Camden, NJ Bankruptcy Attorney and Foreclosure Attorney
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EVALUATION
At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.
AVAILABLE
Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.
AND NJ
In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.
Experienced Camden, NJ Foreclosure and Bankruptcy Attorneys
While filing for bankruptcy can be a difficult decision, it may be your path to financial relief. Additionally, it can provide you with crucial protections against foreclosure, creditor harassment, and more. With the help of an experienced Camden, NJ bankruptcy attorney, you can decide if bankruptcy is the right choice for you.
Attorneys with Sadek Bankruptcy Law Offices have substantial experience in foreclosure and bankruptcy law. We understand how the pressure of owing debt and the harassment of debt collectors can become overwhelming. If you’re at risk of foreclosure, stress can become even worse. Allow our team to help alleviate that stress. We work diligently to help clients struggling with financial troubles.
Don’t wait to begin your journey to financial relief. Discuss your situation with foreclosure and bankruptcy attorneys in NJ today. Contact us at (856) 890-9003 to schedule a free consultation.
Types of Bankruptcy our Camden, New Jersey Lawyers Can Handle
If you’re considering bankruptcy, it is crucial to seek the services of an experienced bankruptcy lawyer. NJ attorneys have a thorough understanding of the United States Bankruptcy Code and can provide the support you need.
Individuals and businesses in Camden, NJ can depend on the Sadek Bankruptcy Law Offices for professional legal assistance. Our team offers debt solutions through Chapter 7 and Chapter 13 bankruptcy. While many have heard of Chapter 7 and Chapter 13 bankruptcy, not everyone understands how the bankruptcy process actually works. Our attorneys can explain how bankruptcy works and your options for filing. Sadek attorneys also assist New Jersey homeowners and business owners through the process of qualifying for the right chapter of bankruptcy.
Chapter 7 Bankruptcy
Chapter 7 is also known as “liquidation bankruptcy” and allows debtors to repay debts through the sale of assets and property. An individual person or a married couple may file Chapter 7 bankruptcy. Before filing, the individual or couple must pass the means test. This screening tool determines if income is low enough to qualify for Chapter 7. If your surplus funds are too high for Chapter 7, you can consider other bankruptcy options.
In specific circumstances, Chapter 7 bankruptcy can result in discharged debts. This releases the debtor from the obligation to pay those debts. For this reason, Chapter 7 can be particularly helpful for people with unsecured debts. However, not all debts are dischargeable through bankruptcy. Consult with our New Jersey Chapter 7 bankruptcy lawyers today to learn if Chapter 7 can help you.
Chapter 7 Business Bankruptcy
Camden, NJ businesses, including limited liability companies (LLC), partnerships, and sole proprietorships, can file Chapter 7 bankruptcy as well. Similar to personal Chapter 7 bankruptcy, business Chapter 7 cases involve repaying debts by selling assets. The key difference is that, for businesses, this is usually part of the process of closing operations.
Chapter 7 business bankruptcy can be useful for business owners who want to clear debts so they can move on to new ventures without owing money. If you own a business in Camden, NJ and need help overcoming debt, call the Sadek Bankruptcy Law Offices. Our Chapter 7 business bankruptcy attorneys in New Jersey provide support and guidance throughout the bankruptcy process.
Chapter 13 Bankruptcy
If you are a homeowner facing the foreclosure process, hiring representation and filing for Chapter 13 may be a good option for you. This type offers a restructuring and reorganization of your debts to facilitate their repayment.
Through a Chapter 13 bankruptcy, debtors can reach an agreement with their creditors to arrange future repayment over a period of 3 to 5 years, until the debt is fully resolved. Camden residents can seek help for filing Chapter 13 bankruptcy with our New Jersey Chapter 13 bankruptcy attorneys.
Benefits of Filing Bankruptcy
Bankruptcy myths and stereotypes can sometimes give a misleading impression of bankruptcy. Depending on your situation, bankruptcy may offer significant benefits.
- Medical Debt Relief
The high costs of medical care can make it difficult to pay debt, even if you have insurance. Many Americans have insufficient insurance or even no insurance to cover their healthcare needs. In addition to the costs of everyday healthcare, unexpected illnesses and emergencies can result in significant debt.
If you, like others in America, are feeling the crushing weight of medical debt, filing for Chapter 7 or 13 can give you a way out. Chapter 13 restructures your debts to make them easier to pay and give you more time to pay them. Alternatively, you may qualify for debt discharge through Chapter 7. To learn more about how you can seek medical debt relief, speak with one of our NJ medical debt bankruptcy lawyers.
