Most people who commute for their job have heard pitches from a debt solution company at some point on the radio. Some companies advertise consolidation, offering to let people cut the interest rate they pay on their credit card balances. Other companies may offer...
Month: July 2020
Unemployment and credit card debt.
NJ Department of Labor is extending NJ unemployment for up to 20 additional weeks. In addition, Congress is discussing a further Stimulus package since the Federal Unemployment runs out end of July. For many people, this income is enough to cover normal living...
What assets can I keep if I file for bankruptcy?
Many people across New Jersey and Pennsylvania fear filing for bankruptcy because they think they will lose everything they own. But there are ways to keep certain assets in bankruptcy. The key is finding the right bankruptcy path for you and properly filing with the...
What happens to franchisees when franchisors file bankruptcy?
When you decided to open a franchise, you selected it based on its strong branding and its reliable likelihood of making a profit. You chose a franchisor that you believed would endure for several years, if not for the rest of your life. Unfortunately, that did not...
Beware bankruptcy and foreclosure scams
Severe debt and the possibility of foreclosure can leave you very vulnerable. This is a prime moment for predatory scammers to take advantage of you. Far too many innocent people have fallen prey to scams related to foreclosure. How foreclosure scams work Scams have...
Retailers throughout New Jersey feel crunch of bankruptcy
With the rise of online shopping and the economic slowdown of the past few months, many brick-and-mortar retail stores have faced a dilemma: how to continue operations with such small profit margins and such large debts? Some companies have found that their best...
Many franchisees in New Jersey are facing bankruptcy
Opening a franchise can be a lucrative endeavor. Many entrepreneurs view franchises as a wise investment, as the quality and popularity of the franchise’s products and services has already been established. A franchise often has widespread consumer awareness, which is...
Brooks Brothers Group, Inc. Files for Chapter 11 Bankruptcy
Brooks Brothers Group, Inc joined a growing list of large retailers forced to file bankruptcy. The Chapter 11 Bankruptcy https://www.bravermanlaw.com/business-bankruptcy/chapter-11-bankruptcy/ was filed July 8, 2020 in Delaware. While the plan is to reorganize, Brooks...
How long does a bankruptcy stay on your record?
Bankruptcy can offer you relief from the overwhelming burden of debt, but it can also impact your finances. Record of a bankruptcy filing will remain on your credit report for years, and the filing will be considered in calculating your credit score. As a result, it...
Mounting medical costs push thousands into bankruptcy
The pneumonia had taken its toll on Mary Cross. It was 2013, and the Detroit woman was struggling enough that she was admitted to the hospital. She underwent lung surgery as a result, and in the course of her treatment was diagnosed with an inflammatory disease known...