The bankruptcy filing of a couple from another state may be of interest to our readers in New Jersey. The couple is well known in their community because they are the Principal and CFO of a growing charter school there. The personal bankruptcy came, at least in part, after the pair found that their home had significantly dropped in value during the most recent economic recession.
Readers in New Jersey may be interested to hear about the recent bankruptcy of a mayor of a small city in another state. It typifies the problems of many individuals and families across the country. The mayor filed for Chapter 7 bankruptcy after suffering economic difficulties brought on by the continuing national recession. In addition to serving his city, he has worked as a real estate developer in the past.
Readers in New Jersey may be interested to learn about the troubles of a natural gas company that supplies consumers across the nation. The company recently filed for a Chapter 11 bankruptcy in their home state. This came after the business was unable to find funding sufficient to continue its current operations.
There are many reasons that people in New Jersey decide that they need to file for a bankruptcy. These include the high debts that some have accumulated over the past few years during the recession. When the amount that is owed is more than a person can repay, they often find that a personal bankruptcy can help.