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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Preparing for Bankruptcy in New Jersey

Sometimes a need for bankruptcy comes about through a sudden crisis, such as a car accident, a home fire or a business failure. In such cases, you may have little time to prepare. You must play the financial cards you are dealt if the need to file bankruptcy is a quickly developing situation.

In many other cases, however, bankruptcy looms as a cloud on the horizon for some time. Maybe interest rates on credit cards have crept up, late payment fees have compounded and eventually, you realize you cannot meet even minimum payments and still keep yourself housed and fed. Maybe you have been battling a chronic medical condition at the same time that health care costs have risen. Unpaid medical bills have accumulated to the point that you are looking for debt relief. Perhaps a divorce or a slow decline in income due to the recession has brought you to the point of considering bankruptcy.

Whether you have the luxury of a lot of time or must take action in the shortest period of time possible, preparing for bankruptcy in New Jersey or elsewhere amounts to several vital steps:

  • Conduct a detailed inventory of your debts, assets and income. Do not eliminate any debts from the list, not even loans from family members. Doing so could make your bankruptcy fail.
  • Do not use your credit cards, take out loans, borrow money from friends or make drastic changes to your finances.
  • Do not repay any large debts without discussing your case with a bankruptcy lawyer.
  • Do not tap into your retirement accounts under any circumstances.
  • Learn the basics of what bankruptcy will entail, including taking a means test, categorizing your assets per allowable bankruptcy exemptions and preparing for a bankruptcy hearing.
  • Talk to an attorney to discuss what to do with money in your bank accounts. Even if you believe you cannot afford a bankruptcy lawyer's fees, take advantage of an initial consultation. Contact Goldman & Beslow, LLC. Learn how other clients of our law firm have found resources to move forward with a bankruptcy despite cash flow limitations.

Contact Our East Orange Attorneys About Preparing for Bankruptcy in New Jersey

Why choose us? From law offices in East Orange, Paterson, Jersey City and Newark, Goldman & Beslow, LLC, has advised many satisfied clients, pointing the way to legal, effective debt relief through bankruptcy. Call our experienced Essex County, New Jersey, bankruptcy lawyers 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 counties.

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
E-mail the firm

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