Like many New Jersey residents, you may feel trapped under a heavy weight of financial debts that makes it impossible to go about your daily life without constant worry. After receiving yet another call from a debt collector, you may wish for a fresh financial start in order to live a stress-free life and be wondering how you can make this happen. At Goldman & Beslow, we have assisted many clients in reclaiming their lives while getting back on the path to financial stability.
Owning and running your own business can be a thrilling experience, which is why some New Jersey business owners may not like the idea of going back to being an employee and taking orders from someone else. And yet if you are going through Chapter 13 bankruptcy, becoming an employee again may actually be helpful and could help save your business from being sold to pay your debts.
It is not uncommon for people in New Jersey today to fund at least a part of their college education via student loans. For many decades, in fact, the amount of student loan debt across the United States has been on the rise. According to the Institute for College Access and Success, the average person with student loan debt owed approximately $33,000 in 2018. Among all borrowers, one out of every four is said to be either in default or behind on their payments.
Numerous experts agree that most Americans are one medical emergency away from financial ruin. According to a fairly recent report, the average person spends over $10,000 on health care costs a year -- this does not include insurance premiums. If you are like most New Jersey residents, you likely do not have $10,000-plus sitting around to pay your medical debt obligations in full. What can you do?
Being faced with debt is emotionally daunting. You may feel as though you're making no progress as your bills continue to pile up. In this case, it's crucial that you take the proper steps to address debt and ensure it doesn't negatively impact your financial future. The Balance offers the following advice on how you can get a handle on any amount of debt.
After you have received notice that your vehicle is being repossessed you are left with the unpleasant reality that you are now without transportation. You may be feeling at a loss and wondering if there is any possible way to reverse the situation you are now in. At Goldman & Beslow, LLC, we are advocates for people in New Jersey who may be struggling with financial debt that has left them in challenging circumstances.