Mental Health and Money

I read an article in Real Simple Magazine last year that stuck with me, Your Most Complicated Money Feelings, Resolved. I know that mental health and money can go hand-in-hand.   The opening line reads: Money can be emotional. Experts say the first step in sorting out your finances is sorting out your feelings. The article goes on to address [...]

2021-02-04T18:46:40+00:00Bankruptcy|

High Unemployment & Consumer Confidence – What Gives?

Unemployment is at record highs. Consumer bankruptcy filings are at historic lows. And consumer confidence is high. What is going on? A recent episode of The Indicator from Planet Money and NPR sheds some light on the situation - check out Why Consumer Confidence is So High. People thought the pandemic was going to be as bad as the Great Depression [...]

Bankruptcy Chapter 7, 11 & 13 in NJ

Bankruptcies are legal proceedings that allow insolvent debtors with large amounts of debts to have a fresh start. While filing bankruptcy is a legal way for people to wipe out their unsecured debts and obtain debt-relief, not everything is wiped out. One of the benefits of filing a bankruptcy petition includes bankruptcy protection as follows: Stops creditors from collecting or [...]

2020-11-10T17:44:47+00:00Bankruptcy|

You Qualify for Chapter 7 Bankruptcy, But Is It Your Best Choice?

Chapter 7 is the most common consumer bankruptcy. This bankruptcy type resolves debt under federal court protection. Unsecured debts, or those with no collateral, are often forgiven. Generally, credit card debt, personal loans, and medical bills are covered, but back taxes, student loans, and alimony and child support are not. Due to credit reports, it will be harder to get [...]

2020-09-22T08:34:06+00:00Bankruptcy|

What Happens to Your Personal Properties and Investments After Bankruptcy?

When declaring personal bankruptcy, one of the filer’s main considerations is his or her willingness to give up certain properties and assets. Although retaining a property such as a home, car, or certain investments would depend on the type of bankruptcy filed whether it was under a secured or unsecured debt, this post gives you an overview of what to [...]

2020-08-10T05:44:31+00:00Bankruptcy|

Post-Bankruptcy Car Loan Scam! Reaffirm Instead!

I am always amazed how low some organizations can be when preying on people who have filed for bankruptcy. A client recently passed along a solicitation letter that she received in the mail. It is an obvious post-bankruptcy car loan scam. Basically, this letter says that once you file for bankruptcy, all your creditors will stop reporting activity on lines [...]

2020-07-24T14:22:14+00:00Bankruptcy, Chapter 7|

Is DocketBird a Scam for Bankruptcy Filers?

It has come to my attention, that clients feel like they are being scammed by an outfit called DocketBird. According to their website, DocketBird is the most advanced, user-friendly application for accessing federal court case information. Basically, it appears the they mine data from PACER (Public Access to Court Electronic Records) for their customers. PACER, an official website of the [...]

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