One of the benefits of receiving a bankruptcy discharge is that a debtor no longer owes the debts that are wiped clean by the court. However, occasionally, a creditor will contact a New Jersey resident regarding a debt that was discharged in the bankruptcy. When this...
Personal Bankruptcy
Certain tax debts can be discharged through Chapter 7
By the time a New Jersey resident has filed for bankruptcy protection, his or her debts have usually reached a level that is insurmountable. Those debts may include a mix of credit cards, loans, utility bills and even tax debt. Most people are aware that discharging...
Bankruptcy can eliminate student loans for some filers
Millions of people around the country, including many here in New Jersey, carry student loan debt. In the aftermath of the recession and collapse of the housing market, many people find it increasingly difficult to make payments on their student loans and other debt....
Consumers can stop harassing phone calls from creditors
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...
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...
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...
Bankruptcy myths may deter consumers from filing
New Jersey consumers who find themselves with mountains of debts may be overwhelmed by the many suggestions by friends and family who are eager to give advice on how to remedy the situation. One of the options -- and possibly the most effective one -- is personal...