New Jersey residents who are behind on their bills know what it is like to have creditors and collection agents calling. Many debt collectors will demand money immediately, using threats and continuous calls meant to harass and intimidate. However, consumers can stop...
Year: 2015
Small business owners also file for Chapter 7 bankruptcy
Some New Jersey businesses are run by one individual doing business as the company. When the company is in financial trouble, the individual is often found liable for the company's debts. Many of these small business owners will file for Chapter 7 bankruptcy in an...
Property exemptions in Chapter 7 bankruptcy
Many New Jersey residents who are overwhelmed by debt want to file for bankruptcy liquidation. However, they might fear that they will have to surrender all of their property to pay their creditors. Fortunately, there are property exemptions for those who are eligible...
Dealing with debt collectors can lead to bankruptcy
Collecting debts is big business, and even though there are federal laws regulating the methods companies are allowed to use, lines are crossed, and it is the consumers who pay for it. In 2013, the Federal Trade Commission (FTC) received approximately 200,000...
Stop wage garnishments attached to your paycheck
New Jersey readers might already know that wage garnishments are a tool often used by creditors to collect debts for which they have obtained a court judgment. A certain percentage of money is removed from each paycheck to cover the the debt. Of course, this process...
Consider filing bankruptcy before filing for divorce
Many sources say that money is one of the primary factors in numerous divorces across the nation -- this most likely includes many couples here in New Jersey. If you and your spouse are having money problems that are leading to divorce, it may be beneficial to slow...
Wells Fargo owes money to some Chapter 13 homeowners
When a New Jersey homeowner is behind on his or her mortgage and is otherwise overwhelmed financially, he or she may turn to the bankruptcy court for help. Filing Chapter 13 bankruptcy often allows homeowners the opportunity to keep their homes while reorganizing...
Organization helps stop harassing phone calls from creditors
This week, the country celebrated those who served in the military by observing Veterans Day. Unfortunately, not everyone shows respect for those who risked lives for this country. An auto lender headquartered outside of New Jersey was recently ordered to refund or...
FTC helps stop harassing phone calls from creditors
New Jersey readers may already be aware that last year, the Federal Trade Commission filed a lawsuit against a debt collection company believed to be using illegal practices to collect money from consumers. That suit not only helped to stop harassing phone calls from...
New Jersey mortgage debt makes it number 1 in foreclosures
It has been several years since the housing market crashed and three years since Hurricane Sandy hit New Jersey. However, the amount of outstanding and delinquent mortgage debt in the state has moved it to the number one spot in the nation for foreclosures. Now that...
