How Can The Latest Federal Interest Rate Increase Affect Your Money?
US citizens are facing another federal interest rate increase that could mean troubling developments for your money. Consumers and businesses are preparing to spend more money on interest payments in the upcoming months as one of the central bank’s strategies to combat inflation. By increasing the current federal interest rate, federal funds become more expensive, […]
How Can Bankruptcy Save My Home From Foreclosure in New Jersey?
Foreclosure. It can be scary for your family to go through; unfortunately, it happens frequently in New Jersey. In 2019, New Jersey led the nation in real estate foreclosure rate. Trenton and Atlantic City were two of the country’s highest metro area foreclosure rates. So, what can you do about it? The answer is to […]
What Happens to My Property and Assets in Chapter 13 Bankruptcy Case?
If you’re considering filing for Chapter 13 bankruptcy, you’re probably wondering what will happen to your assets. Will you be able to keep your home? Your car? How about your retirement savings? The answer to these questions depends on several factors, including the state you live in and the type of bankruptcy you file. In […]
Debt Collection Harassment in New Jersey : Know Your Rights
Do you constantly receive countless phone calls from an unknown number or a debt collector claiming that you owe them? Did these people claim to be attorneys or claim that if you failed to pay them, they would sue you or threaten some other type of action? If so, you’ve experienced debt harassment. Under the […]
Can I File Bankruptcy and Keep My House and Car?
If I File for Bankruptcy, Can I Keep My House and Car? One of the most common questions we receive is: can I file bankruptcy and keep my house and car? Many people are in need of financial relief through bankruptcy but hesitate to file or learn about filing because they incorrectly assume they will […]
Business Reorganization Guide – Helping Small Business With Chapter 11 Bankruptcy
From entertainment giants to iconic restaurants to small businesses that have been staples of communities for decades, just about every kind of business has been devastated by the past few years’ events. In 2021, there were 544,463 bankruptcies filed. Although bankruptcy doesn’t mean that a company is going out of business, it is crucial to […]
Can Bankruptcy Stop a Lawsuit Against Me?
More than 1.5 million people file for bankruptcy each year. If you are one of those people, you may be wondering what you can do to resolve the issue. Many people have staggering debts, but some face a debt lawsuit that needs immediate action. Filing for bankruptcy may stop the lawsuit against you. There are […]
The Complete Guide to Enjoying Financial Freedom after Bankruptcy
Many people struggle with financial and debt management. More than 1.5 million people file for bankruptcy each year. Hence why so many people find themselves needing to find credit relief. Many avoid filing for bankruptcy because it makes a very negative impact on your credit score. But did you know that you can find financial […]
What Military Personnel Should Know About Bankruptcy?
Armed forces personnel, like everyone else, can become overly indebted, resulting from unexpected medical bills, moving costs, or other financial issues. It is possible and legal for military personnel to file for bankruptcy in situations like this. Military personnel is allowed by law to file for bankruptcy under Chapter 7 or Chapter 13; you might […]
Bankruptcies have fallen, but economic pressures could send more small businesses looking for cover
A new federal law signed Tuesday increases the upper debt limit for small businesses looking to file for bankruptcy, from $2.7 million to $7.5 million, for another two years. It may come as a surprise that, despite the pandemic, bankruptcy filings have significantly fallen over the past year: As of March, annual bankruptcy filings totaled […]
Declaring Bankruptcy: Debt Relief Options for Senior Citizen
Being in debt for senior citizens is a more severe problem than being in debt as young adults. Whether preparing for retirement or trying to make ends meet on a fixed income, it is true. You may need expert assistance deciding on your optimal debt-reduction approach. Filing for bankruptcy might be the easiest way to […]
How Often Can You File for Bankruptcy and Receive a Discharge?
Filing for bankruptcy and receiving a discharge can provide the fresh start you need. If you have filed for bankruptcy in the past, you may wonder if you are eligible for another discharge. A Philadelphia-area bankruptcy attorney will discuss your situation. Bankruptcy and Debt Relief You can file for Chapter 7. It requires the liquidation […]
Stop Creditor Harassment: Bring an End to Unlawful Collection Actions
Are you struggling with debt and enduring endless calls and letters from debt collectors? Creditor harassment is disruptive and puts unnecessary stress on debtors. You may have factors beyond your control that have led to your debt, and you may be working hard to pay it off. Constant reminders of what you owe are not […]
How Do Philadelphia, PA Residents Make Debts Affordable Through Chapter 13?
A recent study showed that only about half of respondents could cover their bills each month. For many of these people, their debt only makes this more challenging. If you’re in a similar situation, you might be at your wits’ end trying to find a solution. In 2021, 3,341 Pennsylvanians filed for Chapter 13 bankruptcy. […]
How to Deal With the Coming Wave of COVID-19 Bankruptcies in Philadelphia
In 2021, many major businesses filed for bankruptcy, such as J. Crew, Golds Gym, JC Penny, Pier 1 Imports, and more. Small companies were not exempt, and many worried that the post-pandemic trend would increase bankruptcy filings. Are you struggling with debt related to your business and thinking about filing for bankruptcy in Philadelphia? A […]