With the US having one of the highest costs of healthcare in the world it comes as little surprise that most Americans carry exorbitant amounts of medical debt. In 2019 the average cost of healthcare in the United States was $11462. In 2022 this figure...
The purpose of filing for bankruptcy is to provide individuals with a chance to reconcile with their creditors and begin anew. Nevertheless the presence of bankruptcy on your credit report could impede your future plans such as obtaining a mortgage or ...
Bankruptcy is the legal process that releases individuals or businesses from their obligation to repay certain debts. It is a crucial aspect of the bankruptcy process and provides a fresh start for debtors burdened by overwhelming financial obligations...
When faced with mounting debt and financial challenges its essential to have accurate information about the frequency of bankruptcy filings. This knowledge allows individuals to make informed decisions about their financial future and explore the best ...
Understanding the specific laws and exemptions can be crucial in protecting your assets when filing for a Chapter 7 bankruptcy. In New Jersey one of the most significant concerns for many individuals is retaining ownership of their home during the bank...
Bankruptcy is a legal process that allows individuals or businesses to declare and resolve their inability to repay their debts. The bankruptcy process can be complex and is governed by both federal and state laws. In New Jersey, bankruptcy is meant to...
An emergency bankruptcy filing allows a debtor to quickly file a minimum amount of paperwork with the court to initiate the bankruptcy process. The debtor must then later supplement their filing with additional documentation within a set period, usuall...
Chapter 13 bankruptcy, also known as a wage earner’s plan, is a type of bankruptcy designed for individuals with regular income who are struggling to meet their financial obligations. Under this plan, filers propose a repayment plan to their creditors,...
Even though consumer debt can seem like a private matter, there are specific laws and regulations that govern when and how they can be enforced or disposed of. An example of such laws includes the statute of limitations on debt in New Jersey. The statu...
David’s Bridal filed for Chapter 11 bankruptcy protection on April 17. The company announced its intention to continue exploring the sale of all or part of its assets. Despite the bankruptcy filing, David’s Bridal plans to keep its approximately 300 st...
