bills late. Your payment history constitutes a large amount of your credit score. A history of paying your bills late reflects that you are unreliable at paying back borrowed money. Don’t use too much of your available credit – A high utilization of your available credit gives the appearance that you cannot control your spending habits. Say you have a $1,000 credit limit and you’ve used $500. This would mean you are 50 percent “utilized.” If you are continually spending close to your credit limit, you look risky…
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