It can be easy to get into trouble with credit cards. In many cases, the recession put many New Jersey residents in the position of having to use their credit cards in order to stay afloat. Even if your financial situation has improved, the debts created during a difficult time can still be overwhelming. Bankruptcy may be a way to eliminate those debts and obtain a fresh financial start.
If you are only able to make minimum payments, and even making those payments is a struggle, that could be a sign that your budget it stretched to its limit. Even making payments on time -- if at all -- can become difficult. Meanwhile, the interest rates you may have enjoyed may have gone up, only adding to the balances.