Personal financial strain is not uncommon for today's economy. More and more individuals are faced with mounting debt, harassment from creditors, and bankruptcy. The sad fact of the matter is that no one is exempt from financial pressure. People from every walk of...
For those facing an unmanageable amount of debt, life can be very stressful. While many people view it as an extreme option, bankruptcy may be the best way to get their lives and finances back on track. One New Jersey politician made the decision to file for...
Finding yourself deep in debt can make your life very stressful. You may be receiving constant calls and e-mails from creditors, or be facing a possible foreclosure. Each bill you are unable to pay can leave you feeling overwhelmed under a mountain of debt. This may...
A New Jersey hospital's bankruptcy filing has led to much contention for the local water utility company. According to hospital officials, a plan has been set into motion to repay the past due bill. Although the hospital came out of the bankruptcy with a complete...
In an effort to stop foreclosure on homes in these difficult economic times, the U.S. Treasury's Hardest Hit Fund has been allocated $112 million to help 18 states, as well as Washington, D.C., that have been badly affected by the economic downturn. With financial...
The Urban Enterprise Zone (UEZ) program in the city of Vineland, New Jersey, has reported that two debtors have filed for bankruptcy protection. In addition, it shows a number of other debtors on a delinquency report. None of them are filing for bankruptcy at this...
A number of judges, including at least one in New Jersey, continue to express doubts that foreclosure proceedings have improved since last year. According to one New York State Supreme Court Justice, lenders have not done much to bring procedures up to par. He...
Post Marine Company, a yacht manufacturing company based out of Mays Landing, New Jersey, claimed $5.4 million in debt, and only $1.4 million worth of assets during a recent appearance in bankruptcy court. The company filed for Chapter 7 bankruptcy and will soon be...
New Jersey contractor Joe Wilson believed his invitation to work on a Ridgefield construction project was a good opportunity. However, it's been two years since the project's completion, and Wilson is still owed $300,000 for his efforts. Wilson is one of the 29...
Each quarter, RealtyTrac compiles foreclosure data from across the country. Last week, the company announced the foreclosure numbers for the first quarter of this year. According to their report, the foreclosure rate was down by 44 percent in New Jersey when compared...
