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Bankruptcy Attorney Joel R. Spivack Shares Why Debt Settlement is Not the Best Option for Everyone

When confronted with the overwhelming burden of debt, it’s natural for people to seek relief from any source possible. Debt settlement, a strategy in which a third party negotiates with your creditors to reduce or eliminate your debt, often presents itself as an attractive option. However, like most financial strategies, it’s not without its pitfalls. ……
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Why Debt Consolidation Isn’t Always the Best Solution: A Bankruptcy Attorney’s Perspective

Financial distress can feel overwhelming, and finding the right path toward resolution can be challenging. Two common strategies that individuals consider when addressing this crisis are debt consolidation and bankruptcy. Both options present potential advantages and disadvantages and must be approached with a clear understanding of the individual’s unique financial circumstances. In this post, we’ll……
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What Are Home Foreclosure Adjournments & How Many Can Be Used?

Are you facing foreclosure? If so, you’re not alone, it’s more common in New Jersey than many realize. In fact, we have more active foreclosure cases than any other state in the U.S. It’s a sad reality, and a big part of it is the legal procedures in place. If your house has gone into……
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Credit Card Debt & Your Retirement Savings

You might be facing a ton of credit card debt, unsure of how you will ever pay it off. You might be considering Chapter 7 bankruptcy. You might also be thinking about dipping into your retirement savings to pay it off. Both options have benefits and drawbacks and it is important for you to be……
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Filing Bankruptcy with Equity in Home

Bankruptcy is designed to provide those struggling financially to get a fresh start. It has its advantages and disadvantages, making it something that will work for some but may not work for all. You might be considering bankruptcy, but are worried you will lose every piece of property you own. This is especially true if……
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