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July 2012 Archives

Essex County seniors struggle to stop foreclosure

Foreclosure is nothing new for Essex County homeowners as New Jersey residents are still battling to bring an end to these problems. Those who are unemployed, debt-burdened, or low-income are in a particularly tough position to combat the housing crisis, and these are the households faced with trying to stop foreclosure. For many of these households, hope lies in the ability to turn their finances around in the future. Yet some homeowners don't have the same options.

Cancer patient hotline likely to file bankruptcy

For any Essex County business, it is important to make wise decisions for the future prosperity of the business. Even if these decisions seem to be good for the future of a business at the time they are made, though, one cannot always foresee how certain decisions will actually play out. In some cases, financial struggles and even bankruptcy can result when these decisions ultimately don't turn out the way they were intended.

Essex County household debt accumulates, some turn to bankruptcy

In an uncertain economy, overwhelming debt and bankruptcy are a reality for many people. In some cases debt problems can be resolved without bankruptcy, but in others debt can accumulate until it becomes an inescapable problem. When someone in Essex County finds themselves in this situation, bankruptcy protection may provide the best solution.

New Jersey foreclosure scam protection law now in effect

When an Essex County household is faced with foreclosure, it can be a trying time. Many turn to professionals who can help try to stop foreclosure and expect that these professionals will uphold their best interests. Unfortunately in many businesses, including the foreclosure business, this is not always the case. Some individuals face scams, misleading information, and promises that cannot be fulfilled rather than the relief they need when trying to prevent a foreclosure.

High competition often cause of bankruptcy for manufacturers

In any industry, outside competition that drives down prices can cause financial problems for companies who are unable to compete. Recently, companies that manufacture products for the renewable energy industry have been experiencing exactly this. As Essex County residents may know, in the last few years competitive pricing has caused solar manufacturers such as Solyndra and Konarka to pursue bankruptcy, and has brought increasing financial difficulty for others.


At the law offices of Minion & Sherman, our New Jersey bankruptcy attorneys have been providing families with real solutions for more than 20 years.

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