The NJ Dept. of Labor announced additional benefits for those workers displaced by the pandemic. Historically, persons who were self-employed, like UBER drivers and many others, were not able to access unemployment benefits. The CARES Act expands such coverage to… Read More

With the CARES Act passed by Congress in late March, student loan borrowers received important relief. Under section 3513, for federally-held student loans, the obligation to make payments is automatically suspended through September 30, 2020. However, a borrower paying through… Read More

Hoping to limit the economic harm of the current emergency, our lawmakers passed the CARES Act in late March. It provides significant help to persons in financial trouble. Special provisions allow Chapter 13 debtors to extend an already-confirmed Plan up… Read More

Tenants and homeowners are now protected from removal from their residencies due to an eviction or foreclosure thanks to Executive Order 106 of Governor Murphy signed on March 19, 2020. Although an eviction proceeding may be started or continued while… Read More

Many persons don’t realize how the student loan crisis directly affects them. Millions of younger Americans are mired in the 1.5 Trillion Dollars of student loan debt, which works out to $15,000 for every family in America. Those younger folks… Read More

We just received word that, on February 11th, DiTech and its subsidiaries filed a Chapter 11 Bankruptcy in the Southern District of New York https://dm.epiq11.com/#/case/Ditech/dockets. It cited that “it is consider[ing] a broad range of options”. While there is some… Read More

With partial government shut-down, many Americans are facing a stoppage of their paychecks. The questions we have been asked is: Given that I do not have enough to pay all my bills, what should I pay first between my rent… Read More

In a settlement released January 3rd, Career Education, a national company owning such schools as Cordon Bleu culinary schools and Sanford-Brown Colleges, agreed to release students and former students owing 494 Million Dollars. The settlement was based on claims that… Read More

Many of us are in the dark about the components of a credit score. According to an article by the credit industry itself, the five factors are: 35% for payment history, 30% for credit utilization – meaning how much unsecured… Read More

The 2005 Bankruptcy Law Changes have changes to make it more difficult for high-income folks. Periodically, the income ceilings are revised based on US Census data. These figures impact individuals so that those below it will easily receive discharge of… Read More