If you are considering the serious financial option of bankruptcy, you may be plagued with outdated stereotypes about what it means to go bankrupt. While there can sometimes be a serious stigma attached, this is foolish: quite a few wildly successful businessmen and even Presidents have gone bankrupt in their time. While it’s not the…
According to statistics published by the AARP, employers in New Jersey fail to supply about 1.7 million workers with access to a retirement plan. Acknowledging the importance of retirement savings for individuals and society as a whole, NJ legislators passed the Secure Choice Savings Plan Act. This bill requires private sector employers with 25 or…
In the difficult situation of needing to file for bankruptcy, it may be hard to decide which chapter of filing is best for you, especially if you qualify for both Chapter 7 and Chapter 13. Often, filing for Chapter 7, the liquidation option, can be more practical than Chapter 13, the reorganization option. Read on…
Maybe you had an unexpected expense or perhaps you lost your job. Whatever the reason, you are now behind on your payments for your mortgage, car, credit cards, or a previous loan. While you might be trying your hardest to catch up, the companies you owe may be too quick to transfer your information to…
In a discouraging new survey, New Jersey has remained at the top in the United States for number of foreclosures in the third quarter of 2015, with Florida coming just behind. In data released by RealityTrac, a California-based housing analyst firm, New Jersey has had 1 in 171 houses file for foreclosure this quarter, more…
It’s hard to consider the possibility of a serious illness or the struggle of recovering from an injury, let alone contemplate the financial responsibility that comes with such issues. Its bad enough being hurt or in pain, but to top it off with a huge medical bill or a zeroed bank account from missed work…
Are you confused about the dissimilarities between Chapter 7 and Chapter 13 bankruptcy? Read this comprehensive guide that outlines the disparities between the two and provides valuable insights for your decision-making process.
As a New Jersey resident, there are ways to save your home from foreclosure when you’re staring down a mountain of debt. To help save your house and your sanity, a loss mitigation program may be exactly what you need to keep your home while getting out of debt and turning your financial life back…
Companies can use bankruptcy as a last resort, after spending years working to regain their original financial status after a failed investment or an economic downturn. However, businesses also use bankruptcy as a way to avoid financial or legal obligations. Those in this situation can file for Chapter 11, which will reorganize funds and help…
In one episode of hit show The Office, the company manager was falling deeply in debt and in an attempt to quickly rectify the situation, shouted across the room: “I declare bankruptcy!” As the rest of the characters knew, and most of us do too, that’s not quite how it works. There are a few…
