New Jersey Bankruptcy Attorney
If you're at the end of your rope with your debt, and unable to handle it alone, then it may be time to seek help from a New Jersey bankruptcy attorney. A bankruptcy attorney can be a powerful ally who opens the doors to a host of tools capable of helping you eliminate your debt and protecting your possessions, your home and your future.
If you're deep in debt, you may feel like you're out of options, but that simply isn't true. New Jersey bankruptcy laws are designed to provide serious debt relief to people like you. Regardless of how you got into your debt, filing for bankruptcy can help you reform most types of debt. Once your debt is gone, you can start a new chapter in your life and start achieving your financial goals.
Get started on the road to towards a fresh start today. Connect with a New Jersey bankruptcy attorney near you by calling, toll free, 877-349-1309, or filling out the free case evaluation form on this page.
New Jersey laws and Chapter 13 bankruptcy
Bankruptcy is such a powerful tool in New Jersey because it can you give you several, legally protected debt relief options. Your main decision will be between Chapter 13 and Chapter 7 bankruptcy.
The first place to start is to meet with a New Jersey bankruptcy attorney. Aside from providing helpful bankruptcy information, your bankruptcy attorney can take you through a "means test" to help you determine which type of bankruptcy can best provide the relief and protection you need. A means test may include a look at your income, debts, assets and financial goals for the future.
It's possible that you may choose to pursue Chapter 13 bankruptcy.
Chapter 13 can be used to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start. If you do have a job or some other source of regular income that you
can use to make regular payments towards your new, ordered debt, a
Chapter 13 bankruptcy may be right for you.
When you file for Chapter 13 bankruptcy in New Jersey your debts are reviewed, ordered and combined. Some may be reduced or discharged completely. Depending on the specifics, you may be able to include tax debt and student loans. Your new debt structure will be protected by law, and your creditors may not make claims on these debts. Instead, you will make regular payments to a trustee over the course of a set timeline. Your trustee will handle your creditors in the court order.
This is just a brief overview, and the specifics of your case may vary. To fully understand how bankruptcy can affect your debt, speak with a New Jersey bankruptcy attorney by calling, toll free, 877-349-1309, or completing the free case evaluation form on this page.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.
