The days of retiring debt free are long gone for many of New Jersey's elderly residents. Now, many worry that their Social Security benefits will be garnished in order to pay their debts. Those benefits may be safe from some creditors, but not all. Filing for...
Personal Bankruptcy
Overwhelmed by debt? Filing for bankruptcy may be the answer
New Jersey's economic landscape remains in a state of flux -- mostly thanks to Super Storm Sandy and the crash of the housing market. Hard working residents struggle every day just to keep their heads above water. Filing for either Chapter 7 or Chapter 13 bankruptcy...
There is life after bankruptcy for New Jersey residents
Some New Jersey residents avoid filing for bankruptcy because they believe that it will completely destroy their credit. However, continuing to struggle with overwhelming debt that they are unable to pay will only make matters worse. There is life after bankruptcy,...
Making the decision regarding what type of bankruptcy to file
New Jersey residents who are struggling with financial problems may decide to file bankruptcy. Before filing, however, it may be beneficial to understand what to expect regarding the process and the fate of certain assets and debts. This information could help in...
Debt collectors can be used to prepare for bankruptcy
New Jersey residents who are having financial issues do not need the added stress that debt collectors induce through harassing phone calls and letters. However, if someone is preparing to file for bankruptcy, debt collectors can be a valuable source of information....
Agreement will stop harassing phone calls from creditors
The Consumer Financial Protection Bureau (CFPB) accused Discover Financial Service's private student loan division of illegal debt collection practices. In New Jersey and elsewhere, the CFPB is the federal agency that helps stop harassing phone calls from creditors....
Bill aims to stop foreclosure for Sandy victims for 3 years
The effects of Hurricane Sandy continue to plague New Jersey homeowners. Many are still not back in their homes and constantly face the threat of foreclosure. A new bill making its way through the state legislature aims to stop foreclosure proceedings for Sandy...
A letter can stop harassing phone calls from creditors
When New Jersey residents get behind on their bills, it can be overwhelming. Creditors and debt collectors begin calling, which only adds to the stress and frustration people who are having trouble with their finances are already feeling. Under the Fair Debt...
Bankruptcy can be complicated
Bankruptcy can be a complicated and paper intensive process. What some people may not realize is that the paperwork requirements begin before the petition is even filed. Every filer -- regardless of whether filing Chapter 7 or Chapter 13 -- must complete a credit...
Woman found a way to stop harassing phone calls from creditors
It is most likely a safe bet that no New Jersey consumer is fond of debt collectors. The practices used by debt collection agencies and other creditors bend -- if not break -- the limits placed on them under the Fair Debt and Collection Practices Act (FDCPA). One...