Many people think that if they file for bankruptcy, their credit will be ruined forever. In reality, once your debt is removed and you have the opportunity to rebuild your credit score, you will be able to obtain loan. However, if you put off filing, your debt will continue to accumulate and your credit score will continue to go down.
At Goldman & Beslow, LLC, our attorneys have more than 40 years of experience helping consumers eliminate debt and obtain a fresh financial start. We offer a free initial consultation to discuss your debt problems and answer your questions about bankruptcy. We offer services in Montclair, Essex County and other New Jersey communities.
Filing Bankruptcy in Montclair
For many people with debt problems, bankruptcy provides a solution. Here are some of the advantages that bankruptcy offers:
- Bankruptcy will eliminate or reduce your debt
- Bankruptcy will stop a home foreclosure
- Bankruptcy will stop a wage garnishment
- Bankruptcy will stop creditor harassment
- Bankruptcy will stop lawsuits and attempt to collect on lawsuit judgments
There are two forms of bankruptcy protection:
- Chapter 7 bankruptcy is known as liquidation bankruptcy. In a Chapter 7 bankruptcy, certain assets are protected while other assets may be taken to pay your creditors. At the end of the process, most debts are discharged.
- Chapter 13 bankruptcy is a debt reduction and repayment plan for consumers. Chapter 13 bankruptcy is a good option if you have assets that you would lose in a Chapter 7 bankruptcy. It is also a good option if your earnings are too high to qualify for Chapter 7 bankruptcy.
Contact Our Essex County Creditor Harassment Lawyers
Let us get you back on your feet so you can get on with your life. Call our experienced Montclair bankruptcy lawyers today for a free one-half hour consultation at 973-677-9000 or 888-827-5493.