- Credit Card Debt Relief
Individuals and families struggling to make ends meet may rely on credit cards to fill in the gaps or cover unexpected expenses. Repaying credit card debt can become more difficult the more you use your credit card. Due to high interest rates, costs can increase significantly over time.
Bankruptcy can restructure credit card debt to make it more manageable or, in some cases, discharge it. Consult with a Credit card debt bankruptcy attorney in New Jersey to determine if bankruptcy is the best way to deal with your credit card debt.
- The Automatic Stay
If you’re overwhelmed by creditors calling you for payments, understanding the automatic stay can help you decide if bankruptcy is the right choice for you. The automatic stay is an immediate, court-ordered injunction that stops most creditors from taking any collection action once the bankruptcy petition has been filed. This includes foreclosure, car repossession, and wage garnishment from creditors.
However, an automatic stay cannot stop all collections. For example, the automatic stay does not apply to criminal fines or restitution, some tax debts, certain eviction proceedings, and domestic support obligations.
- Stop Creditor Harassment
Are you stressed because creditor calls won’t stop? Bankruptcy can make them stop. After filing a bankruptcy petition, creditors must stop not only collection actions but also all forms of contact. They may not contact you regarding your accounts as long as you have a pending bankruptcy case. In this way, filing for bankruptcy silences creditor harassment.
- Fresh Financial Start
If you want the chance to start fresh with a clean slate, bankruptcy may help you achieve financial freedom. Depending on which types of debts you have, bankruptcy may wipe out what you owe. Alternatively, it may allow you to get caught up with payments through a restructured payment plan. Although bankruptcy will appear on your credit report, starting fresh can allow you to more easily rebuild your score.
Camden, NJ Foreclosure Defense Lawyers
In addition to providing bankruptcy services, Sadek Bankruptcy Law Offices can also defend against foreclosure. Camden, NJ families and businesses trust our legal team to find solutions to their financial problems. Whether you’re facing home foreclosure from your mortgage lender or need help with tax lien foreclosure, we can help.
Is New Jersey a Judicial Foreclosure State?
Yes, New Jersey is a judicial foreclosure state, meaning foreclosure must go through the Office of Foreclosure in the Superior Court. Our NJ foreclosure lawyers are familiar with this court and the foreclosure process. They use their knowledge and experience to provide effective foreclosure defense.
Mortgage Foreclosure
If you fail to stay up-to-date on your mortgage payments, your lender can seek mortgage foreclosure. The lender initiates this procedure by sending a Notice of Intent to Foreclose and filing a complaint in court. Following this, the homeowner has a set number of days to respond to the lawsuit.
Experiencing a mortgage foreclosure on your home can be a daunting and overwhelming experience without the help of an attorney. Even if your lender offers to negotiate for a loan modification, you should seek legal counsel as soon as possible. Our New Jersey mortgage foreclosure attorneys can help you respond to the lender’s notice and complaint. We’ll help you contest the foreclosure case and provide reliable representation throughout the whole process.
Tax Foreclosure
Homeowners who have fallen behind on their property taxes may face a tax lien foreclosure. This type of foreclosure is a legal process in which the government takes ownership of a home through a lien due to delinquent taxes. After the seizure, the government will sell the home to cover the outstanding balance.
Sadek’s New Jersey tax foreclosure lawyers can walk you through your options to halt tax foreclosure. You may choose to file a Chapter 13 Bankruptcy, which will temporarily halt the sale of your home through the automatic stay. Alternatively, you may be able to reclaim your property through a right of redemption.
How the Camden, NJ Attorneys at Sadek Law Can Help
The Sadek legal team has more than 65 years of combined experience. We utilize our experience and knowledge in legal matters to the benefit of clients in Camden, NJ and the surrounding areas. If you’re struggling with financial issues and need a fresh start, allow our team to help.
We’ll closely examine your financial situation and offer personalized advice. Our attorneys can explain your options for financial relief, including the option to file bankruptcy. If you choose to file for bankruptcy, we can help you determine which chapter to file for. The Sadek legal team can also help you fill out complicated paperwork to ensure you avoid costly mistakes. We support our clients throughout every step of the bankruptcy process.
Call a Camden, NJ Bankruptcy and Foreclosure Lawyer at Sadek Law Today
If you want to create a better future for yourself and your family, bankruptcy may be beneficial for you. The Sadek legal team is prepared to work hard on your behalf to help you achieve financial relief. Regardless of your financial situation, we can offer personalized advice and guidance. If you need help with bankruptcy or foreclosure in Camden County, don’t hesitate to call.
Our law firm offers a free initial consultation to potential clients. During your consultation, we’ll address your concerns and evaluate if bankruptcy is the best choice for you. Contact Sadek Bankruptcy Law Offices today at (856) 890-9003 or complete our online contact form to schedule a consultation.