New Jersey Bankruptcy Lawyers -
NJ Bankruptcy Attorneys
are listed in the following areas:
Bergen County | East Brunswick | East Orange | Elizabeth |
Essex County | Hudson County | Jersey City | Newark | Passaic County | Paterson | Woodbury
Get a Free Evaluation to Find your Options for a Debt Free Life, by filling out the Evaluation Form at a New Jersey bankruptcy lawyer in your area.
Your evaluation will be completed by the bankruptcy lawyer within one business day.
New Jersey Bankruptcy Laws
Many New Jersey residents are burdened with a debt load in which they will never be able to repay. If you are facing an overwhelming debt load we recommend scheduling a no risk, no cost bankruptcy evaluation with a local NJ insolvency lawyer to discuss your income, finances and debts.
The New Jersey bankruptcy laws provide debtors with relief from their debts and also provide protection from creditor harassment. When you file bankruptcy in New Jersey you must sdecide whether to file chapter 7 bankruptcy or chapter 13 bankruptcy. A bankruptcy attorney can explain the differences to you and help you decide which chapter will best tackle your debts.
Chapter 7 is a liquidation bankruptcy and is the most commonly filed chapter of bankruptcy in New Jersey (25,913 people in New Jersey filed chapter 7 bankruptcy in the 12 months ending September, 2012.) When a New Jersey debtor files chapter 7 they must turn over any of their property that is not protected by the NJ bankruptcy exemptions for liquidation.
Chapter 13 bankruptcy was filed by 7,182 New Jersey debtors in the same 12 months ending September, 2012. Chapter 13 is a reorganization bankruptcy where you will reorganize all of your debts into a more manageable payment agreement.
To learn more about the bankruptcy laws and how they can help you schedule a no obligation case review with one of our local NJ bankruptcy attorneys.