Quick Answer: While it is perfectly legal and is an important part of our economic system, bankruptcy still carries a stigma for many people. Interestingly, this perceived stigma is often directed at themselves but not at other people – put another way, while many people don’t judge others for filing for bankruptcy, they may not…
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Quick Answer: Filing Bankruptcy in Pennsylvania Many people who are experiencing financial problems are unsure when the right time may be to file for bankruptcy. Some people do not believe their overdue debts are “bad” enough to file and may wait too long, while others may file too soon and not predict some issues with…
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Quick Answer: When you think of businesses filing for bankruptcy, you may likely think of small, family-owned boutiques and small businesses that could not compete with big name retailers. However, large corporations are certainly not immune from financial troubles, especially in this changing economic climate, and many large companies in and around New Jersey have…
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Quick Answer: If you have experienced an illness, injury, loss of a job, or another life event that has caused you to fall behind on your mortgage, you may believe foreclosure is inevitable. However, in many cases, there are ways that an experienced mortgage attorney can help you get back on track with your payment…
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Quick Answer: If used wisely, credit cards can allow you earn reward points, finance vacations or large purchases for 0%, or other beneficial financial maneuvers. However, many people use credit cards irresponsibly and for the wrong reasons, such as to buy things they cannot actually afford. While credit cards can seem to help you stay…
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Quick Answer: What you Should Know as a Landlord While the year is not even halfway over, many major national retailers have already filed for bankruptcy in 2016. Some of the more familiar names involved in this corporate bankruptcy trend include Aeropostale, Sports Authority, PacSun, Fairway Market, and Vestis Retail Group, which operates chains Sport…
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Quick Answer: A case recently decided by a New Jersey tax court has clarified that environmental contamination can be considered when determining a property’s true market value for tax purposes, even if it possesses a “value in use” to the owner. This decision is significant, because it is contrary to the existing rule that commercial…
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Quick Answer: Motorcycles are motor vehicles just like cars and trucks and motorcyclists are, therefore, expected to abide by all of the traffic regulations set out by their state. In addition, there are some laws that specifically apply to motorcyclists that do not apply to other drivers. These laws generally exist because of the significant…
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Quick Answer: Bankruptcy can solve many different financial problems as it allows you to wipe much of your debt out and start over with a relatively clean slate. Following a bankruptcy, many people go on to succeed financially and retain control of a realistic budget. However, in some situations, an unexpected event can result in…
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Quick Answer: Getting approved for a mortgage and purchasing a new home is a huge milestone for many people and is often cause for celebration. Your approved mortgage payment should be affordable based on your income and existing debts. Unfortunately, many events can occur that can make you unable to keep up with a once-affordable…
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