When your debts are piled over your head, it’s hard enough to look at the letters in the mail demanding payment and field the messages on your phone. Now, however, debt collectors may soon stalk you in other ways. New rules from the Consumer Financial Protection...
Year: 2020
Getting divorced? Get your own bank account, first
Do you and your spouse share bank accounts, credit card accounts and things of this nature? It’s what a lot of couples do, and it can work while you’re married. If you’re thinking of getting a divorce, though, you want to get your own accounts before you break the...
If you have lost your job, bankruptcy may be the next step
If you have lost your job, you may be worried about how you are going to pay your bills. One of the options could be to go into bankruptcy. If you have no income, the likelihood is that you will qualify for a Chapter 7 bankruptcy. A Chapter 7 bankruptcy is also known...
Is it true that student loans can’t be discharged in bankruptcy?
You’re drowning in debt, so you know that bankruptcy may be in your future -- but the fact that you have huge student loans hanging over your head makes you wonder if it’s even worth it. After all, you’ve heard (more than once) that student loans can’t be discharged....
Will my debts be discharged in a Chapter 7 bankruptcy?
If you are struggling with significant debts, you may be wondering whether filing for bankruptcy could be the right choice for you. Generally speaking, as a private individual you have two options when it comes to filing for bankruptcy: Chapter 7 bankruptcy and...
What if the previous owner does not move out of your new home?
One of the most challenging things people experience when buying a new home is juggling the handover dates to suit everyone in the property chain. You need to vacate your current home by a certain date so the new residents can move, and you need the people in the home...
Worried about the first post-divorce holiday season with your kids? Here are some tips
As a parent, your first holiday season after a divorce can be fraught with worry and stress. You probably still aren’t on the best of terms with your ex, but you want the kids to have good holiday experiences and memories. It’s good to have a plan. Here are best ways...
Business Bankruptcies Could Trigger Personal Filings
Most Americans vividly remember living through the Great Recession and housing crisis that began 2008. The economy collapsed, millions lost their jobs and homes, and rates of both business and personal bankruptcies skyrocketed. The economy eventually recovered, and...
How do the New Jersey family courts set child support amounts?
If there's one thing that parents fear when it comes to divorce, other than losing contact with their children, it is losing a significant amount of their income to child support payments. Despite prevalent myths from people claiming that the state has taken more than...
Why installment loans may be worse than payday loans
Those high-interest payday loans were so financially devastating to consumers who were already struggling that many states -- including New Jersey -- banned them. That merely ushered in a whole new kind of predatory lending known as the installment loan. Marketed to...