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Law Blog
Credit card debt is a burden after job loss
The loss of a job can be a shock, especially when the economy is unpredictable and work is scarce. For many in New Jersey, a job loss comes at what seems like the worst possible time. Already dealing with credit card debt, medical bills and other financial...
5 reasons why people are forced to file bankruptcy
With so many Americans forced to live paycheck to paycheck, it’s no wonder that even a small financial emergency can lead to potential ruin. As debt continues to mount, savings continue to crumble. Honest, hardworking individuals often find themselves scrambling to...
Which debts cannot be discharged by bankruptcy?
Superior financial literacy is not a strength of most people. Considering many of us aren't taught how to manage our finances properly, and figure it out in "trial by fire" scenarios, financial woes are not a surprise. Even the most financially adept people in the...
What are my options if I default on a student loan?
Student loan debt is a hotly debated topic in American politics. Considering that there are currently around 45 million borrowers carrying a debt load of $1.59 trillion, it’s no surprise that student debt is at the forefront of many conversations. Many people begin...
The dark reality of medical debt in the U.S.
Medical debt is a growing concern in the United States. A staggering 137.1 million Americans faced financial hardship in 2019 due to high medical costs. Despite these concerns, experts expect the cost of health care in the U.S. to only increase over time. According to...
More Americans turning to crowdfunding to cover medical bills
As the costs of health care and out-of-pocket expenses continue to rise in the U.S., more and more people are turning to crowdfunding sites like GoFundMe for help. Crowdfunding– or raising small amounts of money from a large group of online donors – has become the new...
4 steps to rid yourself of credit card debt
Credit card debt in the United States is approaching nearly half a trillion dollars, and the average debt per household for revolving credit has reached almost $7,000. The economic climate in the U.S. can change often and quickly. A recent study predicts that nearly...
Your pay may stay as bankruptcy holds off garnishment
Debt can be debilitating, when it feels like there is a claim on every cent of your income as you earn it. But this could turn literal when a creditor gets a court order to start collecting before you ever see your paycheck. There are limits on how much a creditor can...
Rebuilding credit possible after filing for bankruptcy
Before people struggling with debt in New Jersey go forward with a bankruptcy, they typically want to know what the long-term effect of that action will be. Although bankruptcies present a negative item on people's credit histories, they still have opportunities to...
Is bankruptcy a possible solution to your financial woes?
You'd likely have a difficult time finding an adult in New Jersey (or any other state) who has not, at some time in his or her life, experienced financial problems. If you currently count yourself among those who have seen better days regarding finances, you might be...
