Family squabbles about who gets the assets and valuables owned by a deceased loved one happen all the time in New Jersey and elsewhere. A sibling thinks he or she should get the heirloom silverware you own. Your son always yearned for your priceless baseball card...
Year: 2021
What is the “automatic stay” in bankruptcy?
For most people, owing money is a very stressful thing. You might stay up at night trying to make the budget work so you can pay off the debts. There are some instances in which it just isn’t possible. When that happens, you may consider bankruptcy. One of the...
Estate planning at every age: What to consider as time goes on
Most people think about estate planning as a “one and done” kind of deal: They figure they’ll write up a will and get whatever other paperwork they need in place and then forget about it. That’s not actually how things should be done. Just like you, your estate...
Does bankruptcy eliminate all debt?
When someone struggles with a lot of financial hardship, bankruptcy can be a powerful tool that can give a person control over their finances or even eliminate their debt troubles. Despite all of the benefits that bankruptcy has to offer, people do not know all of the...
4 problems with leaving a lump sum inheritance
If you are too busy living to worry about dying, you could create problems for your family when you pass away. Enjoying life is crucial. Yet, taking the time to think about estate planning is also essential. If you've always assumed that you'll leave the bulk of your...
Dealing with debt stress effectively
They say that money can't buy happiness. In many ways this is true, but it is also true that financial problems, including poverty and debt, can create a huge amount of stress, unhappiness and misery. Therefore, making sure that you are in a healthy financial...
How can a secured credit card help after bankruptcy?
One common thing people say when considering bankruptcy is that they don’t want to file because they won’t be able to get a credit card. They need one if they’re going to shop online or even buy things at the store, and using cash isn’t convenient. They’re worried...
Which is more important, your will or your life insurance beneficiary designation?
Those who are interested in drafting or updating their wills often have life insurance policies. They see this insurance as just another way to plan for the future, just like the estate plan, and they want to do what they can for their families. Now, there is one...
Can a creditor stop your bankruptcy proceedings?
One of the most important parts of preparing for bankruptcy is the creation of a comprehensive list of your debts and creditors. This step ensures that the court notifies all of your creditors about the pending bankruptcy and give them a chance to respond. The...
4 bankruptcy myths debunked for those struggling with debt
Even the mention of the word “bankruptcy” fills most Americans with dread. For them, it is the very last resort to overcome crippling debt. They feel it is the ultimate sign of failure as an adult. Of course, it is good to pay off your debts, but there are times when...