Going through bankruptcy once can cause a ripple effect that lasts a number of years. Preventing another bankruptcy requires you to thoroughly assess what went wrong the first time so you can make changes right away. Knowing some strategies for managing your money can...
Knowing that you do not have enough money to pay your mortgage can cause great uncertainty. You may experience feelings of embarrassment, fear and guilt. Despite your valid concerns, the way you respond can help you keep your dignity. Knowing your rights will also...
Operating a successful business in New Jersey requires you to make strategic financial decisions. Oversights, miscommunication and inadequate preparation can all have a detrimental impact on your organization's financial security. When you know how to avoid the common...
Chapter 11 bankruptcy is a debt relief option for business owners. Commonly known as "reorganization bankruptcy," Chapter 11 holds off creditors while you work toward getting your business to a more financially healthy state. There is often a negative connotation with...
Dealing with debt collectors is not a fun experience for anyone. However, the debt collectors often feel bound by the Fair Debt Collection Practices Act, which often limits how they can interact with the people they collect debts from. Unfortunately, not every...
Falling into credit card debt is often all too easy due to the way credit cards are designed to work. It takes active effort to avoid falling prey to them. How exactly does one stay out of credit card debt, in that case? After filing for bankruptcy, it is more...
After leveling off after the disruptive years of 2020 and 2021, bankruptcy rates show signs of rising again. Several economic challenges point to possible trouble ahead for many consumers and commercial interests. A stalled economy often leads to more people seeking...
Americans should not have to choose between their medical care and keeping their homes, but unfortunately, that is what far too many must do. According to recent studies, as much as 66.5% of bankruptcies occur because of medical issues, and either because of time off...
According to Forbes.com, at least 12% of people filing for bankruptcy are over age 65. If you fit in this age group, you may worry about losing your retirement funds to your creditors. However, filing for bankruptcy does not mean giving up all your savings. Knowing...
Finding yourself neck-high in past-due bills may result in climbing stress levels and sinking hope of getting back on solid financial footing. You may wonder if you should contact one of the many debt relief companies or declare bankruptcy. As the mail pile grows with...
