Personal Bankruptcy

It may seem like a far-fetched possibility for New Jersey residents, but it is possible that credit scores could affect other issues, such as the possible need for personal bankruptcy. Much of a person's financial situation depends on credit scores and other factors....

The downturn in the economy has continued to cause New Jersey residents financial difficulties. Unemployment is higher in some areas than others. Previously, in an effort to help certain struggling towns, New Jersey created Urban Enterprise Zones. Mount Holly, New...

New Jersey was among the states where the recovery from the recent real estate crisis was slower than in some other states, a recent report notes. In fact, our state increased the number of foreclosure cases some 44 percent since 2012. This is opposed to a drop in...

There is some interesting information for the people in New Jersey. According to a recent report, there were fewer people in our state and across the nation who sought the protections of a personal bankruptcy during 2013 than in the recent past. This was, at least in...

Readers in New Jersey may be familiar with the music of the country group, Montgomery Gentry. The group has appeared at shows such as the 2013 Taste of country Music and has gained fame with their music. Now, one of its members has filed for a personal bankruptcy...

There are several different types of bankruptcy options for people in New Jersey who find that they are unable to repay the debts that they owe. Most often, people choose a personal bankruptcy under Chapter 7 or 13. Each of these has requirements for the process,...

Credit card debt can become overwhelming. Often in a desperate effort to avoid bankruptcy, individuals will borrow against or withdraw their pension or retirement savings to pay down at least some of the debt. In certain circumstances, that can help. But often, the...

Many people in New Jersey and elsewhere took on home mortgage loans over the past few years that were unfavorable. Some of these same people found that they had difficulty making the required payments on their mortgage because of the high rates or the lowered value of...

A current trend in Case Law has increased the circumstances where personal bankruptcy can be used to eliminate student loans.  Typically to eliminate a student loan a debtor must show that they have attempted to make payments in the past, though they cannot make...