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Home >> Practice Areas >> New Jersey Bankruptcy Attorney
 

New Jersey Bankruptcy Attorney

 

Personal Bankruptcy Attorneys

 

Bankruptcy always has a social obligation attached with it due to which its real benefits are never been exposed to the society. Here at Samuel D. Bornstein, P. A. Our Bankruptcy Attorney/ Lawyer intend to show you the actual side of bankruptcy, which has protected many American people and their families from the stage of unseen circumstances.

Filing Bankruptcy is a tough decision to make. Many Americans have filed personal bankruptcy in order to amend their financial conditions. Bankruptcy could be very much helpful for you to restrict foreclosure of your home. Filing Bankruptcy also prevents you from debt collector harassment and allows you to get a fresh financial start.

Many people from New Jersey NJ and the rest of United States have turned to Samuel D. Bornstein, P. A. law firm for a bankruptcy attorney's/lawyer's assistance. Our bankruptcy Attorney/ Lawyer can also help in explaining bankruptcy laws to you. Our law firm is committed in helping you file for bankruptcy in the best and safest legal way. If you are considering filing for bankruptcy and need any assistance to understand your legal options, our bankruptcy lawyers in New Jersey NJ can assist you in this matter.

Our law firm provides analytical understanding of bankruptcy law categories in New Jersey, United States. This law consists of two main phrases: Chapter 7 and Chapter 13. Our bankruptcy attorney/ lawyer are dedicated to help the clients with the respective chapter and ensure to prevent you from debt collector harassment. A quick overview on both the chapters is as under.

 
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Chapter 7 Commonly Used When Chapter 13 Commonly Used When
You have little property except for the basic necessities like furniture and clothing. You have significant equity in a home or other property and you want to keep it.
You have little or no money left after paying basic expenses each month or you are not even meeting basic expenses. You have regular income and can pay your living expenses, but you can't keep up the scheduled payments on your debts.
Advantages of Chapter 7 Advantages of Chapter 13
Most unsecured debts can be discharged (completely eliminated) You can keep most of your property while spreading out time to pay past due accounts
The process moves quickly, you may receive your discharge in just a few months You'll have 3-5 years to catch up delinquent accounts according to a schedule that you and the bankruptcy trustee have agreed is workable for you.
Creditors can't contact you while the automatic stay is in effect or after debts are discharged. You'll make one monthly payment to the bankruptcy trustee for distribution. You will have no direct contact with creditors during the protection period of 3-5 years.
  Co-signers may be protected
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