Unless you have committed fraud, they are dischargeable.
As bankruptcy attorneys who have helped thousands of people get debt relief through bankruptcy, we know that many people fear filing for bankruptcy because of myths and false misconceptions about what bankruptcy can and cannot do. In actuality, there are more benefits to filing bankruptcy than you may think. Below, we dispel 5 of the common bankruptcy myths.
When you make financial plans for yourself, one of the last things that you would expect to drag you under are surcharges for motor vehicle violations. Sadly, it is a reality for many New Jersey drivers to experience the wrath of the point system administered by the New Jersey Surcharge Violation System (NJSVS).
No one has ever accused a creditor of being patient and understanding. To the contrary, stories of aggression, harassment, or hostility are the norm. If you have been trying to pay your debts, but continue to be on the receiving end of notices, threats, and collection efforts, you need a break. In fact, if you are reading this, it is because you are looking for solutions to this very real problem.
If you are struggling with debt, you are not alone. As bankruptcy attorneys who have guided clients through the bankruptcy process for three decades, we have seen a great many people find themselves unable to keep up with debt and interest payments. Unfortunately, many people choose to allow these struggles to continue for far too long, unaware of the benefits and relief that bankruptcy offers. We want you to be aware that there are legitimate reasons to file bankruptcy now.
Creditors can be relentless and ruthless when it comes to collecting on debts. They use every tool at their disposal, including letters, phone calls, and social media harassment. This takes a great mental toll on people struggling to repay their debts. Unfortunately, some debtors find themselves in the difficult situation of seeing their wages garnished for the benefit of a creditor.
There isn't a person in this country who wants to have a serious medical condition, suffer a traumatic injury, or require ongoing medical treatment. Beyond the physical and emotional tolls that come with medical ailments, medical care is expensive. In fact, medicine and medical treatment is routinely more expensive in America than anywhere else. Even with insurance, medical debt can quickly spiral out of control for anyone and can become completely unaffordable.