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Mercer County Legal Blog

Getting debt relief starts with knowing how your debt works

At some point, you may come to find that you're being weighed down by entirely too much debt. If this becomes a problem, such as an inability to stay current with your payments, you need to learn more about your options.

If you're interested in debt relief, there are many steps you need to take. To start, you must have a clear idea of what type of debt you are carrying and how it works. For instance, there is a big difference between credit card debt and student loan debt.

What to do about your credit after Chapter 13 bankruptcy

If you decide to file for Chapter 13 bankruptcy, you need to realize upfront that it will have a negative impact on your credit rating. There is no way around this, so you need to come to grips with this fact as soon as possible.

Despite the impact, it doesn't have to drag you down forever. You can begin to rebuild your credit as the months go by.

What are the top causes of credit card debt?

While there are many benefits of carrying a credit card, such as the ability to make large purchases in a more efficient manner, there is also one major pitfall: You could find yourself buried in debt soon enough.

With this in mind, it's important to understand the top causes of credit card debt. This knowledge can help you avoid a bad situation in the future.

A car accident can result in a variety of injuries

No one wants to be part of a car accident, but if you find yourself in this position, you hope you are able to walk away unscathed.

Unfortunately, there are times when a car accident causes a serious injury. If you have any reason to believe that you've suffered an injury in a car crash, the first thing you should do is call 911. You want to receive medical assistance as quickly as possible.

There are many benefits of a Chapter 7 bankruptcy filing

It may be hard to imagine a situation in which Chapter 7 bankruptcy is a good thing, but you could get to a point when you realize that there is no better way to improve your financial situation

Before you file for Chapter 7 bankruptcy, you need to become familiar with the many benefits. This will help you decide how to move forward. Here are some of the top benefits:

  • Put an end to creditor phone calls. With the automatic stay in place, you don't have to worry about these calls for the time being.
  • Delay foreclosure. If you're facing foreclosure, it's good to know that Chapter 7 bankruptcy can delay this for the time being. This may give you enough time to figure things out.
  • Access to state and federal exemptions. With both of these, it's much easier to protect the majority of your possessions.
  • Clear unsecured debt from your life. You may not be able to wipe clean all of your unsecured debt, but Chapter 7 bankruptcy can help clear away most of it.
  • Fast to the finish line. While not always true, a Chapter 7 bankruptcy case typically comes to an end within four to six months.

Wrongful death lawsuit filed against government in mob killing

A wrongful death lawsuit filed early in the month of October claims that the Federal Bureau of Investigation was negligent, resulting in the death of a man killed by a mob associate. The surviving family members from Massachusetts filed the lawsuit against the FBI. The lawsuit notes that the murdered man was mistaken by the mob associate, who shot and killed the man some 20 years ago.

According to the lawsuit filed by the victim's family, the FBI negligently failed to monitor a mobster who was deemed to be unsuitable to work as an informant for the agency. That mobster was accused of ordering the hit that eventually led to the killing of the victim.

6-vehicle crash kills 1, injures 7 in Mercer County

On Monday, Oct. 23, a 17-year-old driver crashed into the last vehicle in a line of five cars that were stopped at a red light at Route 130 and Hankins Road. The impact sent each vehicle crashing into the rear-end of the vehicle in front of it, with the initial impact causing the death of a 62-year-old woman from Trenton, New Jersey.

The decedent was a passenger in the first vehicle that was struck. She was transported to Robert Wood Johnson University Hospital after emergency responders arrived on the accident scene. Unfortunately, her injuries were simply too much and she died at the hospital.

Use bankruptcy to save your home from foreclosure

There are many good reasons to file for bankruptcy, including the fact that this could help save your home from foreclosure.

If you are concerned that you may lose your home, maybe because you have missed a few mortgage payments, you need to learn more about your situation and the steps you can take to make things right.

What habits often lead to credit card debt?

If you have at least one credit card in your wallet, you know just how easy it is to abuse the power. While there is nothing wrong with using a credit card, you know that going overboard could put you in a compromising financial position at some point.

There are many habits that often lead to credit card debt, with these among the most common:

  • Moving balances around. While a balance transfer credit card can help you save money, you still need a dedicated approach to paying down your balance
  • You search for reasons to justify your purchases. This is a dangerous behavior, as you'll always be able to find a reason to pull the trigger.
  • You continually ignore your credit card debt. You know that you are drowning in debt, yet you act like it doesn't exist.
  • You make the minimum payment every month. If you want to dig out of credit card debt in the near future, you need to pay more than the minimum.

The most important steps to take after a car accident

The thought of being involved in a car accident can terrify you. Even if you have never been in this position in the past, you know that a serious injury and/or extensive damage is possible.

Even though you hope to avoid trouble on the road, it's important that you prepare for anything and everything that could happen.

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