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Is bankruptcy the appropriate remedy for your financial dilemma?

It is not uncommon for New Jersey consumers who are buried under mountains of debt to consider the most appropriate manners in which to remedy their situations. One option that deserves consideration is bankruptcy, as this is the only solution that also offers the filer protection. Before filing for bankruptcy, the process deserves careful consideration. 

The purpose of bankruptcy is to eliminate most, if not all, debt and provide for a fresh financial start. It makes sense to consider budget options first in order to determine if they might help resolve the debt issues. If bankruptcy protection appears to be the best choice, researching the different options available under the Bankruptcy Code can help in deciding which alternative fits the circumstances.

There are certain debts for which a filer will remain responsible even after bankruptcy. These include most student loans, child and spousal support, certain tax obligations and debt resulting from fraud or drunk driving. Being rid of unsecured debts such as credit card and medical debts may enable a person to take care of any obligations that are not discharged in bankruptcy.

To ensure that this process provides the financial relief needed, it may be practical to consult with an experienced New Jersey bankruptcy attorney. Learning about the pros and cons of each available remedy can help a consumer to make informed decisions about bankruptcy. It is possible to regain financial stability through bankruptcy relief, and many thousands of New Jersey consumers have been successful in doing so.

Source: nashville.com, "Should I File for Bankruptcy?", Accessed on May 27, 2016

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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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