you have been struggling financially for a long time now, you may be wondering how you will know when it is time to seek bankruptcy protection. Although no two situations are the same, below are some of the top reasons you should consider filing a Chapter 7 or Chapter...
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Seniors can Save Assets by Filing Bankruptcy
If you are retired and creditors are calling, it may be time to consider filing a personal bankruptcy. If your income is at a set amount and you see your debt is increasing, it can feel hopeless. However, filing for bankruptcy protection can allow you to gain control...
Setting the Record Straight about Bankruptcy
Many people think that a person who files bankruptcy is somebody who couldn't control their spending. While this may be true in a very small percentage of the filings, most Chapter 7 or Chapter 13 cases are filed due to circumstances that were beyone their control....
Negative Events & Your Credit Report
Your credit report gives creditors a comprehensive view of your financial status. It includes notations of the timely payments you have made and the loans you have paid in full, but it also includes notations of all negative financial events that have occurred in your...
Could a Loan Modification Save Your Home?
New Jersey has consistently been ranked as one of the states with the highest rate of foreclosure in the nation. Many of the troubled mortgages relate back to the financial crisis of 2008. Homeowners were sold mortgages with adjustable interest rates, interest-only...
Why a Bankruptcy Attorney is Better than a Debt Relief Company
When you are struggling to pay your bills, you are looking for every way possible to save money. However, if you are not careful, you can become the victim of a scam and end up losing much more than you thought possible! Thus, if you see an advertisement that makes...
Why you SHOULDN’T Avoid Bankruptcy
It common for people to think they should do everything in their power to avoid filing for bankruptcy protection. However, according to a report by the Federal Reserve Bank of New York (FRBNY), this is often a very costly mistake. Businesses get it. They understand...
Post-Bankruptcy Credit
When you emerge from a personal bankruptcy and the overwhelming burden of your debt has been lifted, you can relax some. However, it is important that you don't fall into the trap of thinking that your work is done. As soon as possible, you should begin rebuilding...
Can I Protect my Tax Refund in Bankruptcy?
If you are planning to file a personal bankruptcy and you are expecting a tax refund, it is essential that you confer with us as soon as possible. This blog will provide general guidance, but it is important to let us review your individual circumstances and determine...
Could Your Credit Card Interest Rate Cause Bankruptcy?
You have probably heard that credit card debt is one of the main reasons people have to file for bankruptcy. What you may be surprised to learn is that the actual debt may not be the cause as much as the interest that accumulates on the debt! If you are somebody who...