Bankruptcy

The Administrative Office of the U.S. Courts recently released data regarding bankruptcy filings in the United States for the 2010 calendar year. Total bankruptcy filings in the U.S. are at a five year high. U.S. bankruptcies increased about eight percent in 2010 compared to 2009, which is the … [Read more...] about Personal Bankruptcy Filings Increased Eight Percent in Calendar Year 2010

According to a recent article in USA Today, the number of retired people that are filing for bankruptcy has significantly increased, and the rate was increasing even before the recession began. According to a study conducted by the University of Michigan Law School, people aged 65-years-old and … [Read more...] about Elderly Americans at a Higher Risk of Bankruptcy than Others

According to new statistics released on November 8 by the Administrative Office of The United States Courts, bankruptcy cases, including business and non-business, that were filed in federal courts for the 2010 fiscal year (a 12 month period that began on October 1, 2009 and ended on September 30, … [Read more...] about Bankruptcy Filings Increased over 13 Percent for 2010 Fiscal Year

In our last blog post, we featured tips from an article from CNN Money about how Americans can manage their money better, particularly during these trying economic times. We covered good debt versus bad debt, how you should pay off your debts, and using your credit card smartly. Taking control of … [Read more...] about How to Better Manage Your Finances and Avoid Bankruptcy in New Jersey: Part II

With America’s culture of consumerism, it should come as no surprise to find that Americans are heavily loaded with debt from credit cards. The average household in America that possesses at least one credit card has an average of over $10,000 in debt from credit cards. CNN Money has a list of top … [Read more...] about How to Better Manage Your Finances and Avoid Bankruptcy in New Jersey: Part I

Bankruptcy does not discriminate. Regardless of which walk of life a person may come from, anyone can find themselves having to file for bankruptcy protection. According to a credit.com article, the number of individuals filing for bankruptcy protection continue to rise, and the demographics … [Read more...] about Elderly Americans are More Likely to File for Bankruptcy Than You May Think