Weighing the Costs and Benefits of Bankruptcy

For some people, bankruptcy is a dirty word, and they do not want to confront even the possibility that they might need to declare bankruptcy to deal with their debts. And yet, in the wake of the coronavirus, even people who were previously financially secure have been pushed into situations where bankruptcy seems like an inevitability. Before you decide whether it might work for you, however, you should make sure you understand the costs and benefits of declaring bankruptcy. Continue reading “Weighing the Costs and Benefits of Bankruptcy”

Medical Bills Remain Biggest Cause of Bankruptcy in US

There is an image that some people hold about people who declare bankruptcy, that they are irresponsible or can’t control their spending habits. However, according to CNBC, medical bills are a key factor in as much as two-thirds of all bankruptcies in the United States based on a recent research study. Unfortunately, this trend of “medical bankruptcy” is nothing new and, according to the study cited by CNBC, has been at roughly the same level for the past decade. Continue reading “Medical Bills Remain Biggest Cause of Bankruptcy in US”

Filing for Bankruptcy in New Jersey

bankruptcy lawyer New JerseyUnfortunately, many individuals across the United States and in the state of New Jersey face extremely difficult financial conditions which significantly affect their way of life. For some, filing for bankruptcy may be the best (or only) option to relieve themselves of their financial burdens. Federal bankruptcy laws allow individuals who qualify to have a fresh start. Continue reading “Filing for Bankruptcy in New Jersey”

Filing for Bankruptcy in New Jersey

bankruptcy lawyer New JerseyUnfortunately, many individuals across the United States and in the state of New Jersey face extremely difficult financial conditions which significantly affect their way of life. For some, filing for bankruptcy may be the best (or only) option to relieve themselves of their financial burdens. Federal bankruptcy laws allow individuals who qualify to have a fresh start. Continue reading “Filing for Bankruptcy in New Jersey”