At first, you may skip a payment or two on your credit card payments because you are having a little trouble making ends meet. You intend to catch up the payment next month, but next month you still have trouble making ends meet, so you skip that payment too. Because the effects of skipping a credit card payment are small at first, it is easy to let that payment go if you are forced to choose between paying the credit card bill or paying the utility bill.
One moment, you might be walking in a winter wonderland - the next moment, you have fallen and can't get up.
The older we get, the more we realize that winter and snow days are not all about fun and games - they are days where we feel most unsafe or most susceptible to injuries or accidents. Sometimes being aware of the potential risks causes more worry, but with some of the following common winter accidents, we can be prepared for the worst and feel at ease.
More retirees in New Jersey and throughout the United States are filing for bankruptcy relief as they struggle to pay basic living expenses. According to a study published by the Consumer Bankruptcy Project, the number of individuals age 65 years and older filing for bankruptcy relief increased by 204 percent between 1991 and 2016.
The gift of mobility is something we often take for granted. After getting injured, there are many things that you may need assistance with – physical, let alone tedious, tasks. Then, you have medical bills – and are clouded by those hovering over your head. You probably are not thinking about all of the logistical, administrative, and compensatory tasks. But you should consider at least a few.
If you are considering bankruptcy, you are not alone.Did you know that in 2016, nearly 800,000 people filed bankruptcy in the United States? And that over 24,000 businesses filed bankruptcy that year?
This means that you are far from alone if you have considered filing bankruptcy, either personally or for your small business.
Americans currently exceed $13 trillion dollars of outstanding household debt. Within that amount, $9 trillion is related to mortgage balances, $1.5 trillion is related to educational loans, and $2 trillion is split evenly between both auto loans and credit card debt. Very few households around the world utilize debt as freely as the United States' households do. When household debt is measured against GDP, the United States' 77.30% ranks as the 11th highest percentage in the world.
How does all of this relate to New Jersey and its residents' habits?
Accidents that involve public transportation can be severe because of the number of people that they affect. Public bus accidents, for example, can impact a great deal more people than the average passenger car accident. If you have been injured on public transportation, you will likely need to start negotiations, and potentially a lawsuit, against a governmental entity.
In cases involving personal injury claims against the Port Authority of New York and New Jersey (Port Authority), the statute of limitations is shorter than with a case involving private parties or even other governmental agencies, such as the state or municipalities. A case against the Port Authority must be brought within one year or you will lose your right to file a personal injury claim. In addition, to add to this extra procedural hurdle, a notice of claim has to be filed 60 days prior to filing suit. The relevant statute in New Jersey, N.J.S.A. 32:1-163 provides:
Be Careful to Bring A Lawsuit in Time For Personal Injuries
A person has a limited amount of time to sue for personal injuries. The Statute of Limitations is a law that sets forth the time period by which a lawsuit must be filed. If a plaintiff (the person filing the suit) fails to file the lawsuit within the defined period of time, then the plaintiff will likely be barred from pursuing the case further.
New Jersey law has various statutes that govern how long you have to file a lawsuit. The time limits within which one must file a lawsuit can be found in various statutes, including, but not limited to, the New Jersey Statutes Annotated (N.J.S.A.) at N.J.S.A. 2A:14 and N.J.S.A. 2A:31 (wrongful death actions).
Dealing with any type of financial challenges could be overwhelming, emotional and in some cases, embarrassing. With regards to business debt, our firm understands that business owners in New Jersey might find it difficult to navigate complex financial matters regarding their business. For many, they seek to understand the best way to keep their business operating, but in some matters, business owners should note that some debt relief options might result in the sale or liquidation of their business.
Whether it is a small business or large corporation, dealing with financial challenges can sometimes be debilitating. The steps required and the debt relief options can be very complex, and those considering business bankruptcy should become knowledgeable about the process.