Bankruptcy for Taxi Drivers

In my last blog, I wrote about how technology contributes to bankruptcy. That blog is an overview of two basic themes. First, that technological advancements can destroy certain industries, thus potentially taking away one’s livelihood virtually overnight. Second, certain technology tools and Apps can lead to financial trouble. So, in keeping with this theme, today I am writing about how [...]

2021-09-03T17:22:18+00:00Bankruptcy|

Technology Contributes to Bankruptcy

As the world turns, technology continues to evolve at an astonishing pace. For example, artificial intelligence, robotics, and virtual reality are now part of our business processes. Obviously, these advances are designed to improve efficiency in the production of goods and services. They also improve quality while reducing costs. Who doesn’t want cheaper and better goods and services? Sounds great [...]

2021-09-03T10:07:21+00:00Bankruptcy|

Millennials and Bankruptcy – It’s Real

For years, millennials have gotten a bad rap. They're described as entitled, impulsive, restless, and wild. On the other hand, loyalists, fearless, wiser, and strategic are also words synonymous with this generation. What does this have to do with millennials and bankruptcy? No Shame As I have had consults with more millennials than ever over the last year, I can [...]

2021-08-22T11:49:09+00:00Bankruptcy|

Federal Moratorium on Evictions to Expire

In April, I wrote a blog with the title New Jersey Law Journal – 194,000 Eviction Cases by Next Year. Well, the federal moratorium on evictions will expire on Saturday, July 31. However, there is potentially good news for New Jersey tenants because New Jerseyans behind on rent are protected from lockouts for a longer period depending on their income. [...]

2021-07-29T19:53:39+00:00Bankruptcy|

Dismissal of Your Bankruptcy Case

In my previous blog, Bankruptcy Dismissal vs. Bankruptcy Discharge,  I explain these two important bankruptcy terms. Regarding dismissal, I wrote …bankruptcy filings end up being dismissed or closed by the bankruptcy court. This can happen under three circumstances. First, when you choose not to proceed with your bankruptcy case. Two, you are not able to comply with all the requirements. [...]

Uncovering the Root Cause of Your Financial Problems with the 5 Whys

The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem. —Suze Orman You're finally done! Your bankruptcy is discharged! Before we move forward, let’s put something into perspective. Bankruptcy is basically like a bandage for your debt problems: It can help stem the bleeding and give you the time [...]

2021-08-24T11:03:54+00:00Bankruptcy|

3rd Stimulus Payments Are on the Way

There is good news for millions of Americans with financial hardship. The next round of stimulus payments is on the way. Stimulus money is showing up in bank accounts and checks will soon be arriving in the mail. However, there is also some bad news. Unlike the first two rounds of stimulus, this round is not safe from creditors. In [...]

Mortgage Forbearance, Loan Modifications & Refinancing

I came across an article on Yahoo Finance about mortgage payments during the pandemic. The title of the article is Joe Biden just gave homeowners an even longer break from mortgage payments. Basically, the article discusses the extension of the government’s mortgage forbearance program. This program was put in place so people can keep their homes during the COVID-19 financial crisis. Please refer [...]

Fair Debt Collection Practices Act and You

What is the Fair Debt Collection Practices Act? Why do you care? Or why should you care? The answer is quite simple – the Fair Debt Collection Practices Act protects you, the consumer. Also known as FDCPA, this Act was created by the Federal Government to protect people from unscrupulous collections agencies and debt collectors. Basically, the FDCPA aims to [...]

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