Goldman & Beslow LLC
East Orange: 973-677-9000
Paterson: 973-247-9445
Jersey City: 201-659-6226
Toll Free: 888-827-5493
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New Jersey Chapter 20 Bankruptcy Lawyer

You may never have heard of a "Chapter 20 bankruptcy." That is because technically it does not exist. To file for Chapter 20 bankruptcy, first you file for a Chapter 7 bankruptcy to eliminate your unsecured debt such as credit card debt. Shortly afterward, you file for a Chapter 13 bankruptcy to pay down your secured debt such as mortgage arrearages and perhaps, strip off second and third mortgages.

Using Successive Bankruptcies to Eliminate Your Debt

If you do not meet the eligibility requirements for a Chapter 13 bankruptcy, because you have too much unsecured debt and too much secured debt, you may possibly be able to use a Chapter 20 to discharge your unsecured debt by filing for Chapter 7 bankruptcy in order to qualify for a Chapter 13. Once you qualify for a Chapter 13 bankruptcy, a payment plan is put into place to pay down the secured debt that you owe.

Advantages of this method are that you may be able to save your home and eliminate your unsecured debt if you owe too much to qualify for a regular Chapter 13 bankruptcy.

Disadvantages of this method are that you only receive the discharge of your debt at the end of your Chapter 7 bankruptcy. You must structure your Chapter 13 plan so that you pay off your secured debt in full and you cannot miss a payment. There have been some court rulings denying Chapter 20 cases. We are versed in the law and will explain potential pitfalls to you.

Our New Jersey Chapter 20 bankruptcy attorneys can help you determine if filing successive bankruptcies would work well for your financial situation.

Possible Obstacles to Filing Chapter 20 Bankruptcy

While it is technically legal to use this filing and process system to get yourself back on a sound financial footing, there are some courts that are objecting to its use. Your plan's approval by the courts depends on your financial situation, the kinds of debt you are trying to eliminate and how you plan on paying off your secured debt. As with any bankruptcy, you must participate in a financial management course, which will be conducted online or over the phone, to complete the bankruptcy proceedings.

We will look at all of your options and find the most effective solution to your financial problems. We want you to have a clean start on your financial life.

Contact experienced personal bankruptcy lawyers with offices in Paterson, Jersey City and East Orange today to find the solutions to your financial problems. Call for a free consultation at 973-677-9000 or 888-827-5493.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.


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  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
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Goldman & Beslow LLC

Goldman & Beslow, LLC is a Federal Debt Relief Agency by an Act of Congress. We have proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 38 years.

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7 Glenwood Avenue,
Suite 311B
East Orange, NJ 07017
East Orange Law Office

Phone: 973-414-8069
Phone: 973-419-7631
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
Fax: 973-675-5886
E-mail the firm

NEWARK OFFICE 168 Bloomfield Avenue
Newark, NJ 07104
Newark Law Office

Phone: 973-483-1333
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

PATERSON OFFICE 100 Hamilton Plaza,
Suite 405
Paterson, NJ 07510
Paterson Law Office

Phone: 973-247-9445
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

JERSEY CITY OFFICE 26 Journal Square,
Suite 603
Jersey City, NJ 07306
Jersey City Law Office

Phone: 201-659-6226
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
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