Every day, New Jersey residents struggle to make ends meet and pay their bills. Yet, many of them do not think about filing bankruptcy because they have misconceptions about the process and may fear what it means for their futures. Some people even think that filing...
Year: 2014
What happens after bankruptcy?
In the past, people were supposed to be ashamed of filing for bankruptcy. Fortunately, filing for bankruptcy has become more acceptable -- especially since the recession. Unfortunately, this acceptance has not eliminated misconceptions about life after bankruptcy....
New Jersey legislature may help stop foreclosure on some homes
Most New Jersey residents are keenly aware that the devastation caused by Superstorm Sandy continues to wreak havoc on people's lives. In response, the New Jersey legislature is working to temporarily stop foreclosure on homes that were damaged in the storm. If the...
People near bankruptcy became victims of debt relief scheme
The Consumer Financial Protection Bureau (CFPB) takes complaints from consumers about financial institutions and their products. This includes consumers here in New Jersey and around the country who are dealing with debt relief companies, creditors and collection...
New Jersey man’s mortgage debt wiped out by judge
A New Jersey man facing foreclosure decided to fight his mortgage lender in an effort to keep his home. Recently, the judge decided that the lender was not entitled to proceed with the foreclosure because it waited too long to pursue an action to collect the mortgage...
More seniors may be eligible to file bankruptcy than in the past
As New Jersey residents age, they are taking more and more debt into retirement than in the past. Some of those people are not able to pay the debts that have followed them into their later lives. As a result, it is possible that more seniors are eligible to file for...
Stop harassing phone calls from creditors
Debt can be an overwhelming burden for any New Jersey resident. It is difficult enough not to be able to pay the bills, but then creditors and collections agents begin calling. Your hardship does not matter to the voice on the other end of the line -- he or she is...
Keeping a secured piece of property in a Chapter 7 bankruptcy
Filing for bankruptcy in New Jersey can cause a great deal of trepidation when it comes to being able to keep your furniture, television and other items. In a Chapter 7 bankruptcy, you are permitted to keep property that falls within certain exemptions. However,...
Is debt settlement an alternative to bankruptcy?
At the end of last year, Americans carried nearly $11.63 trillion in personal debt. Sources indicate that the average amount of credit card debt is over $7,000. When the debt becomes overwhelming for New Jersey residents, several debt relief methods are available,...
Bankruptcy could be a solution for overwhelming debt
In 2012, the Network Branded Prepaid Card Association and the National Foundation for Credit Card Counseling conducted a survey that revealed that nearly four out of every 10 people in this country have credit card debt. Many of them struggle just to keep up with the...
