Will Bankruptcy Impact Your Career?

Most people depend on employers to survive, so it’s natural to wonder how an employer might treat your bankruptcy. We’d love to tell you there won’t be any impact whatsoever, but the answer is a little more nuanced. Your Current Job Federal law prohibits employers from terminating you, demoting you, reducing your salary, or reducing…

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Can You Afford to Pay Your Newark, NJ Living Expenses During a Chapter 13 Case?

It’s no secret that living in Newark, NJ, costs more than living in other areas of the country. Inflation isn’t helping matters any. So it’s natural to worry about whether Chapter 13 will be a good decision for you. There’s something terrifying about letting a faceless trustee determine how much money you get to live…

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What is a New Jersey Mortgage Cram Down?

As of this writing, foreclosures are surging here in New Jersey. Bankruptcy can be an important tool in protecting yourself from foreclosure. And unfortunately, single-family homeowners aren’t the only ones who are vulnerable. So are small-scale landlords, or those who had the chance to buy vacation properties during better times.  A mortgage cram down might…

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DIY Filing by the Numbers: Why You Need a Bankruptcy Attorney in Newark, NJ

Roughly 6% of bankruptcy filers attempt to file bankruptcy pro se, that is, without the help of a bankruptcy lawyer. The temptation certainly makes sense…you’re already worried about money, and you might be afraid that you don’t have the means to pay a lawyer. Yet attempting to file bankruptcy yourself is usually a deadly financial…

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Can You Get a 700+ Credit Score After a Newark, NJ Bankruptcy?

credit cards

If you’re worried about your credit after bankruptcy, we’ve got great news. While it won’t be true for everyone, your credit score is likely to go up after bankruptcy, not down.  Yet there are steps you can take to make your credit score even higher. There are some people who have even managed to obtain…

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Student Loan Agreements Stalled by Lawsuits

cancel the debt sign

Many people rejoiced when the Biden Administration offered even a little bit of student loan relief, promising to forgive up to $20,000 for public borrowers. Unfortunately the program has run into problem after problem, and has hit yet another road block.  Student loan forgiveness approval letters are going out, but that doesn’t mean the loans…

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Can Newark, NJ Residents File Bankruptcy on Back Taxes?

Tax forms, a pen, and a mouse

Roughly 11 million Americans owe back taxes amounting to about $114 billion. Falling behind on your taxes is extremely stressful, but bankruptcy can help. Unfortunately, bankruptcy cannot help with all of your tax liability. Filing bankruptcy will at least stop tax garnishments for the duration of your automatic stay. Keep in mind that you must…

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FFEL Borrowers Left Behind in Quiet Change to Student Loan Relief Plan

Millions of borrowers rejoiced when the Biden Administration announced its plan to forgive up to $20,000 in federal student loan debt.  So, imagine the disappointment when 700,000 to 800,000 lost that relief in a “quiet rule change.” Borrowers whose loans are FFEL loans are no longer eligible for debt relief. The White House claims it…

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Student Loan Debt Cancellation for Newark, NJ Residents

The average student loan balance in New Jersey is $36,800. Student loans are a significant source of financial distress for many residents.   That’s why it’s so important to understand the new student loan debt cancellation program enacted by the White House.  $10,000 to $20,000 in Forgiveness You may be eligible for loan forgiveness if you…

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Do You Have to Talk to Debt Collectors in Newark, NJ?

The phone rings day and night. If you answer, there’s a stern voice on the other end, demanding that you give them money.  You go through your days with a sense of dread, and your stomach twists every time the phone rings. Do you really have to go through all this? The truth is no,…

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Can New Jersey Nursing Homes Sue You for Your Family Member or Friend’s Care Debt?

A recent story in NPR told of nursing homes who are aggressively suing family members and friends for nursing home resident debt.  In most cases, it’s impossible to sue someone a debt unless they have a financial tie to you: that is, unless you have co-signed for the debt, or unless you are the spouse…

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How to Repair Your Credit After Your Newark, NJ Bankruptcy

The credit score is such a ubiquitous part of American life that it’s little wonder that bankruptcy’s impact on your FICO score would be one of your primary concerns prior to filing. You’re not alone—most of our clients ask about their credit score at some point during the process. Fortunately, bankruptcy will be a net…

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What Newark, NJ Residents Should Know About Car Repossessions

New Jersey has some of the harshest repossession laws in the nation. It also is one of the states where you most need a car to get around: most people can’t get to work here without a car, as public transportation is spotty and few places in New Jersey are particularly walkable or bikeable. That…

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Can a Debt Collector Threaten You With Jail in Newark, NJ?

Some unscrupulous debt collectors will just say anything to get you to reach into your wallet. This includes threatening you with jail. Yet in America, there are no such things as debtors prisons. There have been a few confusing news stories which might make it seem otherwise, but that’s just a simple fact. You cannot…

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Does It Make Sense to Pay Debt Collectors in Newark, NJ?

When debt collectors are dialing day and night it is easy to start feeling scared, pressured, and depressed. Some people ignore every letter and call, which can be dangerous in its own way because this strategy can lead to a lawsuit. But scrambling to pay debt collectors can be even more dangerous, especially if you…

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