The Consumer Price Index for all Urban Consumers increased 5.4% from June 2020 to June 2021. This is the largest 12-month advance since August 2008. Consumer prices increased 4.7% from February 2020 to June 2021. Since February 2020 prices for food increased 5.4%...
Year: 2021
Year: 2021
HOW WILL THE 3.5 TRILLION-DOLLAR BILL AFFECT YOU FINANCIALLY?
Many Americans do not understand the provisions of the 3.5 trillion-dollar bill pending in Congress since it has been touted as an infrastructure bill. Unfortunately, only a very small percentage of the bill is to rebuild bridges and highways that desperately need...
I LOST MY JOB AT THE BEGINNING OF THE PANDEMIC AND GOT A MORTAGE FORBEARANCE. NOW I AM BACK TO WORK, BUT I OWE ALL THAT BACK MONEY. CAN YOU HELP ME?
Many people lost their jobs during the pandemic and got mortgage forbearances to help them. Some were fortunate and got the mortgage forbearance arrears to be put at the balance of their mortgage which can be a loan modification or partial claims mortgage. However,...
IS MY HOME PROTECTED FROM SHERIFF SALE BY THE EVICTION MORATORIUM?
Many people who live in New Jersey are concerned since there is so much confusion over the Eviction Moratorium. Some renters are protected until the end of the year by Governor Murphy’s legislation. However, not all tenants get that protection until the end of the...
HOW DO I PAY MY BILLS WITH THE COST OF GASOLINE & PRICES CONTINUING TO RISE?
Since the beginning of the pandemic, the government has spent substantial sums of money which has created inflation which seriously devalues any money you have saved. Also, as the country is moving towards energy dependence gasoline prices have skyrocketed. When...
WHAT DO I DO IF I AM BEHIND ON MY TRUCK PAYMENTS?
Prior to the United States’ Supreme Court’s decision in City of Chicago v. Fulton 592 U.S. (2021), if your vehicle was repossessed, you would file a chapter 13 bankruptcy petition and provide the creditor with proof of insurance and get your vehicle back within a...
WILL I LOSE MY HOME IF I FILE FOR CHAPTER 7?
Over the past 36 years the biggest fear that my clients have is losing their home if they file a chapter 7 bankruptcy. First, we have to look at the entire picture. If you are behind on your mortgage and you want to keep your home, then you should file a chapter 13...
WHAT DO I DO WITH MY STIMULUS CHECK OR TAX REFUND?
For people struggling financially due to the Covid 19 Pandemic, is a $1,400 stimulus check or tax refund truly going to resolve their financial issues and make them debt free? If a stimulus check or tax refund can get you totally debt free where you have no balance on...
Debt Escalates Larger All Year
Since the Covid-19 Pandemic hit, most people have been DELAYING dealing with their debt since there are moratoriums on evictions and foreclosures. Even though the courts are open in New Jersey and creditors are pursuing collection cases, the key word is DELAY since...
I AM VERY CONFUSED ABOUT THE COVID-19 MORATORIUM’S AND GOVERNOR MURPHY’S EXECUTIVE ORDERS. CAN I LOSE MY HOME IF I AM BEHIND ON REAL ESTATE TAXES?
Since Covid-19 has hit there is so much uncertainty and many people do not understand the Executive Orders signed by Governor Murphy. The process with real estate taxes is as follows: New Jersey law requires that all 566 municipalies hold at least one tax sale per...