Newark Bankruptcy Lawyers-
Newark Bankruptcy Attorneys.
Welcome to our site. If you are having difficulties with debt and are feeling overwhelmed. Take heart. You are about to take the first step toward taking control and solving your financial problems.
If you are in debt, you are not alone. 1,260,000 people filied bankruptcy in the year ended September 30, 2014.. Filing bankruptcy immediately stops all collection and legal actions against you. Bankruptcy can provide you with the opportunity to rebuild your credit and save for a home, your children’s education and your retirement.
The vast majority of people use two different types of bankruptcy: The most common is Chapter 7. If you qualify for Chapter 7 bankruptcy, you will be able to eliminate many common types of debts, such as credit cards, personal loans and medical bills. If you do not qualify for Chapter 7 bankruptcy, you may still be able to qualify for the next most common type of bankruptcy - Chapter 13. In a Chapter 13 bankruptcy, you will be allowed 3 to 5 years to repay your debts - interest free.
There is much misinformation about bankruptcy. Sometimes well-meaning friends and family will advise you about filing for bankruptcy, but they rarely have accurate and complete information. It is important that you get the facts from an experienced bankruptcy attorney.
Newark chapter 7 bankruptcy allows the individual to have their debts wiped out in a fast and efficient manner. In fact, in most chapter 7 cases the bankruptcy is over - with all eligible debts eliminated - within 4 months. Most people are allowed, by law, to keep all of their belongings.
When you are ready to live debt free and with control over your finances please contact us to discuss your debts today or reques a Free Bankruptcy Evaluation over the telephone.