05 Feb 2010 12:48 pm
Unemployment is expected to continue above 10 percent through the rest of the year, combined with high medical costs for the un-insured or under-insured, credit card interest rates rising, and the recession making itself felt many Americans are wondering where to turn for help.
There where 1.4 million new bankruptcy filings last year, the seventh highest ever in records. Common contributing factors include losing a job, decreased work hours and mortgage rates resetting at higher interest than can be afforded.
If you see yourself badly in debt with no way of repaying it in full within the next five years, speaking with a new jersey bankruptcy lawyer could be the smartest financial move one could make. A bankruptcy attorney will be able to advice you on a legal and effective way to improve your credit, even after bankruptcy, and to effectibly eliminate your debt.
Most importantly, avoid Scams!
Read more about it from this NYTimes article.
Check the federal court system’s Web site for more information.
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. Give us a call for a free consultation!
Related posts:
- Is Filing For Bankruptcy in New Jersey Difficult? Is It For Me?
- Bankruptcy is now common in the middle class of America.
- THE PERILS OF BANKRUPTCY AVOIDANCE
- A Focus on the needs of our clients. Morristown Attorney at Law.
- Live in New Jersey? Over your head in debt?
