New Jersey is one of the most expensive states to call home in America. This makes falling into debt an especially terrifying experience. What makes it worse is all the debt collectors calling to reclaim their money by any means available to them. This can make people feel afraid and may cause them to become depressed.
Building up your retirement fund has likely been an important goal for you almost as long as you have had a job. You understand the importance of having those funds tucked away for the years that you will no longer have to work. However, you now face a difficult financial situation that may lead to you file to bankruptcy.
As many people in New Jersey learned during the recession, if the market crashes or someone loses their job even financially responsible homeowners may find themselves facing foreclosure. While the American economy has come a long way since then, there are still many homeowners facing foreclosure due to falling behind on payments. What can people do when this happens?