East Orange Bankruptcy Lawyer
At Goldman & Beslow, LLC, we can help you eliminate your debt and rebuild a solid financial foundation for you and your family by filing bankruptcy. For more information about bankruptcy in New Jersey, choose from the following:
- Chapter 7 vs. Chapter 13 bankruptcy: A means test will help determine which type of bankruptcy is appropriate.
- Chapter 7 bankruptcy: Chapter 7 is the most common form of bankruptcy and generally results in the discharge of most debts.
- Chapter 13 bankruptcy: Chapter 13 bankruptcy is a reorganization and debt repayment plan that results in a fresh start while protecting your assets.
- Secured and unsecured debt: There are two types of debt in bankruptcy: secured and unsecured.
- Credit card debt: Bankruptcy can discharge credit card debt.
- Medical debt: It is possible to have medical debt discharged in a bankruptcy while continuing medical treatments.
- Creditor harassment: Bankruptcy will put an immediate stop to creditor harassment.
- Repossession: Bankruptcy will put an immediate stop to repossessions.
- Wage garnishments: Bankruptcy will put an immediate stop to wage garnishments.
- Real estate and Chapter 13 bankruptcy: Chapter 13 bankruptcy can help you stop foreclosure and repay mortgage arrearages over a period of up to five years.
- Mortgage loan modifications and foreclosure mediation: Filing Chapter 13 bankruptcy can stop foreclosure and attempt a mortgage modification.
- Reduce the balance on your mortgage: This can sometimes be achieved along with a bankruptcy.
- Eliminate second and third mortgages: When there is no equity in a home, second and third mortgages may be shown to be unsecured debts — and may be discharged.
- Debt negotiation and consolidation: In theory, debt negotiation and consolidation can reduce your monthly payments and at times reduce the balance on the debt. Credit counseling sounds good, but in practice bankruptcy is the best option for many distressed debtors.
- Role of a trustee in bankruptcy: Trustees are appointed to administer your bankruptcy case and serve different roles in Chapter 7 and Chapter 13 bankruptcy cases.
- Mandatory disclosures in bankruptcy: Our lawyers will answer your questions about bankruptcy and provide helpful bankruptcy disclosures during your initial meeting.
- Bankruptcy and pending lawsuits: Bankruptcy will put an immediate stop to creditor harassment and lawsuits.
- Bankruptcy and taxes: Under certain circumstances you may also be able to discharge taxes you owe to the IRS or the state of New Jersey. Read more about Tax Consequences of Bankruptcy.
Filing bankruptcy more than once: The 2005 amendments to the Bankruptcy Code changed the time one must wait between case filings. Our attorneys will explain the Code changes in detail so you will know your rights under the law.
- Bankruptcy and your credit: Filing bankruptcy does not prevent you from obtaining credit in the future. The filing of a bankruptcy case will allow you the opportunity to eliminate debt so you can obtain a fresh start with your life.
- Bankruptcy and your spouse: You can choose to have only one spouse file bankruptcy or you can choose to file jointly as a married couple.
- Personal bankruptcy and divorce: In some cases, filing bankruptcy before or after your divorce can have financial advantages.
- Will I lose my car in a bankruptcy? If you continue to make payments, you can keep your car under certain circumstances in both Chapter 7 and Chapter 13 cases.
- What are a co-signer's responsibilities in a bankruptcy? Even though your responsibility for a loan may be discharged, a co-signer may still be responsible. Our lawyers can advise you on solutions to this problem.
- What is credit counseling and debtor education? You will need to complete credit counseling and debtor education classes when you file bankruptcy. We will make sure you follow the proper procedures required under the Bankruptcy Code.
- Can I keep my insurance policies in a bankruptcy? You can keep insurance policies with a cash value up to certain levels.
- Will my IRA be safe in a bankruptcy? IRAs are protected up to $1 million in assets. Retirement pensions and 401(k) accounts are fully protected.
We offer a free bankruptcy consultation to answer your questions on bankruptcy, such as " Will I lose my home?" and " What can I keep?" Learn how to prepare to file bankruptcy and be fully ready for your bankruptcy hearing.
Contact Our Passaic County Consumer Bankruptcy Attorneys
Call our experienced East Orange bankruptcy attorneys today for a free one-half hour consultation at 973-677-9000 or 888-827-5493. Our lawyers serve Essex, Union, Hudson, Passaic, Bergen, Morris, Middlesex, Sussex and other New Jersey communities.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.