Credit card debt is a serious problem for many American households. In fact, Bloomberg reported that the end of 2016, Americans held more than $740 billion worth of credit card debt. Credit cards can be extremely useful, but they can also be dangerous...
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Should small business owners file for Chapter 7 or Chapter 13?
Small business owners face an uphill battle in the marketplace. It becomes even more precarious when there are unkind financial events. For instance, according to federal data, during the Great Recession between 2008 and 2010, the United States lost more...
How filing for bankruptcy affects student loan debt
Many people in New Jersey and throughout the United States are affected by student loan debt. In fact, Forbes reported that as of 2017, over $1.3 trillion of debt was held by 44 million borrowers in the country.Many borrowers manage to make minimum...
Why bankruptcy may be the best option
New Jersey homeowners facing financial difficulties may consider several options to avoid foreclosure. Short sales often come up in discussions of what to do if you are having trouble making your mortgage payments. However, a short sale may come with certain...
Housing options after bankruptcy
Deciding to file for bankruptcy may have provided you with relief from creditor harassment and the constant stress of incoming bills you are not able to pay. You may be wondering, though, how it will affect your living situation.Although you could choose to rent a...
Dealing with the emotions from a bankruptcy
Bankruptcy is designed to help a person start over after a financial devastation, but the reality is that many people who file bankruptcy often feel as if it is a moral failure. Emotions can range from embarrassment to depression. Some even resort to suicide rather...
Private student loans and bankruptcy: Two good things to know
You may have heard that it is nearly impossible to get student loans discharged in bankruptcy proceedings. Generally, this is true, and there are more repayment options with federal loans.However, private loans still come with wiggle room. Read on to find out more....
Foreclosure versus short sale: weighing the ramifications
If you can no longer afford to pay the mortgage on your home, you may be weighing the consequences of proceeding with either foreclosure or a short sale. Before you commit to one course of action or the other, consider the process involved and the tax implications of...
