908-454-3200
Phillipsburg, NJ
When... Your mounting bills become too much handle You do not have sufficient regular income to pay those recurring bills Your savings account is empty ...it is only natural to consider paying those bills out of funds held in a retirement account – such as a pension,...
While there may be many reasons to file bankruptcy, as opposed to seek partial loan forgiveness from a creditor, an often overlooked benefit to bankruptcy is that the discharge of a debt in a bankruptcy proceeding is a non-taxable event whereas non-bankruptcy loan...
Unforeseen Causes of debt Debt and bankruptcy are often viewed as shameful subjects. But many people face these problems through no fault of their own. Below are some of the most common causes of debt: Medical expenses: Sudden and significant illness or injury can...
Attorney Scott M. Wilhelm will be speaking at a free seminar on bankruptcy and debt relief hosted by Wilhelm & Roemersma, P.C on March 16th, 2020. Topics to be covered in this free seminar include Chapter 7 & 13 Bankruptcy, Foreclosures, Loan Modifications,...
College is expensive, and therefore, the decision of which school a student will attend can be heavily influenced by the amount of financial aid received. There are many factors taken into consideration when financial aid is determined, including academic achievement,...
Falling into debt is easy to do but hard to admit. Most people feel a shame about having a large amount of debt, feeling like they have failed somehow. While these feelings are common, it does not mean they are valid.People fall into debt for a lot of reasons....
The end of year can be financially draining. Gifts, dinners out, and traveling can all increase expenses. For people who are already in significant debt, the holidays can add a great deal of additional stress.Bankruptcy provides a way out from unmanageable debt. If...
Chapter 7 and Chapter 13 bankruptcy are both ways that an individual in debt can find relief. It can be scary to think about filing for bankruptcy, but the risk is sometimes necessary to give you a fresh start.The biggest question is this: how do you know what type of...
We represent many clients who are struggling with debt. Bankruptcy is often the best choice for them to get back on their feet financially and begin to save. A common worry people have when considering bankruptcy is their retirement. Fortunately, bankruptcy does not...
Many Americans struggle with their credit score. Late payments, a high debt-to-income ratio and defaults can lower a credit score for years.A good credit score is vital for more than just obtaining credit. It can affect how much you pay on a mortgage and auto loan,...
