Working hard every day of the week is stressful when you are behind on paying your debts. If you are in debt and cannot settle it fast enough, it makes it hard for you to focus on your work. It becomes even harder to deal with when your creditors would keep reminding you of your […]
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Filing for bankruptcy can make people feel that they can never manage their finances ever again. However, it is only temporary when it comes to reality, and although it might affect your credit score, you can still perform purchases, and you can recover from this inconvenience. It can be a hassle for everyone, especially if
Confronted with an arising financial calamity, congress authorized the Coronavirus Help, Relief, and Economic Security Act to give crisis help and wellbeing care reactions for people, families, and organizations influenced by the COVID-19 pandemic. Among the numerous arrangements of the CARES Act are prerequisites that expect to reduce the economic effect of COVID-19 on private
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Having to declare bankruptcy can feel like you’ve made a series of financial mistakes you’ll never recover from. The entire process seems to be surrounded by doom and gloom. Instead you’re being provided with the opportunity to have a clean financial slate in just a few short years, and the United States is one of
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The first point of discussion here is that filing for bankruptcy does not guarantee you a discharge of your debts. The court needs to review each case individually to prevent any form of bankruptcy fraud or preference actions. If you file for a Chapter 7 bankruptcy this will eliminate your legal responsibility to repay unsecured
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Unforeseen unemployment is one of the main reasons people file for bankruptcy, with unpaid medical bills coming in a very close second place. Very few people volunteer to be unemployed, and especially not if they have a lot of personal debt. Becoming Unemployed What typically happens is that a person loses their job, and then
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Finding yourself in financial trouble can be a bitter pill to swallow. There’s a lot of personal shame involved, and then there’s the perception that you’re not able to manage your money properly. After all, you don’t want your personal affairs made public, with people you barely know asking you about your financial status. So,
If I file for bankruptcy, will everyone find out? Read More »
There’s no feeling quite like trying to use your card at an ATM or in a store, only to be told they can’t accept it. It’s embarrassing, frustrating, and a real sign that your finances aren’t quite where you thought they were. In fact, you probably have no idea where all your money went. So,
Can Bankruptcy In New Jersey Help Get Rid Of Debts From Credit Card Fraud? Read More »
Did you know there are provisions within the Bankruptcy Code which allow your trustee to claim certain assets of yours even after you’ve filed for bankruptcy? This can mean that an inheritance, a tax refund, vacation pay, or anything else of value can be claimed by your trustee as part of your “bankruptcy estate” and
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