The decision to file for a bankruptcy is sometimes a difficult one for some people in New Jersey. However, many find that they are unable to repay the debts that they have accumulated. This has been especially true during the recent recession, as many individuals lost their jobs or homes. In many cases, these debts come through no fault of the individual who has them, but a personal bankruptcy may still help.
Business owners in New Jersey may be interested to learn about a case involving the closure of a non-profit organization in another state. The non-profit was a corporate entity that had an endowment attached t it. Recently, the corporation filed for a business bankruptcy after its patient load dropped dramatically.
In 2011, people in New Jersey and across the nation were riveted by the criminal trial of Casey Anthony. Each night, television news regaled viewers with details about the murder of the woman's young daughter. Anthony faced charges that include lying to police and the murder of her young daughter. However, she was acquitted of many of the accusations, including murder. Now, she is in the news after filing for a personal Chapter 7 bankruptcy recently.
For some people in New Jersey, making the decision to file for bankruptcy is a stressful event. In many cases, folks in our state have spent months or even years working to repay the debts that they have accumulated. However, sometimes the best choice for an individual is to file for a personal bankruptcy.