Who Is to Blame for the Student Loan Crisis
Student loan debt is now over $1 trillion nationally with 34 million borrowers. Of those, 16% or 5.5 million are hiding out in a forbearance or deferment (because they can’t afford the payments), and...
View ArticleBankruptcy is Not the Only Solution to a Bank Levy or Wage Execution
I am sure that you have heard the expression, “When you’re a hammer, everything looks like a nail!” Unfortunately, this also can sometimes be applied to the legal profession: “When you’re a bankruptcy...
View ArticleShould Parents in NJ Be Forced to Pay for an Adult Child's Education
Last week, a judge in Camden County, New Jersey, in a case reminiscent of the Rachel Canning case in Morris County, has ordered that the divorced parents of 21-year-old Caitlyn Ricci pay for her...
View ArticleFeeling Pessimistic About Repaying Your Debt? Why Not Bankruptcy?
The Washington Post reported on Wednesday that "nearly one in five consumers with loans said they think they will never be able to finish paying off their debt.” This is twice the number of people that...
View ArticleYou Can Actually Be Too Broke to File Bankruptcy!
It is a sad state of affairs when a person is too broke to file bankruptcy, the one thing that can mean a better financial life for many Americans. But according to a recent article in The Wall Street...
View ArticleA Bankruptcy Trustee Might Try to Take Back Your Child's Tuition
So your child is attending college to get a good education, and you are able to afford to make the tuition payments rather than borrow the money. But recent job loss, disability, or some other...
View ArticleUnpleasant Gotcha for Out of State Drivers Getting a New Jersey DUI
I received an e-mail recently from a client I had represented in a DUI a couple years ago. He was a PA licensed driver, so the immediate consequences were less severe than if he had been licensed here...
View ArticlePaying Off Your Credit Cards Every Month Might Actually Hurt Your Credit
I got some shocking news yesterday. I am currently recording telephone interviews for a semi-monthly podcast I will be launching soon and was talking to Domenic Postorivo of Greentree Mortgage about...
View Article50 Cent: Another Celebrity in Bankruptcy Trouble Through Stupidity?
50 Cent (Curtis Johnson) is in the news again over his bankruptcy filing. Like other celebrities who went broke (Len Dykstra, Theresa Guidice, "Dance Mom" Abby Lee Miller), he is currently jeopardizing...
View ArticleWatch Out for Those Subscription Services! They Can Really Add Up and Bust...
One thing that can really bust your budget these days are the many subscription services. I call them the "Death of a Thousand Cuts" because in and of themselves they do not add up to a lot per month....
View ArticleToxic Payday Loans are on Trial in Federal Court, as Charles Hallinan Faces...
I have posted content on my site warning people away from payday loans. They are predatory in nature, have pushed people into severe financial distress, and are not the solution to your financial...
View ArticleNegative Campaigning: Can't We All Just Get Along? Coming Together After the...
I don't know about you, but I'm glad the election is over here in New Jersey! Every time our country engages in the democratic process, we the people are put through a torturous deluge of negative ads...
View ArticleGisele Bundchen is Wrong! No One "Let" The Eagles Win the Super Bowl!! It Was...
I don't know about you, but I'm still celebrating the win in the Super Bowl by the Philadelphia Eagles. Not only was it a long time coming (52 years), but because how it came about and how it happened...
View ArticleOne of the Biggest Ways You Can Save a Bundle on Your Child's College Education!
I have mentioned more than once, in my podcast and on Lunch with a Lawyer that a local community college is a great way to save money on your four year degree. By getting an associate's degree first,...
View ArticleGetting Federal Financial Aid: Filling Out the FAFSA
So you (or your child) are applying to, or have been accepted at, a college. Perhaps you are already in school and looking forward to next year. Either way, you are now thinking about how you are going...
View ArticleDistracted Driving Laws Need to Keep Up with Technology
These days it seems like there is always something new coming out, some new idea, some gadget. Technology changes fast, and it can be difficult to keep up with the latest thing. However, in order to...
View ArticleTop 5 Reasons Not To Refinance a Defaulted Private Student Loan
If you are in default on a private student loan, you cannot get out of it unless the lender lets you. Unlike the federal system, there is no rehab. But what if there was the equivalent of a federal...
View ArticleAvoiding Distracted Driving By Using the Turn by Turn Directions on Your GPS
GPS devices have more and more become a part of our everyday lives. Whether you use a Garmin, Tom Tom, or your smartphone with Google Maps, figuring out how to get to your destination has become a...
View ArticleIt's Okay to File Bankruptcy; Sometimes Things Are Out of Your Control
It happens far too often than not when I meet with people considering bankruptcy: I find out that they have done things (dumb things) to avoid filing bankruptcy, like raiding a pension. Bankruptcy...
View Article5 Signs That You're Interviewing the Wrong Bankruptcy Lawyer
I have written before about how to pick a good bankruptcy lawyer, and there are certainly lots of articles on the Internet about how to do this, but a blog post by a colleague of mine, Jay Fleischman,...
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