For our clients involved in bankruptcy matters in the personal or business arena, our dynamic bankruptcy team offers expert legal guidance. The bankruptcy attorneys and financial specialists at our New Jersey Law Offices of Gruber, Colabella, Thompson, Hiben & Montella provide a comprehensive assessment of your financial situation and a variety of options for resolving your issues:
Chapter 7 is the most common method for filing bankruptcy among individuals. This is because Chapter 7 allows for you to discharge most types of debt without the need for repayment. It is simpler way of filing bankruptcy than Chapter 13 bankruptcy. Since Chapter 7 eliminates most debts, it is a fresh start for debtors. It puts an immediate stop to harassment by creditors, wage garnishment, lawsuits, as well as other attempts by creditors to collect.
Chapter 7 is so common because it can eliminate most types of debt, but it is important to consider the types of debt that it cannot cancel out:
Though it may seem simple on the surface, in New Jersey, a Chapter 7 bankruptcy can be complicated. Therefore, it is in your best interest to engage one of our New Jersey attorneys to walk you through the process. An experienced NJ bankruptcy lawyer will not only be able to explain the process to you but will also work with you directly to ensure that you are able to retain the maximum amount of your assets the law allows.
It is important to note that not everyone will qualify for a Chapter 7 bankruptcy. Our experienced bankruptcy attorneys can discuss the specifics of your situation and advise you as to your options regarding bankruptcy.
Chapter 13 bankruptcy is only for individuals. In order to qualify for Chapter 13, you will need to prove to the courts that you have a steady source of monthly income.
The good news here is that there are many potential sources of income that may be considered:
The bankruptcy attorneys at our New Jersey firm provides services to help lower your interest rates, make payments more manageable, and eliminate or restructure your debt.
Our attorneys help both individuals and businesses explore their financial and legal options when faced with the possibility of bankruptcy. We can advise you on the best course of action.
Due to the complexity of bankruptcy law, we advise you or your company to contact one of the bankruptcy attorneys at our New Jersey firm. During your consultation our lawyers will discuss your situation with you and advise you about making your next step, which may be filing for bankruptcy, negotiating your debt with creditors, or another alternative plan. You have options when it comes to debt and bankruptcy – let us help you formulate the best plan for turning around your financial situation.
