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February 2017 Archives

Tips to consider when filing for bankruptcy in New Jersey

For individuals struggling with insurmountable debt, they may be considering their options for finding relief. Whether filing for Chapter 7 or Chapter 13, personal bankruptcy is a decision that few residents of New Jersey take lightly. Bankruptcy provides protection for individuals who are so overwhelmed by debt that it has become unmanageable and impossible to repay. When this is the case, there are a few tips that may make the entire process more manageable.

Some advantages of Chapter 13 bankruptcy in New Jersey

Residents of New Jersey struggling to pay their debts may not be aware that there are different types of bankruptcy. One type of bankruptcy filing, Chapter 13, is sometimes referred to as a wage earner's plan, and may offer hope for potential filers who did not meet the income eligibility requirements to file for Chapter 7 bankruptcy. Chapter 13 works as a debt reorganization plan, allowing individuals with a regular income to keep their property and assets and pay their debts over time.

How Chapter 7 can help New Jersey residents with car loan debt

What happens when a New Jersey resident falls behind on car payments? Whether someone's car is voluntarily surrendered or is repossessed by the lender, there is still a chance that he or she will continue to be responsible for any excess on the outstanding loan. Situations like this are when filing for Chapter 7 bankruptcy may offer some relief. In fact, declaring personal bankruptcy may even help struggling individuals retain possession of their car in the first place.

Overwhelmed by New Jersey debt? Some benefits of Chapter 7

In New Jersey, trying to figure out whether personal bankruptcy is the right choice can obviously be a stressful decision. When an individual is feeling overwhelmed by mounting debts, however, filing for Chapter 7 can offer much-needed relief. Both in terms of lessening immediate stress and financial hassles in the short-term, and taking the first steps toward a more stable credit future in the long-term, Chapter 7 can offer a number of benefits.


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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
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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
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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
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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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