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...

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...

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...

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...

For most people, the idea of filing for bankruptcy can seem like a financial death sentence. While going through the bankruptcy process is never easy, bankruptcy is for people who want to eliminate substantial debt and get their financial lives back on track – which...

While you realize that bankruptcy is the most favorable option for your financial health, you may still feel uneasy about filing. You want to put it all behind you and rebuild your financial house, and you know working on your credit score is a good place to start. ...

When you file bankruptcy, the court will issue an automatic stay. According to Cornell Law School, this is a hold that goes in place to prevent creditors from trying to collect debts from you. The automatic stay helps to keep your case organized because it stops...

When you file Chapter 7 bankruptcy, the court will liquidate or sell your assets to repay your debts. While this may seem alarming, the good news is that the law allows you to exempt some of your property, which means you get to keep it and the court cannot take it...

When your finances spiral beyond your control, you may start exploring your options, and one such option might include filing for bankruptcy. Unless you have enough income at your disposal to pay back some of what you owe, you may prefer to file for Chapter 7...

Coming to terms with the fact that your financial hardships will require significant intervention to correct may leave you feeling discouraged and uncertain. Fortunately, if you choose to file for bankruptcy in New Jersey, your decision does not mean you will never be...