You Deserve A Fresh Start
One common bankruptcy myth is that, to satisfy your creditors, you will forfeit most of your property during proceedings. Yet, both federal and state bankruptcy exemptions aim to prevent this outcome. These exemptions allow you to keep certain possessions of yours, so...
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...
Paying down credit card debt can be challenging, it takes discipline and diligence. However, for divorcing couples things get more complicated if that credit debt was accumulated during marriage After years of joint credit cards, authorized users, spending limits and...
Whether you are facing the prospect of bankruptcy or you have recently filed, it is likely that credit card debt plays a large part in your financial future. For many, credit cards represent a safety blanket: a money reserve to be used for emergencies. Unfortunately,...
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)...
People are struggling now more than ever to make ends meet. As your credit card debt increases and creditors start calling, you may wonder what your options are. It turns out that both Chapter 7 and Chapter 13 bankruptcy are legitimate possibilities. Both forms of...
Bankruptcy offers many ways in which a financially strapped family in New Jersey can defend itself from the efforts by creditors to collect on delinquent accounts. One of the most powerful protections is offered by the simple act of filing the petition. Under the...
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...
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...
As someone who is struggling with debt on your credit cards now, you’re frustrated. You were told that using credit cards was the best way to build your credit and believed that you would be able to handle the small payments each month. You didn’t realize how much the...
