New Jersey personal bankruptcy can discharge debts

There are many reasons that people in New Jersey decide that they need to file for a bankruptcy. These include the high debts that some have accumulated over the past few years during the recession. When the amount that is owed is more than a person can repay, they often find that a personal bankruptcy can help.

That is the case for one famous celebrity. Dionne Warwick has been in the public eye for many years. She worked in music, film and television. Now she is facing a personal bankruptcy after reports say that her money was mismanaged by a person working for her. In fact, she was recently listed on a chart detailing the celebrities with the highest amount of debts owed to tax authorities.

The singer recently filed for a personal bankruptcy in her home state. In the petition, she said that she earns just $20, 950 per month. This is offset by her expenses of $20,940 per month, leaving her just $10 each month to live. The income is lower, the singer says, because she does not perform as often as she did in the past due to her advancing age and other factors.

Filing for a personal bankruptcy is a decision that is never easy for people in New Jersey. However, when debts become overwhelming, it can be a good choice. This is because many of the unsecured debts owed by a person can be discharged in the process, leading to the ability for people to begin a fresh financial start, free from overwhelming debts that they have accumulated.

Source: Rolling Stone, "Dionne Warwick Files for Bankruptcy," Kathy Iandoli, March 25, 2013

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Get Our Help Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Cherry Hill Office
1060 North Kings Highway,Suite 333
Cherry Hill, NJ 08034

Toll Free: 800-759-0767
Phone: 856-254-2196
Fax: 856-414-1230
Map & Directions

Philadelphia Office
Suite 1505
1515 Market Street
Philadelphia, PA 19102

Toll Free: 800-759-0767
Phone: 215-928-9199
Map & Directions

Willingboro Office
200 Campbell Drive
Suite 103F
Willingboro, NJ 08046.

Toll Free: 800-759-0767
Phone: 856-254-2196
Map & Directions

Philadelphia Office
7909 Bustleton Avenue
Philadelphia, PA 19152

Toll Free: 800-759-0767
Phone: 215-928-9199
Map & Directions