If you are living in fear of losing your home, your car or other assets to creditors, there is a way to protect what is yours. Filing bankruptcy will provide debt relief and stop creditors from harassing you.
At Goldman & Beslow, LLC, our attorneys have more than 40 years of experience helping consumers save their homes and other property, while reducing or eliminating their debt. We offer a free initial consultation to discuss your financial situation and answer your questions about bankruptcy. We offer services in Bloomfield, Essex County and other New Jersey communities.
Filing Bankruptcy in Bloomfield
Bankruptcy includes something that is known as the "automatic stay" that will stop creditors from attempts to collect debts, including:
- Home foreclosure
- Wage garnishments
- Calling you on the telephone
- Repossessing your car (if a repossession happened recently, you can attempt to get your car back if it has not yet been sold at auction)
- Lawsuits
- Collections on a lawsuit judgment
There are two forms of bankruptcy protection:
- Chapter 7 bankruptcy is the simplest form of bankruptcy protection. As long as you don't have significant assets, Chapter 7 bankruptcy can provide a full discharge of most unsecured debts such as credit card bills, hospital bills and payday loans. To qualify, you must pass a "means test."
- Chapter 13 bankruptcy is a debt reduction and repayment plan. If you are not eligible for Chapter 7 bankruptcy or if you have assets you would lose in a Chapter 7 bankruptcy, Chapter 13 bankruptcy may be a good option for you.
Contact Our Essex County Bankruptcy and Foreclosure Mediation Lawyers
Let us get you back on your feet so you can get on with your life. Call our experienced Bloomfield bankruptcy lawyers today for a free one-half hour consultation at 973-677-9000 or 888-827-5493.
