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Debt Relief Archives

New year, fresh start: Money goals for New Hampshire residents

Across New Hampshire and the nation, Americans are making (and breaking) resolutions this new year. At the same time, our country is coming out of a recession, yet consumers are still struggling with debt. The average household currently owes approximately $6,700 in credit card debt, and Americans as a whole have defaulted on $176 billion in debt since 2010. In the spirit of making a fresh start for 2014, consumers may wish to get control of their debt and set themselves up for better financial success.

Bankruptcy filings have been falling since 2010

For a long time, anyone in Rockingham County who was underwater in debt could use bankruptcy as a way to free themselves of debt and start afresh. Although there are still many people and businesses that file for bankruptcy in New Hampshire every year, the number of people who have filed since 2010 has been steadily declining. While many people may see a fall in the number of people filing for bankruptcy as a sign of our country's improving economic health, that is not necessarily wholly accurate.

Student loan monitor scrutinized for untoward tactics

No one with heavy student loan debt should feel alone in their struggle. Currently, federal student loan debt in the U.S. totals at about $1 trillion, and many people who are having difficulty paying back those loans also have other debts, such as medical and credit card bills.

More than half of parents will go into holiday debt

While the holiday season has certainly become a season of giving, at what point should people opt for saving money instead of buying gifts? That is a question that only each individual can answer for him- or herself. It is worth noting, however, that a poll of parents found that more than half of them were planning on going into debt just to buy presents for their children. It is highly likely that there are parents in Salem who are waking up to substantial credit card debt now that Christmas is over.

Many New Hampshire college students have over $30,000 in debt

Going to college is a goal that many people have from a young age. People believe that going to college and getting a degree will give them a huge advantage when they enter the workplace. Salaries are supposed to be higher and jobs are supposed to be more attainable. But the truth is that a poor economy combined with rising college tuition costs has put many graduates at a significant financial disadvantage.

Why is debt collection such a profitable business?

For anyone who owes money in Manchester, paying down those loans and debts may seem impossible. No matter how much an individual earns, the interest on the bills grow, making the balance just out of reach. Eventually, some people will be able to pay off their debts, but others will need to turn to a debt relief lawyer for help. There is nothing the matter with seeking help on overwhelming debts, and it can actually help prevent some of the negative consequences associated with unpaid bills.

Business debt can prompt individual filings in NH, 24 in June

Bankruptcy provides financial relief to both businesses and individuals. Under the most basic explanation of the bankruptcy process, businesses or individuals who seek relief have two options: straight bankruptcy involving liquidation through Chapter 7 protection or reorganization by way of Chapter 11 for businesses and Chapter 13 for individuals.

Start Your Case Today

Whether you have a family law issue, an estate planning question or are considering bankruptcy, I can help you find a sustainable solution that provides relief and hope. Schedule your consultation at my Nashua, New Hampshire office today by calling 603-635-4149 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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Law Office of Paul Petrillo