When U.S. citizens in New Jersey owe the IRS money, the last thing it wants is for them to fly the coop. CNBC notes that the remedy Uncle Sam may take is to revoke the passport of the debtor. This may not happen for smaller debts. However, debts in excess of $52,000 could cause the agency to take action whether the individual is at home or abroad. If the person attempts to apply for a passport for the first time or renew an old one, that may get denied as well.
Finding out that you are losing your job can be a devastating blow. You may have intended to make a career out of your current profession, and now because of layoffs or another reason for your dismissal, you have found yourself back in the pool of trying to find employment. Understandably, you have worries.
When homeowners in New Jersey lose their home to a foreclosure, they may have two main concerns. The first is where they will live and the second is how they will rebuild their credit score. Without rebuilding a good score, even finding a place to rent may prove difficult. Once the score is up again, however, the individual may even be able to purchase a new home.