It is common for people living in New Jersey to have some debt. People may own a home and have a mortgage, they may have car loans, medical bills, credit cards, personal loans and other forms of debt. This by itself is not a bad thing and in some situations can in...
Three tips for rebuilding credit following bankruptcy
Unexpected problems, such as a sever illness or job loss can cause a person in New Jersey to suffer significant financial hardship. They may simply have no means to pay their debts. In such situations, they may choose to file for bankruptcy, but they may be concerned...
Can personal bankruptcy eliminate student loan debt?
Student loan debt is a significant problem for many New Jersey residents. Individuals sign loans for thousands of dollars in educational support only to struggle later to find jobs so that they can begin to pay down their debts. When their ability to pay their student...
Chapter 7 bankruptcy may allow people to rid themselves of debt
People in New Jersey have many different bills that they need to pay and many different items that they purchase. Their bills and purchases are usually made based on what they can afford. This true whether they are buying something outright or buying it with credit...
Three common misconceptions about bankruptcy
If you are struggling with overdue bills and threats of wage garnishment, repossession and other creditor actions, you may have considered filing for bankruptcy. Before making a decision that will affect your financial future, it is important to understand the law and...
Can you rebuild your credit score post-bankruptcy?
A lot of people are facing financial struggles this year that they never thought were possible. Others have been trying to claw their way out of debt for years. Regardless of how long your debt woes have been hanging over you, you might have the ability to secure the...
Bankruptcy and sole proprietors
Sole proprietorships, operated by over 25 million sole proprietors, are the most common type of small business in this country. Even though single proprietorships do not offer protection for your personal assets from debt or liability, these organizations can still...
Is Chapter 13 bankruptcy the best choice for my situation?
Financial challenges can crop up without warning and many New Jersey residents suddenly find themselves facing mounting debts and the inability to pay them. While the concept of bankruptcy might stoke fear and reluctance, it is a legal and effective strategy to get...
Bankruptcy can facilitate, or delay, divorce proceedings
Since finances are an oft-cited reason for marital problems, it is not surprising that many who are contemplating a divorce also may be considering whether or not they should also file for bankruptcy. New Jersey couples may be reluctant to file for bankruptcy right in...
Bankruptcy is one of the options to clear credit card debt
Credit card debt is a common challenge for New Jersey residents. The constant collection calls and fear as to what might happen can be overwhelming. Fortunately, there are effective strategies to get on stronger financial ground. Understand how to eliminate credit...
