Chapter 7 Bankruptcy
When you file for Chapter 7 Bankruptcy in NJ, you can liquidate and even eliminate debt! Your debt may be discharged quickly if you are an individual or sole business proprietor that qualifies for this service. You can take care of credit card debt, personal loan debt, debt from medical bills, and reset your access to utility accounts.
Services Offered for Representation in Bankruptcy Filing of Chapter 7 Bankruptcy
- Free initial consultation (15-30 minutes) to determine your eligibility for filing Bankruptcy
- Upon retaining our office, a letter of our representation will be sent your creditors to direct all calls to our office and stopping further communications to you
- Attendance at a 341-meeting based on existing protocol that does not require actual travel to a physical site (i.e., courthouse or trustee office)
- Immediate stay of any court proceeding or judicial enforcement of any debt judgment.
- First Credit counseling arranged for you to complete as required
- Access to your own portal for input of relevant information into your petition
- Review of your petition before signing for filing
- Digitalized filing of your Bankruptcy petition with the Court
- Appearance at creditor meeting for Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Individuals and sole business proprietors can file for Chapter 13 Bankruptcy in New Jersey. By reorganizing your debt through a repayment plan, you can keep your property and force the Mortgage company or Bank to accept payments over a 3–5-year period
You must make monthly payments to a trustee for 3-5 years after this, but your repayment plan can protect your assets and stop your home being foreclosed upon. You could also reduce medical and credit card bills, reorganize loan debt, unburden yourself from second mortgage, or better manage large payments like car payments or sometimes past tax debt.
Services Offered for Representation in Bankruptcy Filing of Chapter 13 Bankruptcy
Basically, the same as the services provided in the Chapter 7 listed above, but in addition the preparation of a specific Chapter 13 Plan that will et out the trustee payments you must make over the 3-5 period you are entitled to force the Bank or mortgage copany to accept under the Bankruptcy Code.