Protecting Your Home And Building A Brighter Future
Not everyone who is facing difficult debt is in that situation because they are not making money. It is very easy to have even a substantial income stream and still be unable to keep up with debts. Especially since the 2008 recession, many people have found themselves forced into situations where a pay cut turned a debt load that had previously been manageable into something that could not be sustained over the long run.
People in this type of debt situation can feel like all they need to do is buckle down and force their way through by working hard, scrimping and making smart choices.
Learn About Your Debt Relief Options
The reality for most people is that they could have benefited from experienced debt relief guidance long before they finally asked for it. There is no need to suffer through years of strain and stress trying to fix your difficult debt situation on your own. There are options. We can educate you about what Chapter 13 can do for you and your family.
Fighting Foreclosure
One of the major reasons to consider Chapter 13 is if your home is threatened with foreclosure. When you file for Chapter 13, all foreclosure proceedings, along with all other debt collection attempts, must cease immediately. Any late mortgage payments can be rolled into the three- to five-year repayment plan that is part of Chapter 13.
Tell Me More About The Repayment Plan That Is Part Of Chapter 13
Under Chapter 13, a repayment plan is created that takes into account your debts and your ability to pay. People make payments over a five-year period, and any leftover unsecured debt is discharged.
We Have Provided Debt Relief For More Than 10,000 Clients
At Goldman & Beslow, LLC Attorneys At Law, our attorneys are dedicated to helping people navigate the bankruptcy process so that they can move on with their lives and leave their difficult debts behind. Our goal is to leave you on solid financial footing by the time you are discharged from bankruptcy. We have helped more than 10,000 people for more than 40 years, and we use that experience to ensure that every new person we help gets the most benefit from going through the process.
Understanding Chapter 13 Bankruptcy In New Jersey
If you’re considering filing for Chapter 13 bankruptcy in New Jersey, it’s important to understand the key aspects of the process. Below are some frequently asked questions that can help clarify what to expect during your bankruptcy journey:
How long does a Chapter 13 bankruptcy repayment plan last in New Jersey?
A Chapter 13 bankruptcy repayment plan in New Jersey typically spans three to five years, depending on your income level and the specific details of your case.
What assets or property will I lose if I file Chapter 13 bankruptcy in New Jersey?
In Chapter 13 bankruptcy, you generally retain ownership of your assets and property. The focus is on reorganizing your debts into a manageable repayment plan rather than liquidating assets.
What is the role of the trustee in a New Jersey Chapter 13 bankruptcy plan?
In a New Jersey Chapter 13 bankruptcy, the trustee oversees the bankruptcy process, ensuring that your repayment plan is followed and that creditors receive their designated payments under the terms of the plan.
If you have more questions or need personalized guidance through your Chapter 13 bankruptcy process, please don’t hesitate to reach out to us for a consultation.
Chapter 13 Bankruptcy Lawyers Serving Northern And Central New Jersey
Reorganize your debts through a Chapter 13 bankruptcy. We offer a free one-half-hour consultation to help you learn more. To schedule a consultation, call 973-414-8069 or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.