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Bankruptcy Laws Were Created to Provide Relief
If you're struggling to make your monthly payments, whether they are from credit card bills, medical debt or mortgage payments, you are not alone. We can help you get your life back on track.
Our goal is to use bankruptcy to help you get a fresh start by providing debt relief. There are many exemptions that can prevent a debt from being discharged, which is why it is critical to have one of our experienced lawyers on your side who can advocate on your behalf.
Whether you are behind on your bills due to job loss, divorce, a medical emergency or other catastrophic event, we understand how difficult it can be to keep on top of debt. The U.S. bankruptcy laws have helped millions of people eliminate debt and start their life anew. The U.S. bankruptcy laws were designed to help both individuals and families struggling with debt.
Is Chapter 7 or Chapter 13 Bankruptcy Right For Me?
Chapter 7 Bankruptcy: Eliminates debts such as credit card bills, medical bills and utility bills. In return, some property may be used by the bankruptcy courts to repay creditors. New Jersey allows you to keep many of your most valuable assets.
Chapter 13 Bankruptcy: Requires you to create a feasible repayment plan for past-due mortgage payments or auto loans and submit it to the bankruptcy court for approval. Additionally, if you have the types of debts that would be dischargeable under Chapter 7, such as credit card bills, or medical bills, you may be able to reduce or eliminate those bills.
We will work with you to determine which bankruptcy option best suits your goals and income level.
Our knowledge, years of experience, and reputation sets our law firm apart from other attorneys when it comes to bankruptcy.
Our attorneys can help you with these bankruptcy steps.
Filing Bankruptcy Has Become Commonplace
Every day, hundreds of people just like you decide to file for bankruptcy protection. In 2010, 40,369 New Jersey residents just like you made the decision to file bankruptcy.
Gone are the days when filing for bankruptcy held a stigma. With the economy facing its worst recession in decades, most Americans are struggling with debt. Many Americans have lost jobs that may never come back due to globalization.
The government has bailed out banks with hundreds of billions of dollars. While banks were getting hand-outs from the government you were saying, “I have debt, too! Where is my bailout?” The answer is in the bankruptcy code. Do not waste the opportunity the government has provided. The government has already used your tax dollars to bailout many of the financial institutions you owe money to. Don’t pay them twice!
Creditors will not stop calling you out of the kindness of their heart. But using the power of the bankruptcy laws, we can make them stop for good.
Bankruptcy now, but what later?
Bankruptcy comes with several ancillary concerns, not the least of which is how it will affect your credit in the future.
The bad news is that a bankruptcy will stay on your credit for seven to ten years, depending on the type. The good news is that the moment your discharge order is entered by the judge, you can begin rebuilding your credit. Rebuilding your credit will take some time, but the sooner you get the discharge, the sooner you can begin getting your life back on track.
If the impact on your credit score is keeping you from filing, you should know that accounts that are in collection will also remain on your credit report of seven years. These collection accounts will do serious harm to your credit score. Bankruptcy allows you to eliminate the debt without paying it back and does not remain on your credit report for much longer than 10 years.
How We Can Help
We have invested in sophisticated software that can efficiently calculate where you stand. We have knowledge of all the available deductions so that your monthly income is as low as possible and you can qualify for bankruptcy. We are also well practiced in determining which debts are priority and which are non-priority. These calculations are complicated, but we have the expertise and the resources to effectively guide you through process.
Evening and weekend hours are also available.
Call today for your free consultation 800-709-1131