One of the basic objectives of bankruptcy is to provide a new start for debtors. If you're planning to file for bankruptcy, then you must understand the whole process. The role of a bankruptcy trustee is one important subject that raises many questions in bankruptcy...
Year: 2019
Which mortgage is right for you?
A home is the most valuable asset most people will own in their lifetime. However, because a home is one of the biggest purchases people make, it is often not possible for them to buy it up front. In such situations, mortgages make buying a home possible. A mortgage...
Are you worried about your child’s education and your divorce?
Have you spent nights worrying about the impact your divorce could have on your children? Children who have trouble at home often act out in school. Could your divorce do the same? How does divorce affect children’s education? A new UCLA study revealed that...
Wendy Williams’ husband wanting alimony in divorce
Wendy Williams, a prominent television host, filed for divorce from her husband, Kevin Hunter, putting an end to their marriage of 21 years. Before filing for divorce, the couple was living together in Livingston. Because New Jersey is a no-fault state, couples...
Bankruptcy filing can help get rid of medical debt
Many people in New Jersey may not want to apply for a loan because of the penalties that may arise if they default. Sometimes, a debt obligation is unavoidable, like those that are incurred in a medical emergency. Considering the troublesome nature of medical...
Federal tax changes and how they affect alimony
Divorce settlements are never straightforward, and this year, they became even more intricate. The federal government's sweeping overhaul of the tax code reformed many of the calculations that influence divorce. Many New Jersey couples learned this year how tax code...
Bankruptcy is one remedy to get rid of debt
New Jersey residents who have credit card debt may be interested to know that the credit card debt rate in the United States has risen significantly. People often fail to realize the risks associated with uncontrolled borrowing and those who do not plan well may soon...
What happens to credit card debt in a New Jersey divorce?
If you are considering filing for divorce in New Jersey, it is a good idea to sort out your finances as soon as possible so that you can ensure an equitable division of both your assets and liabilities. Most couples are so concerned about dividing their...
Chapter 13 filing may help save your home from foreclosure
A number of debtors lose their houses in New Jersey by failing to pay off debt. Unscrupulous creditors may manipulate borrowers, get an order of foreclosure and dispossess the distressed debtors from their homes. It quickly becomes very necessary for debtors to avoid...
Most Americans see no end to their debt problems
America runs on debt. It is something that most of us have, yet people rarely feel comfortable discussing it with people they know. If you are feeling overwhelmed by your own debt, the comforting news is that you’re not alone. According to a recent survey, more...