When considering the benefits of bankruptcy, having a solid preparation plan can make all the difference. Working with a seasoned bankruptcy attorney helps you explore all debt relief options and determine whether Chapter 7 or Chapter 13 is your best path forward....
We talked earlier this year about the Biden administration’s plan to remove medical debt from Americans’ credit reports. As we noted, the Consumer Financial Protection Board (CFPB) has been working on a new rule that would implement that change. Currently, the CFPB...
One of the reasons people delay filing for bankruptcy is the impact it has on credit. People generally lose their revolving lines of credit and see their credit scores drop by three points when they initially file. However, those drastic consequences are only...
Debt is challenging financial reality that many people face. Unfortunately, most people assume that poor financial decisions are the primary cause of debt. In reality, life’s unpredictability can often be the real culprit. Certain major life events can lead to...
Medical bills in this country keep rising – and they can financially overwhelm almost anybody. If you’re dealing with an unexpected hospital bill (or one that was just unexpectedly high) there are several things you can do to try to lower or manage the bill. These...
Healthcare in the U.S. isn’t free. While comprehensive insurance programs can cover a lot, they do not necessarily cover everything. What this means is that a significant number of people end up in medical debt. Some procedures are much more expensive than others....
Under New Jersey law, a lender that wants to foreclose has to send the debtor a notice of intent (NOI). This indicates that a foreclosure is coming in the future, providing information to the borrower and also giving them a timeline. For instance, after receiving the...
Sometimes, people get in over their heads financially due to a lack of resources or education. They may have been unaware of that balance transfers can lead to a large amount of interest applied to an account all at once, for example. Seemingly minor financial...
High prices on everything are a common woe among many Americans. In recent years, many families have seen their grocery bills double and have made sacrifices to make ends meet. With so many people already living paycheck-to-paycheck, you may wonder if more people are...
One of the many reasons that people avoid personal bankruptcy is concern about what it may mean for their credit. Their current financial struggles may have damaged their credit, but they worry that bankruptcy could do irreparable damage. Bankruptcy does have a strong...
