Tag Archives: Monmouth county

5 Reasons You Need a Lawyer for Bankruptcy

Some people view bankruptcy as the end, but you should view it as a new beginning. When debt becomes unmanageable, contacting a lawyer for bankruptcy is important. A bankruptcy lawyer can help you compare your options and find out if you qualify for this type of relief. Many people who delve into the benefits of bankruptcy wonder if they actually need a lawyer. After all, if you are pursuing this option due to financial stress, the cost of hiring a lawyer could seem unnecessary. There are several reasons that hiring an attorney can actually minimize your stress, expenses, and time spent on this process. Reason #1: Proper Paperwork and Deadlines People who file bankruptcy for the first time may be shocked by how much legal paperwork bankruptcy requires. Be prepared to fill out the same information in different ways many times before your discharge is granted. Each of these documents…
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5 Ways to Start Saving for Retirement

Saving for retirement is something that many Americans forget to do. A study conducted by the Federal Reserve’s Survey for Consumer Finance in 2013, found that 53% of households aged 55 to 64 had savings in retirement accounts. This means that millions of Americans approach retiring age do not have account savings to rely on. However, there are always options available to start saving soon. It’s never too late to start new financial habits. 5 Common Retirement Saving Options Social security: This government retirement program can be applied for online, and instructions and details about eligibility requirements are included on their website. Pensions: Many workers in the Government, or social services may be eligible for pensions. Talk to your employer about different pension options. 401K: These are employer-sponsored retirement plans that allow tax-free contributions to the account, and employer matching contributions in many cases. IRAs: These are individual accounts that…
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Why Does New Jersey Have Such a Big Gambling Problem?

According to a study completed by Rutgers, New Jersey has one of the highest gambling disorder rates in the country, at almost four times the national average. Having access to many casinos, like the ones in Atlantic City, does not help people struggling with gambling. Gamblers with the most severe issues often gamble at casinos with slot machines and video poker. Online sports betting is not covered under gambling restrictions, making it easier for users to lose money. Fortunately, there are many effective ways to start eliminating debt and stop bad gambling habits. Help for Gambling Addiction in New Jersey Council on Compulsive Gambling of New Jersey: This program offers free gambling disorder help groups, hotlines, prevention programs, and intervention and outreach programs. Gamblers Anonymous: This organization locates gambling meetings with other gamblers near you based on location, and offers hotlines and recovery programs. There are a multitude of other…
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How to Merge with Another Company

When deciding on the next way to grow your business, you may consider combining your business operations with another entity to increase market share or gain valuable assets. Two ways to do this is through mergers and acquisitions. Merger: When two companies combine into one. There are different types of mergers, most of which combine companies or assets in similar industries. Acquisition: When a company claims ownership of another company by purchasing at least 50 percent of its assets. This is done through purchases of stock or other types of property. Both options can be beneficial or disastrous, depending on the decision made. Many times, companies may not be as compatible with each other as they initially thought, resulting in huge losses for both companies. Deciding on which company to merge or acquire with and what new entity to form is very important. Different Kinds of Business Entities Corporation: A…
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How to Avoid Foreclosure and Keep Your Home

Foreclosure can happen quickly to anyone, including those with seemingly secure financial situations. A mortgage plan that doesn’t fit your needs, the loss of a job, or mounting debts can place your property in jeopardy. However, a notice of foreclosure doesn’t always mean you have to lose your home, there are multiple strategies to start paying off your mortgage debt and keep your home. Ways to Avoid Foreclosure Mortgage renegotiations: You can shop around for different mortgage rates, ask for a lower monthly payment from your provider, and consult the help of Federal Agencies to negotiate a more affordable amount of payment. Short sale: When the lender is trying to foreclose on your home, they are trying to turn around and resell it. If you receive an offer for your home, forward it to your lender and they may accept the offer to save time and money. This can save…
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