Medical debt is often accrued when people need healthcare services but are unable to pay for out-of-pocket costs associated with their care. Such debt can make it very difficult for individuals in New Jersey and elsewhere to reach their financial goals. Nevertheless,...
debt relief
A new bankruptcy bill would allow you to discharge student loans
Under the current bankruptcy laws, student loans cannot be discharged after you file for bankruptcy. However, a new bill aims to help people in New Jersey and beyond who have student loan debt. If this bill passes, it would allow people to discharge their student...
There are options for paying down medical debt
Many New Jersey residents do not have the luxury to shop around or even think about the cost of medical care. After all, after an injury or during a serious illness, the important thing is to get the care that a person or her loved one needs and to worry about payment...
Student loan debt is dischargeable – Kind of
Debt can lead to bankruptcy, and our collective student loan debt is the second biggest form of U.S. household debt. As a country, we currently have over $1.6 trillion in student loans that effects 43 million borrowers. This is triple the amount owed just 13 years...
Bills propose help for student loan debt
Over the last few months, the pandemic and related economic conditions has made it even harder to pay off student loans. Several Congressional bills, however, contain proposals to help pay off student loan debt. $25,000 loan forgiveness Rep. Vicente Gonzalez (D-TX)...
Many are facing medical debt because of unstable coverage
Unstable medical coverage is scary. Those with it are constantly worried about getting sick because, if they do, the amount of medical debt they will incur will financially ruin them. Those in New Jersey are not immune to these fears. The Unstable Medical Coverage...
Can debt collectors take my unemployment benefits?
Times are tough right now. If you or someone in your household is out of work, federal and state unemployment benefits may be just enough for you to get by. Unfortunately, if you have unpaid debts, that may create an extra headache. In some cases, you may have debt...
One more reason to eliminate your debt
There are practical reasons to use bankruptcy to eliminate your debt. Maybe you want to put poor financial decisions behind you. Maybe you just need a fresh start to get back on track. Maybe you know you can never pay it all back, no matter how hard you try, and so...
Bankruptcy myths are all around us
Are you in a financial rut? The current pandemic has led to millions of people dealing with the consequences of unemployment. Add in those who are barely holding on, have had their hours cut, are racking up medical debt, credit card debt, and the divorced, and you've...
People are not buying homes because of student loan debt
Those who are not facing outstanding student loan debt often do not really realize how difficult it is to handle or how widespread the impact is on the rest of the country. It is so bad at this point that it’s keeping students from living the lives they expected or...