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.
For your information, the following is my original blog on this subject.
New Jersey Law Journal – 194,000 Eviction Cases by Next Year
Well, I received the following email subject line in my inbox last week, Looming Crisis’: NJ Courts Brace for Impact of 194,000 Eviction Cases by Next Year. The email was an article from the New Jersey Law Journal.
While I am not surprised, as I’ve been cautioning about riding the wave of government help and not seeking real help for your financial situation, it is a frightening statistic.
If you were living paycheck-to-paycheck, only able to pay the minimum balance on your credit card debt, and using credit cards to pay for your basic necessities before the pandemic, NOW is the time for you to talk to a professional. Don’t add eviction stress to the pile.
It Is Time To Act
Although I am a bankruptcy attorney – I don’t urge clients to file bankruptcy unless they must. I also help with debt settlement (the ethical version of debt consolidation), debt relief, and solving your debt problems.
Dealing with your financial woes is not shameful. Ensuring you and your family are financially secure is the smartest thing you can do.
Stop ignoring your debt – it will not go away on its own. Think about what is in your best interest in the long run.
Ask yourself these questions:
Should all “extra” money be directed to paying off your debt?
Should you incur new debt?
If you are uncomfortable with the amount of debt you have, and you may be facing eviction or loss of your home, you should halt spending and create a budget. Then think about your social contract – honestly, and without judging yourself.
Who comes first?
Who’s getting hurt if you continue to carry bad debt?
Who are you helping and… why?
Do you feel good right now?
Would you feel better if you did not have to struggle with making those minimum payments every month while the interest and fees keep building up?
What I previously wrote still holds true. Plus, eventually the protections will run their course like the expiration of the federal moratorium on evictions. And, there are limitations on these protections. Therefore, I suggest that you give us a call. We can help. We offer real solutions for real people – based upon your unique circumstances. The key is to act early so you have the most available options.