7 Top Reasons People Turn to Bankruptcy in New Jersey

It can be difficult to come to terms with the harsh reality of having to file for bankruptcy. However, you are not alone if you find yourself faced with such a challenging decision. According to data from U.S. bankruptcy courts, over 1.5 million people file for bankruptcy annually nationwide. And almost 97 percent of bankruptcy……
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Can Filing for Bankruptcy Stop the Foreclosure Process in NJ?

Filing for bankruptcy will stop the foreclosure proceeding, at least temporarily. The Automatic Stay, an order issued by the court, requires your creditors to stop actions against you immediately. This means that even if a foreclosure sale on your house is scheduled, it must be postponed while your bankruptcy is pending. This is usually good……
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What Is Wage Garnishment?

In certain instances, a court can order that a person’s wages be garnished in order to pay off a creditor, to cover mandatory child support payments, or to take care of other legal obligations. When you are hit with a wage garnishment, this means that your employer will be required to withhold a portion of……
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Short Sale: A Way Out From Under a Crippling Mortgage in NJ or PA

Short Sale: A Way Out From Under a Crippling Mortgage in NJ or PA Since the pandemic, families have been struggling to pay bills, find work and are losing homes to foreclosure. While government officials search for ways to move the country down the road to recovery, many families are left searching for ways to……
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4 Tips for Dealing with Debt Collectors

People all across the country are struggling in this economy. Unemployment and foreclosure rates remain high, and an aging population is ending up with mounting medical bills that they cannot cover.