While it can help you get a handle on debt, filing for bankruptcy does have a negative impact on your credit score. While bankruptcy will stay in your credit history for a number of years, there are steps you can begin taking right away that will boost your credit...
Blog
Month: May 2019
How to slow or avoid foreclosure
Purchasing a home in New Jersey is an exciting experience. Unfortunately, medical debt, loss of employment and other changes to a person’s financial status can lead to foreclosure. Many people facing a foreclosure may believe their banks are eager to evict them...
Bankruptcy may only delay – not derail – home ownership dreams
One common misconception causes debtors who could really benefit from bankruptcy relief to delay or shun filing for Chapter 7.Many consumers mistakenly believe that filing for bankruptcy precludes their ever qualifying again for a mortgage. While it's true that...
What are New Jersey’s homestead exemptions?
Most states have homestead exemption laws that prevent homeowners from losing their homes in bankruptcy by protecting all or some of the equity in their primary residences. Unfortunately, New Jersey has no such laws. Instead, residents of The Garden State who want to...
