“A new opportunity in life, unhampered by the pressure and discouragement of preexisting debt.”
– Bankruptcy as described by The Supreme Court of the United States
Filing for Bankruptcy in New Jersey
Filing for bankruptcy is one of the biggest decisions that an individual, family, or business can make. You need the best bankruptcy attorney in New Jersey to represent you, and I want to be your bankruptcy attorney. Having represented thousands of individuals and businesses since the early 2000s, my expertise and reputation speak for themselves. I am a life-long New Jersey resident, practice Statewide exclusively in the New Jersey Bankruptcy Courts, and have an outstanding reputation with the bankruptcy judges, bankruptcy trustees, and with bankruptcy attorneys statewide. I am an expert in bankruptcy law and have the pulse on how the bankruptcy court, bankruptcy trustees, and local bankruptcy rules are operating at any given moment in New Jersey.
I am fortunate to have a thriving boutique bankruptcy law practice. You shouldn’t choose just any bankruptcy lawyer. And on my end, I want to ensure that we have an excellent attorney client relationship. My goal as your attorney is to be your zealous advocate, be there every step of the way to guide you through the process with certainty, and to explain what is a complex area of the law in plain English so you understand bankruptcy in clear, concise terms.
Chapter 7 Bankruptcy
Chapter 7 Personal Bankruptcy
The biggest hurdle to filing a Chapter 7 Bankruptcy in New Jersey is qualifying for one. In a Chapter 7 Bankruptcy
, an individual or married couple is seeking a complete forgiveness of their personal debts with no repayment to their creditors. Over the past few years, there has been heightened scrutiny by bankruptcy trustees for individuals seeking this complete forgiveness. An in-depth consultation will determine whether or not you can qualify for a Chapter 7 Bankruptcy, and if Chapter 7 Bankruptcy is the right option for you.
Chapter 7 Business Bankruptcy
The moment that a Chapter 7 Business Bankruptcy is filed in New Jersey, the business must immediately stop operating. In many instances, a business may no longer be financially viable, have large debts that cannot be satisfied, pending lawsuits, or is no longer operating. A Chapter 7 Business Bankruptcy can be a cost-effective method to wind down a business and stop business creditors and commercial landlords from collection efforts. A Chapter 7 Business Bankruptcy can also be an effective tool to address lawsuits against a business.
Chapter 13 Bankruptcy
If you own a home, to guarantee that it is protected in bankruptcy, a Chapter 13 Bankruptcy
is necessary. In Chapter 13 Bankruptcy, you can repay as little as $150.00 per month to your creditors for 36 months. In exchange, you can protect your home and other assets. There are income limits to file for Chapter 7 Bankruptcy. In New Jersey, many individuals and married couples do not qualify for Chapter 7 Bankruptcy based on their household income, and Chapter 13 is the best way for them to reorganize their finances and get out of debt. Chapter 13 Bankruptcy is based in Federal Bankruptcy Law. However, critically, there are local New Jersey Bankruptcy Laws and local practice rules and nuances that determine Chapter 13 eligibility and qualification. Let me walk you through how Chapter 13 works and how it can benefit you. Please don’t jump to conclusions on qualifying for Chapter 13 or Chapter 7 Bankruptcy on your own.
Chapter 11 Bankruptcy
You may be over the debt limits to file for a personal Chapter 13 Bankruptcy. Or, you may own a New Jersey business and want to reorganize your business debts or liquidate the business assets in an orderly fashion. If so, we will need to consider Chapter 11 Bankruptcy. Chapter 11 Bankruptcy can be cost-prohibitive. The filing fee for a Chapter 13 Bankruptcy is $313.00. To file a Chapter 11 Bankruptcy, the filing fee is $1,738.00. The costs for a Chapter 11 case are amplified accordingly. We can determine together whether a Chapter 11 will be beneficial.
Are you a business owner or individual who has received a notice that an ex-business partner, business entity, spouse or ex-spouse, or someone who owes you money or property has filed a Chapter 7, Chapter 11, or Chapter 13 Bankruptcy? Or, is an individual or business threatening to file bankruptcy to deny you money owed, property, or rights? If so, I am here to represent you as a creditor to protect your rights and get you what you deserve. Reputation and experience are everything when hiring a New Jersey Bankruptcy Attorney. My statewide practice, dedicated exclusively to bankruptcy law ensures that I will know the parties involved in your matter and will guide you with expertise. If representation is necessary, I look forward to being of assistance. Many times, an hour of my time, to advise of your rights as a creditor can be sufficient.
Are you delinquent on your mortgage? Have you been served with a Notice of Intent to Foreclose? Foreclosure Summons and Complaint? Foreclosure Judgement? Is a Sheriff Sale Scheduled? Foreclosure Defense and bankruptcy law go hand in hand. If an Answer to a Foreclosure Complaint has not been filed yet, I need to do so in a timely fashion per New Jersey State Law to protect your rights. It may make sense to apply for a loan modification. If so, I have the ability to analyze the specifics of your mortgage to determine the modification terms your lender is obligated to offer you. If you can afford to bring your mortgage current over 36-60 months, a Chapter 13 Bankruptcy may be your best option. In Chapter 13 Bankruptcy, you resume making your regular mortgage payment, your lender considers you contractually current, and the arrears are amortized out over 36-60 months. One a Chapter 13 Bankruptcy is filed, all foreclosure actions and Sheriff Sale actions are stayed (stopped).