A New Jersey resident can quickly become overwhelmed by debt after a divorce, job loss, accident or illness. Under these circumstances, filing for bankruptcy may be an easy decision. However, deciding whether to file a Chapter 13 or Chapter 7 bankruptcy -- the most...
Month: February 2015
Divorce and other issues led to David Cassidy’s bankruptcy
Divorce alone can have a devastating effect on anyone's finances -- even those of celebrities. When divorce is coupled with other challenges, filing for bankruptcy may be able to help New Jersey residents get back on their feet financially. For instance, David Cassidy...
Despite low unemployment claims, many still face bankruptcy
Recent reports indicate that the week ending on Jan. 24 saw the fewest unemployment applications since April 2000. However, the data may be skewed by the fact that the Martin Luther King holiday occurred at the beginning of that week. Even though claims dropped to...
Millions are filing for bankruptcy due to medical debt
Medical expenses are often due to unexpected accidents or illnesses. As any New Jersey resident who has experienced a sudden illness or injury can attest, the costs quickly run into the thousands of dollars and higher -- even with medical insurance. By 2013, the...