Debt Settlement in New Jersey: Understanding Your Options

Debt Settlement in New Jersey: Understanding Your Options

You’ve probably seen ads on TV for free debt relief, debt reduction, and get-out-of-debt-now services. They claim that you can be debt-free in one year or less, or that you can reduce your debt by 50% with one phone call. They make claims that seem too good to be true – and they are. Debt… Read more »

New Jersey Receives a “D-” for Protecting Families in Debt

New Jersey Receives a “D-” for Protecting Families in Debt

The National Consumer Law Center (NCLC) recently published a study evaluating state law protections for debtors and their families. It found that not a single state provided adequate protections to allow debtors to continue to work and provide for their families. In 2012, 25% of the complaints received by the FTC related to debt collection. It’s… Read more »

Wage Garnishment Laws in New Jersey

Wage Garnishment Laws in New Jersey

When debt collectors are calling every day, demanding that you repay your bills, it’s tempting to just ignore them. Don’t pick up the phone and maybe you won’t have to deal with it. Unfortunately, debt collectors have ways to collect whether you allow it or not. Wage garnishment is the act of a creditor taking… Read more »

Debt Collection in New Jersey: Know Your Rights

Debt Collection in New Jersey: Know Your Rights

Debt Collection in New Jersey You’re struggling with your bills. Maybe you had health problems or maybe some unexpected expenses came up and you’ve fallen behind. Now debt collectors are calling you and demanding payment. What are your rights? The Fair Debt Collection Practices Act The Fair Debt Collection Practices Act (FDCPA) protects you from… Read more »

The Consumer’s Guide to Bankruptcy and Divorce

The Consumer’s Guide to Bankruptcy and Divorce

Bankruptcy and Divorce Add death and taxes and we have a perfect storm of unhappiness. At least bankruptcy and divorce aren’t certainties. However, they’re just as uncomfortable to discuss. Money and personal finance disagreements are a leading cause of divorce in the United States. In fact, one study cites arguments about money as the top predictor of… Read more »

Gambling Debts and Bankruptcy: Are They Dischargeable?

Gambling Debts and Bankruptcy: Are They Dischargeable?

Discharge of Gambling Debts in Bankruptcy Maybe you like to bet on horse races. Maybe it’s sports. Maybe you like to play blackjack, craps, or poker. You place a couple of bets and you lose. Then you place a couple more so you can win back what you lost. You win some, you lose some,… Read more »

How Bankruptcy Can Help With Cars You Can No Longer Afford

How Bankruptcy Can Help With Cars You Can No Longer Afford

Car Loans Can Become Financial Burdens In a declining economy, or as a result of changing individual circumstances, a once prized ‘toy’ can turn quickly into a crushing financial burden. Unfortunately, lenders aren’t all that understanding when you try to simply give back a car or boat that you can no longer afford. The property… Read more »

How Do New Jersey Bankruptcy Laws Work? Can I Keep Property?

How Do New Jersey Bankruptcy Laws Work? Can I Keep Property?

Exemption Laws Protect Your Property From Creditors Inside and Outside of Bankruptcy When a bankruptcy case is filed, a bankruptcy estate is created which is comprised of all of the property of the debtor. Exemption laws provide the rules for determining whether that property will be distributed to creditors or whether you’ll be able to keep it…. Read more »