Financial hardship is no joke. Individuals facing financial difficulties experience a level of stress that is unparalleled. Depending upon an individual's circumstances, a good option for debt reduction is to file for bankruptcy. According to a recent New Jersey survey, a total of one in eight Americans have considered filing for bankruptcy at one time or another.
Personal financial strain is not uncommon for today's economy. More and more individuals are faced with mounting debt, harassment from creditors, and bankruptcy. The sad fact of the matter is that no one is exempt from financial pressure. People from every walk of life can be plagued by bankruptcy and personal debt. In fact, a respected New Jersey judge is now engaged in a battle with creditors who say he owes them millions.
For those facing an unmanageable amount of debt, life can be very stressful. While many people view it as an extreme option, bankruptcy may be the best way to get their lives and finances back on track. One New Jersey politician made the decision to file for bankruptcy when she lost her home to foreclosure and found herself buried under seemingly insurmountable debt.
Finding yourself deep in debt can make your life very stressful. You may be receiving constant calls and e-mails from creditors, or be facing a possible foreclosure. Each bill you are unable to pay can leave you feeling overwhelmed under a mountain of debt. This may have been the case for the owners of a New Jersey home.