In one year during this decade, one tech provider estimated that as many as 1.25 million Americans filed bankruptcy petitions. That number was actually a decrease from the 1.38 million the prior year.Despite the popularity of the strategy to get out of the deepest...
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Is a Chapter 13 bankruptcy the answer to your financial woes?
If you are considering filing for bankruptcy protection, Chapter 13 offers the opportunity to keep your home out of foreclosure and also hold onto other significant assets.While most Americans tend to gravitate toward Chapter 7 bankruptcies, which wipes out most...
When should you consider bankruptcy as a small business owner?
When your business is in financial trouble, you have to do everything you can to bring it back around and get it back on its feet again. That's why so many entrepreneurs are willing to take big risks like personal debt to ensure they keep their doors open....
Will the housing market destabilize once again in 2017?
With the departure of President Obama, so goes his fledgling Home Affordable Modification Program. The much-maligned government program was an attempt to keep borrowers at risk of foreclosure in their homes.However, HAMP participation was voluntary for lenders —...
With Trump, will predatory loan practices increase?
As we bid farewell to outgoing President Obama and his often consumer-friendly policies and herald the new Trump administration, it's a good time to consider the changes President Trump may make to the Consumer Financial Protection Bureau.As America's fledgling...
Should you file Chapter 7 in 2017?
It's a new year, and for some, it's a good time to file for bankruptcy to get out from under unmanageable debts. The type of slate-clearing bankruptcy many debtors seek is Chapter 7.Individual debtors may qualify for filing under Chapter 7, but a means test is...
How to manage credit card debt
Credit debt is an ongoing problem for many people in New Jersey. Ignoring the problem will not make it go away. If you are struggling to make minimum payments, you should learn more about your options. Assess your financial situation Evaluate your financial situation...
New law on student loan debt forgiveness takes effect
It's a nightmarish scenario -- grieving parents struggling to cope with the loss of their sons and daughters while being dunned to pay back the student loans they co-signed to further their now-deceased children's educations.Finally, New Jersey state lawmakers made a...
Try new debt-reduction strategies in 2017
If your New Year's resolutions include resolving old debts, keep reading. According to the Federal Reserve, almost half of households in America can't pay off their credit card bills each month. The combined debt figure tops $800 billion owed to plastic accounts.That...
Stuck paying off Christmas debts at Easter? Say no to credit
Did your credit cards really get a workout this holiday season? All that holiday debt can make the celebrations less merry and bright, as consumers struggle to pay down these debts far into the new year.One survey showed that over 25 percent of American consumers get...
