Have you ever met someone who says they have never owned a credit card, never taken out loans and never spent more than they have? If they have never owed anyone money in their life, they have done well. Yet, unless you have a particularly high income, or inherited...
Consumers overwhelmed with debt in East Orange, New Jersey, may file for bankruptcy, a legal procedure to remove certain debts. There is a misconception that student loans cannot get discharged in bankruptcy. However, it is possible to get student debt discharged...
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 people in New Jersey and around the United States owe thousands of dollars in student loan debt. There have been talks among politicians that have included forgiving up to $50,000 worth of this debt. Student loan forgiveness is crucial for low-income families for...
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...
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,...
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...
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...
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...
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)...
