Newly released census data indicates that 998,549 people in New Jersey are living at or below the poverty rate last year. The 11.4 percent poverty rate makes the state one of three that experienced an increase. This could mean more people will file for bankruptcy....
Month: September 2014
Credit card issues that can lead to bankruptcy
It can be easy to get into trouble with credit cards. In many cases, the recession put many New Jersey residents in the position of having to use their credit cards in order to stay afloat. Even if your financial situation has improved, the debts created during a...
Qualifying for a Chapter 13 bankruptcy
When a New Jersey resident decides to file for bankruptcy, the next step is to determine what type of bankruptcy to file. Consumers most often file either Chapter 7 or Chapter 13. Both chapters have certain requirements, which often help make the decision of which to...
New Jersey residents still dealing with unpaid mortgage debt
Even though it has been several years since the housing market crashed, new foreclosures are still being filed here in New Jersey. Homeowners who may still be dealing with unpaid mortgage debt and facing foreclosure are filing some papers of their own. Homeowners seem...