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Is Medical Debt Really The Leading Cause of Bankruptcy?

Earlier this month, former U.S. Rep. Patrick J. Kennedy made news when he claimed that out-of-control medical costs were the most common cause of personal bankruptcies in the United States. Kennedy made this statement while offering his support for President Obama’s health care act. Kennedy’s assertion led many to wonder whether this was really true…….
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Should College Students Use Credit Cards?

Soon, thousands of New Jersey teenagers will participate in an important rite of passage: they will head off to college and leave home for the first time.


New Jersey Foreclosures Down 11 Percent

The new numbers are in, and it appears that the foreclosure situation got better in New Jersey over the first six months of 2012. All told, there were just over 10,700 New Jersey foreclosure filings between January 1 and June 30 of this year. In 2011, there were over 18,400 during the same period. The……
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Recovering From Debt After Recovering From Addiction

People wind up facing bankruptcy for any number of different reasons. Sometimes, job loss forces a family to rely on credit cards to make ends meet. In other cases, an unexpected illness or injury leads to unmanageable medical debt. In an increasing number of New Jersey bankruptcies, drug addiction is the underlying cause. Addiction doesn’t……
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Automatic Stays Provide Huge Relief in Bankruptcy Filings

New Jersey residents facing financial difficulties and considering bankruptcy can benefit from knowing about something called an automatic stay. An automatic stay takes effect immediately upon filing for bankruptcy. There are no hearings or signatures required. Automatic stays are designed to protect individuals from creditors or bill collectors. Creditor lawsuits are immediately halted, giving the……
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