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[Pepsidog]

9. While medical costs are a major cause for filing bankruptcy, the uptick I am seeing is

irresponsible lending the banks. Clients are trying to carry $60-$70k in credit card debit and their incomes simply aren’t sufficient to cover the minimum payments. Then they are car repair or unpaid missed week of work from disaster. I will see filing related to medical costs later on due to lay-offs or job loss and people lose their medical coverage. The main reasons for filing I see at the moment are divorce, job lose and over-extended credit. The cost of living in NJ is high and most people live paycheck to paycheck. Even higher income earners over $250 a year are having difficulty. Lastly, the cost of medical insurance is outrageous. Most decent family plans in NJ will cost about $2,300 a month. For people who aren’t on employer sponsored plans it’s like a mortgage payment. Middle class needs immediate tax relief. I pay $17,000 just in property taxes to the State of NJ but because of Trump’s tax plan can only deduct $10k. Sorry for rambling but the tax system is a sham.