New Jersey small business owners understand that it can be difficult to run a business in today's economy. Fortunately, according to a recent study by Equifax, the number of small businesses declaring bankruptcy throughout the country is at its lowest point since 2007.
It's well known that lots of money is spent on healthcare in America. But all that spending does not necessarily insulate healthcare corporations from financial problems that may require debt relief. So a New Jersey hospital may sometimes need a New Jersey Chapter 11 bankruptcy attorney.
The National Association of Consumer Bankruptcy Attorneys (NACBA) has developed a Principal Pay Down Plan, which would provide immediate relief for qualified homeowners who find themselves underwater on their mortgages. Economists and other experts all agree that housing must stabilize before we have a full blown economic recovery. The Principal Pay Down plan proposes to reduce the interest rate on mortgages to 0% for 5 years, monthly payments would be lowered and every dollar applied to the principal. This Plan provides multiple benefits. It would help families trying to save their homes, stabilize communities, and help prop up the ever declining housing market.