Debt relief New Jersey

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File Bankruptcy and Be Done Being Scared!

The thought of personal bankruptcy creates fear for many people. But the truth is, there are greater fears that bring you to the brink of filing for bankruptcy. So rather than focus on the fear of bankruptcy, here is a different perspective – file bankruptcy and be done being scared. Let me explain further. Are you scared that your bills [...]

Financial Scammers During COVID-19 – Beware!

Throughout this crisis, we have seen the good in people. We have those on the front lines fighting to protect us. Essential workers are making sure that we have food on our tables. Assistance programs to help us to financially get through it. These are good things. However, we still worry about our health, the health of our loved ones, [...]

Should I take out a personal loan after the pandemic?

Lately, a common question posed to me is, Should I take out a personal loan after the pandemic? This seems like a simple question. As such, my initial reaction is NO. Nobody should take out a personal loan after the pandemic. OR, AT ANY TIME unless they need it and have good reason for taking on the new debt. Truthfully, [...]

Should you use a personal loan to consolidate credit card debt?

When should you use a personal loan to consolidate credit card debt? My knee jerk reaction and response to the question is always: NEVER! But then I take a step back. In some circumstances it may be the best choice. You really have to consider all the facts and the individual’s specific circumstances. Terms of Debt Usually, the lender for [...]

The Corona Virus Pandemic Will Affect Your Finances

The Corona Virus pandemic is a once-in-a-lifetime event. Every hour, there are more developments with no good news currently. Schools are closed, March Madness and other events have been cancelled, businesses are losing customers, and employees are questioning job security. While the government is working on financial relief, nobody is sure how or when it will happen. Nor do people [...]

No-Asset Chapter 7 Cases

What if I have no assets?  Are you considering bankruptcy? Refer to the bankruptcy code to find out which of the different types of bankruptcy you should file. For personal bankruptcy, the bankruptcy chapters you should pay attention to are either 7 or 13. 7 is the bankruptcy chapter involving liquidation while 13 is all about debt reorganization. A Chapter [...]

Automatic Stay in New Jersey Bankruptcy

Debtors get protection from persistent debt collection efforts when they file for bankruptcy under Chapters 7, 11, or 13. These types of bankruptcy trigger “automatic stay”, an injunction that halts all debt collection activities. With an automatic stay in place, creditors and collection agencies must immediately stop all collection efforts. When you file for bankruptcy, you are spared from the [...]

Get Those Numbers Up: Understanding Credit Repair

Your credit scores may be low due to bankruptcy, years of bad spending habits, or accounts in default. You can start taking steps today to repair your credit and improve your financial health. The first thing is to gain an understanding of credit repair. Start With Copies of Your Credit Reports Before you can start working on your credit, you [...]

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