Is debt relief law only available for certain types of debt?

Yes, debt relief law is only available for certain types of debt in New Jersey. Generally, debt relief law is focused on helping people who have debts stemming from credit cards, medical bills, and other unsecured debt. These types of debts are considered “non-priority” debts which means these types of loans don’t have any collateral behind them. This makes them more difficult to pay back, so debt relief law was created to provide assistance to people facing these kinds of debts. Debt relief law in New Jersey can also be used to help with certain types of secured debt, meaning loans with collateral attached to them, like car loans or mortgages. This is because these types of loans may be more difficult to pay off if the person falls behind on payments. However, debt relief law can only help with certain types of secured debt and not all types. Finally, debt relief law in New Jersey can also help with certain types of taxes owed to the government, such as back taxes or penalties that the taxpayer is unable to pay and is facing debt relief consequences. This type of debt relief also requires the approval of the state government, so it is not offered to everyone. In summary, debt relief law in New Jersey is generally offered to help people with certain types of debt, including non-priority debt, certain types of secured debt, and certain types of taxes owed to the government.

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Is debt relief law only available for certain types of debt?

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