Paterson Bankruptcy Attorney

If you have serious debt problems, you are probably worried about the future. At Goldman & Beslow, LLC, we understand that issues such as credit card debt, creditor harassment, wage garnishments, repossessions and home foreclosure are serious. However, these are problems we can solve for you.

Our attorneys have more than 44 years of experience helping debtors get a fresh financial start by filing bankruptcy. We offer a free initial consultation to discuss your situation and answer your questions. We offer services in Paterson, Passaic County and other New Jersey communities.

Filing Chapter 7 Bankruptcy in Paterson

If you are suffering from unmanageable credit card debt, medical bills, motor vehicle surcharges, payday loans or other debt problems, Chapter 7 bankruptcy may be appropriate for you.

Chapter 7 is known as liquidation bankruptcy, as a bankruptcy trustee has the ability to attempt to take certain assets and sell them to pay your creditors. Certain assets are protected such as your retirement savings, a vehicle up to a certain dollar value and other personal assets up to a certain value. Most people who file Chapter 7 bankruptcy don't lose anything. At the end of the process, most remaining debt is discharged.

Not everyone is eligible to file Chapter 7 bankruptcy. Our lawyers will consider your income and your living expenses and determine if you are eligible. We will also evaluate your assets to see if any of your property is at risk and if so, we will recommend a Chapter 13 bankruptcy to protect these assets.

Filing Chapter 13 Bankruptcy in Paterson

Chapter 13 bankruptcy is a debt repayment plan that guarantees your assets have the full protection of federal bankruptcy laws. Chapter 13 bankruptcy may be right for you if:

  • You have significant home equity or other assets that you would lose in a Chapter 7 bankruptcy filing
  • You are facing home foreclosure
  • You can afford to repay at least some of your debts

Contact Our Passaic County Chapter 13 Lawyers

Let us get you back on your feet so you can get on with your life. Call our experienced Paterson bankruptcy lawyers today for a free one-half hour consultation at 973-414-8069 or 888-827-5493.