People in New Jersey going through a Chapter 13 bankruptcy still need to drive to work, school and family events. During the course of your bankruptcy proceedings, you may need to purchase a new car and want to finance the purchase through a car loan. However, you may...
In New Jersey and around the country, medical treatment costs can skyrocket when you don’t have adequate health insurance. Even if you have insurance, their are deductibles that are often quite large and that you are responsible for. Despite being healthy, you still...
Many New Jersey consumers who are overwhelmed by their financial obligations file for bankruptcy to obtain some debt relief. After discharge, many of them have the goal of rebuilding their credit. While it's possible to do so, getting credit cards can get tricky after...
Bankruptcy is a legal process that discharges certain debts, and the debtor no longer owes it. Homeowners in East Orange, New Jersey, with delinquent mortgages may have bankruptcy as an option to relieve them of debt. Defaulting on mortgages Some lenders may...
When you file for bankruptcy in New Jersey, you'll find that not all debts are alike. The court will divide your debt into two categories: priority debts and non-priority debts. You may not be able to discharge all these debts, but the court might evaluate them and...
Wage garnishment is when the judicial system orders for a certain portion of your wages to go to a creditor you owe. Your employer takes the money out of your paycheck to ensure that you pay the debt. Most creditors must go through a legal process before they can...
One key factor that researchers tend to use when assessing credit card debt is the age of the debt holder. By understanding which age groups possess the most amount of credit card debt, credit counseling professionals in New Jersey can better assist individuals in...
One of the primary benefits to filing for bankruptcy in New Jersey is receiving an automatic stay of creditor collection activities. As a general rule, credit card companies, mortgage lenders and government agencies must put a stop to wage garnishment or planned...
Filing for bankruptcy in New Jersey doesn't mean that you have to lose everything. However, you should be prepared to give up some of your non-exempt assets. If a judge rules that you can live without it, a trustee might sell it to pay off your debts. What is...
Filing for bankruptcy may have negative consequences for your credit score and overall creditworthiness. However, it may be possible to purchase a home in New Jersey in as little as a year after the discharge of your case. Let's take a closer look at some potential...
