Even with the downturn in the economy, many people in New Jersey are still made to feel guilty if they are unable to meet their financial obligations. Many people feel they should be ashamed that they aren't paying their bills and have filed for bankruptcy protection. On the contrary, filing bankruptcy may have been the best and most responsible decision a consumer could make to deal with his or her financial situation.
Most Americans have debt these days - it's really only a matter of how much and whether each individual has the capacity to pay it. In today's economy, more and more people are simply unable to do so. Understandably, many New Jersey residents don't want to talk about their debt and how tough things are for them. However, being able open up about debt, bankruptcy, and tight budgets may help relieve some of the stress debt creates.
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 have been the case for the owners of a New Jersey home.
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 resettlement plan within one year of its 2009 filing, negotiations over back water and sewer payments have continued.
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 stage, and some are working with the Vineland to map out their repayments.