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....
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Personal Bankruptcy
5 misconceptions about bankruptcy
What comes to your mind when you hear the word "bankruptcy"? Perhaps you think that filing means all of your debts will be erased or that you will have to live without your car and house. Misconceptions about bankruptcy are common, so it is worth looking at a top few....
Bankruptcy Isn’t About Shame — It’s About Leveling The Playing Field
There is no question that banks and credit card companies want to perpetuate the idea that filing for bankruptcy makes you a loser. Creditors have done all they can over the years to stack the deck against hard-working Americans who often find themselves in debt...
Fewer bankruptcies aren’t necessarily sign of good times
After about a decade of bad news regarding the economy, it is tempting to grab onto pieces of information that might mean there is good news for a change. One bit of information that sounds promising at first listen is that personal bankruptcy filings are down.Yay for...
Study suggests divorcing parties have debt matters to settle
Deception and divorce often come hand-in-hand. Maybe someone misled their spouse about who they were and revealed their true colors after walking down the aisle. Maybe after years of marriage another sexual partner proved too tempting to pass up. Maybe a spouse lies...
Dishonest collections practices costs company $1 M and its names
If you were to get a call, letter or text from a something called National Attorney Service, would you think that party has a legitimate legal affiliation? If you are like many other consumers who have been contacted by that group, you might be intimidated and likely...
Recent spike in New Jersey home foreclosures
As time passes, U.S. homeowners are becoming hopeful that the worst has passed in regards to the economic recession. More specifically, fingers are crossed that fewer people are losing their homes to the foreclosure process. For the most part, that hope is coming...
New Jersey reality stars charged with bankruptcy fraud
Love them or hate them, Teresa and Joe Giudice of The Real Housewives of New Jersey have become famous faces of the Garden State -- at least to lovers of reality TV. But now the infamous celeb couple is making headlines beyond New Jersey.They are charged with various...
Student loan borrowers not looking into all debt repayment plans
By the time someone is in school or finished with school, the pressure is high enough to quick get a job, family and the happy American life one is expected to have after graduation. The stress of paying off student debt can make the building of that desired life a...
Mortgage may be possible after personal bankruptcy
It is a commonly held belief that after someone experiences personal bankruptcy, he or she will never have credit again. This is simply not true. While the process of building up one's credit after bankruptcy takes time, it is definitely possible.In fact, as the...