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21 Jan 2010 11:00 pm

…In the past, three factors protected the financial stability of middle-class workers: education, equity (home) and employment. No longer.

It used to be if you could get a college education, you were assured of a job that paid well enough to support a middle- class standard of living and provided adequate health insurance. Today that education comes with a price tag that’s a liability…

Home ownership used to be one of the best investments you could make. Today, one in four mortgages is under water…

When credit card companies lobbied Congress for revisions to the bankruptcy code, they claimed interest rates would go down. The new law took effect in October 2005 and bankruptcy filings temporarily declined, but interest rates did not…

In February, the Credit Card Act of 2009 will take full effect, ensuring card holders have sufficient notice of due dates and rate and fee changes. However, we have yet to see limits on the amount of interest credit card companies can charge…

Read the article here.

If you are experiencing financial difficulties, being harassed by creditors, have credit card debt, unpaid medical bills, repossession (s), pending lawsuits, judgments or are being on your mortgage or rent payments, then a Chapter 7 or a Chapter 13 filings may be of great benefit to you.

Make an appointment for a Free Consultation in Nothern New Jersey.

Related posts:

  1. Should you seek protection from your creditors in the state of NJ?
  2. THE PERILS OF BANKRUPTCY AVOIDANCE
  3. Is Filing For Bankruptcy in New Jersey Difficult? Is It For Me?
  4. New Jersey Bankruptcy Lawyer in Essex County
  5. New Jersey Bankruptcy Attorney in Bergen County.
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