After you learn more about the bankruptcy process, you should be better able to make an informed decision about which debt-relief option may help.
Find out more about Chapter 7 and Chapter 13 bankruptcy laws in New Jersey by reading below, then talk to a local lawyer about your situation.
To schedule an appointment with a local New Jersey bankruptcy lawyer, simply fill out the free case review form below.
For the names and office locations of the New Jersey lawyers in your area click here.
If you choose to meet with a lawyer, he or she may ask you some personal questions about your debts and assets, or have you fill out an intake sheet. This information is collected in order to help you and your bankruptcy lawyer determine which type of bankruptcy - Chapter 7 or Chapter 13 - is best for you. Each also has its own qualification requirements, and your answers will help with this as well.
Chapter 7 bankruptcy is a frequent option for people with lots of unsecured debt who own less property. If you do not own a lot of property, you may discover that Chapter 7 bankruptcy is an attractive option because many of your unsecured debts, such as credit card and medical bills, could be discharged.
Debtors who are considering filing Chapter 7 bankruptcy should discuss with their New Jersey bankruptcy lawyer which and how much of their belongings may be exempt from liquidation.
On occasion, Chapter 7 bankruptcy involves a liquidation of property. New Jersey’s Chapter 7 exemptions, however, allow for a good deal of your property to be protected.
Chapter 13 bankruptcy is often called "reorganization." Chapter 13 bankruptcy is often a good fit for people who own more property since it has vast protections for homes, cars and other items.
In Chapter 13 bankruptcy cases, you, your lawyer and the court create a debt repayment plan to be approved by the bankruptcy court. This 3-5 year plan allows you time to catch up on past due bills while under bankruptcy protection that may stop collections and repossessions.
People who are considering filing bankruptcy in New Jersey often feel overwhelmed by complicated state bankruptcy laws.
In order to clear up any confusion about state bankruptcy laws, you may want to have a New Jersey bankruptcy lawyer explain the process to you in non-technical language. When you meet with your bankruptcy lawyer, you may also have the opportunity to get answers your questions about how the laws will apply to your case.
Finding a New Jersey bankruptcy lawyer near you is easy. Simply fill out the free case review form on this page or give us a call at 877-349-1309, and we’ll connect you with a local bankruptcy attorney.
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.
PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Your request for contact will be forwarded to the local lawyer who has paid to advertise in the ZIP code you provide. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network nor does it analyze a person's legal situation when determining which participating lawyers receive a person's inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 400, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.
FLORIDA ONLY: Total Bankruptcy is considered a lawyer referral service in the state of Florida under the Florida Rules of Professional Conduct. By all other standards, Total Bankruptcy is a group advertisement and not a lawyer referral service.
If you live in Mississippi, Missouri, New York or Wyoming, please click here for additional information.
By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.