Debt and bankruptcy often get described in moralistic terms, but many people in New Jersey struggle with debt through no fault of their own. Some of them have been doing fine until they suffer an illness or injury, lose a job or face some other sudden setback. Once...
Bankruptcy
Can you discharge medical debt in bankruptcy?
If you need medical treatment, the bills involved are not first on your mind. You are probably focusing on getting better. You will deal with the bills later. Unfortunately, the bills start to come quickly and you have to start paying. If you are unable to do that,...
Chapter 13 bankruptcy basics
Chapter 13 bankruptcy is a reorganization bankruptcy option for wager earners who are struggling with overwhelming debt to consider. It is one type of personal bankruptcy protection to consider and for that reason, consumers seeking a fresh financial start should be...
Bankruptcy exemptions can provide you with stability
A lot of Americans are struggling with debt. The sad reality is that many of them will spend years, maybe even decades, trying to claw back to financial stability only to find themselves falling deeper into debt. This frightening situation doesn’t have to be a reality...
What are some ways to deal with medical debt?
Medical debt is the source of financial hardship for many New Jersey families. The price of healthcare continues to soar. Now, even procedures that might seem common or routine can costs thousands of dollars when all is said and done. Furthermore, people usually need...
Not all debts are discharged in Chapter 7 bankruptcy
Many people think that filing for bankruptcy is one of the best ways to erase all debt and start over financially. However, there are certain debts that will not be forgiven, even if you file for Chapter 7 bankruptcy. Before you decide whether filing for Chapter 7...
The powers of the automatic stay and the relief it provides
Personal bankruptcy protections can help struggling consumers in many different ways. One way that personal bankruptcy protections can provide relief to filing parties is through the automatic stay that halts creditor collection actions during the bankruptcy process....
Medical debt in the U.S. is greater than previously thought
When a person in New Jersey is seriously ill, as many have been in the past year, they may want to focus on simply regaining their health. Unfortunately, part of regaining their health may be attending many doctor’s appointments, undergoing testing or perhaps even...
How can bankruptcy help me protect my home?
One of the scariest things about facing financial problems is the prospect of losing one’s home. If a New Jersey family falls behind in its house payments, even if it is because of difficult circumstances, most lenders will not hesitate to start the foreclosure...
Cancellation of student loan debt part of larger debt picture
Debt wears attire for every occasion. Unfortunately, lenders and creditors – not unlike guests at a reception – find it most valuable when its least appealing. The federal government may extend another set of clothes to those with student-loan debt. Modifications to...
