Foreclosure is nothing new for Essex County homeowners as New Jersey residents are still battling to bring an end to these problems. Those who are unemployed, debt-burdened, or low-income are in a particularly tough position to combat the housing crisis, and these are the households faced with trying to stop foreclosure. For many of these households, hope lies in the ability to turn their finances around in the future. Yet some homeowners don't have the same options.
The Garden State has some famous firsts and some famous people. New Jersey is the site of the first baseball game. We're known for our boardwalk and beaches as well as our sweet corn and salt water taffy. Our famous people include Bruce Springsteen, Frank Sinatra, Bon Jovi, Buzz Aldrin and "The Sopranos." Our famous people also include the "Real Housewives of New Jersey."
With the national economy still ailing and so many people out of work, West Caldwell residents have been hearing a lot about bankruptcy recently. But it is not just your friends and neighbors who are filing - the economic woes of the past few years have hit people of all economic stripes, including reality TV stars.
The current dismal job market and floundering economic climate are affecting households all across the U.S. Many people in New Jersey are relying heavily on credit cards to make ends meet and so end up facing substantial debts. Couples who get too deep into credit card debt can feel like there is no way out. The good news is that there are a number of ways for people who are faced with financial difficulty to get their checks and balances back into fighting shape - and bankruptcy is one such option.