Parents who owe child support should understand the consequences of failing to pay. Aside from potential jail time and license suspension, it can lead to the revocation of one’s passport. Losing a passport over child support could have a significant impact on your...
Purchasing and maintaining residential real property could very well be the biggest financial investment of someone's life. People often save for years to be able to afford homeownership and then devote roughly a third of their income toward mortgage payments every...
Filing for bankruptcy can be a daunting decision, especially when it comes to understanding its implications on your financial obligations, such as your mortgage. When you file for bankruptcy, it initiates a legal process that can impact your debts and assets. Many...
On a daily basis, you might use social media to talk to friends, connect with relatives, entertain yourself and more. Like most people, social media has become a normal part of your daily life. During your divorce, you may wonder if you should continue to use social...
Child support helps many children thrive. Various factors typically determine the amount one parent pays to the other. They include income, custody arrangements and the needs of the child. When a child has a disability, additional considerations may influence the...
In a New Jersey divorce, a Case Information Statement plays a key role in the legal proceedings. This document provides detailed financial information about both spouses, including income, expenses, assets and liabilities. The CIS serves as a comprehensive financial...
When someone falls behind on their financial obligations, their creditors may take legal action against them. Those who have missed credit card payments or who have medical debts they cannot pay off rapidly often worry about how creditors may attempt to collect what...
Filing for Chapter 7 bankruptcy can be a complex process. In Maryland, individuals must navigate the means test to determine their eligibility. The means test assesses your financial situation to see if you qualify for this form of debt relief. Monthly income...
During divorce proceedings, the court may order alimony, also known as spousal support, to provide financial assistance to a lower-earning spouse. Unlike child support, there is no predetermined formula for calculating how much it will be. In New Jersey, specific...
Mortgage insurance is an important factor to consider when purchasing a home in New Jersey. Whether it is necessary or required hinges on the type of loan and factors related to the purchase. Understanding the role and need for this insurance can aid potential...
