Chapter 7 Lawyer Burlington County
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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 Bankruptcy Lawyer in Burlington County
If you’re considering filing for bankruptcy and are in need of a Chapter 7 lawyer, Burlington County residents can trust the attorneys at Sadek Bankruptcy Law Offices. We are dedicated to helping individuals and families in Southern New Jersey find relief from unmanageable debt. Our experienced Chapter 7 bankruptcy lawyers are here to guide you through the process and help you achieve the financial freedom you deserve.
As a firm serving Burlington County, NJ, and beyond, we pride ourselves on offering compassionate, client-focused legal representation to the area’s residents. We understand how stressful financial difficulties can be, which is why we take the time to explain your options to you thoroughly and provide you with personalized advice.
Take the first step toward financial stability–call (856) 890-9003 to schedule your free consultation with a member of our New Jersey legal team today.
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy, also known as liquidation bankruptcy, is a legal process designed to help individuals or businesses eliminate unsecured debts, such as credit card bills or medical expenses. This is done by liquidating, or selling, non-exempt assets.
In addition to providing significant debt relief, Chapter 7 bankruptcy can protect someone from creditor harassment, giving them room to breathe and handle their finances without the stress of constant phone calls. A New Jersey Chapter 7 bankruptcy lawyer at Sadek Bankruptcy Law Offices can help determine whether Chapter 7 bankruptcy is right for you.
Difference Between Chapter 7 and Chapter 13 Bankruptcy
There are two main types of bankruptcy that individuals will file under within the United States Bankruptcy Code: Chapter 7 and Chapter 13. The primary difference between Chapter 7 and Chapter 13 bankruptcy lies in how debts are managed.
Chapter 7 involves liquidating non-exempt assets to pay off unsecured debts, while Chapter 13 involves restructuring debts in order to repay them in a more manageable way. Chapter 7 is best suited for those with limited income and few assets, while Chapter 13 is ideal for individuals with a steady income who can afford to make regular payments to creditors.
How Does Chapter 7 Bankruptcy Work in Burlington County?
In Burlington County and across the United States, Chapter 7 bankruptcy works by allowing individuals or businesses to discharge unsecured debts through a court-supervised process. Once a bankruptcy petition is filed, a court-appointed trustee reviews the debtor’s financial situation and identifies any non-exempt assets that may be sold to pay creditors.
While this may seem scary, most personal bankruptcies involve exemptions that allow individuals to keep essential property like a home or vehicle. After the liquidation process (if applicable), the court grants a discharge, relieving the debtor of responsibility for most remaining debts, typically within four to six months.
Who Qualifies for Chapter 7 Bankruptcy in Burlington County?
To qualify for Chapter 7 bankruptcy relief, an individual must pass the means test, which compares their income to the median income for a household of the same size in their state. If their income is below the median, they typically qualify. Additionally, the filer must not have received a Chapter 7 discharge within the past eight years or a Chapter 13 discharge within the past six years.
If you’re wondering whether or not you qualify, our bankruptcy lawyers can evaluate your financial situation to determine whether or not you qualify for Chapter 7.
What Disqualifies Someone from Filing Chapter 7 Bankruptcy?
If someone fails the means test, it likely means that they have the disposable income in order to pay their debts and would not be eligible to file for Chapter 7 liquidation bankruptcy. Additionally, recent bankruptcy filings, including a Chapter 7 discharge in the last eight years or a Chapter 13 discharge in the last six years, would disqualify a person from filing for bankruptcy again.
Lastly, failing to provide required documentation, such as tax returns or proof of income, or engaging in fraudulent activity, such as attempting to hide assets, can result in disqualification. If you’re having trouble filing for bankruptcy in New Jersey, an experienced Burlington County, NJ, bankruptcy attorney at Sadek Bankruptcy Law Offices can look into your case and determine the cause of the issue.
What Debts Can Be Discharged Through Chapter 7?
Chapter 7 bankruptcy can discharge various types of unsecured debts, relieving the filer from legal responsibility to repay them. Potential dischargeable debts include:
- Credit card debt
- Medical bills
- Personal loans
- Utility bills
- Payday loans
- Past-due rent
- Certain older tax debts
- Business debts
While many debts can be discharged, certain obligations—like child support, alimony, and most student loans—are typically not eligible for discharge under Chapter 7.
How to File Chapter 7 in Burlington County
To file for Chapter 7 bankruptcy in Burlington County, begin by gathering all necessary financial documents, including income records, expenses, debts, and a list of your assets. Complete the required credit counseling course within 180 days before filing, then prepare and file a bankruptcy petition with the U.S. Bankruptcy Court for the District of New Jersey. This includes schedules detailing your financial situation and a means test form.
Once filed, an automatic stay takes effect, halting collection actions. A court-appointed trustee will review your case and oversee any asset liquidation, if you have assets that need liquidation. Finally, attend the mandatory meeting of creditors and complete a debtor education course to receive a discharge.
If you want to avoid costly errors and ensure you retain as much of your personal property as possible, work with one of the Burlington County, New Jersey lawyers at Sadek Bankruptcy Law Offices throughout the entirety of your Chapter 7 bankruptcy case. Working with a knowledgeable bankruptcy attorney can help streamline the process and ensure that you receive the maximum benefit from your filing.
How Can Our Chapter 7 Lawyers Help You?
Suffering from financial problems and considering filing for bankruptcy? The Burlington County, NJ lawyers at Sadek Bankruptcy Law Offices can guide you through every step of the bankruptcy process to ensure a smooth and successful filing, giving you a fresh start. Attempting to file on your own can lead to costly mistakes, such as incomplete paperwork, missed deadlines, or errors on forms, which may result in your case being delayed or dismissed.
Our knowledge of U.S. bankruptcy law and the New Jersey bankruptcy court system can help make the filing process quick and painless, all while ensuring that your filing is as beneficial for you as possible.
Contact a Burlington County Bankruptcy Attorney at Sadek Law Today to Achieve Debt Relief
If you’re overwhelmed by debt and looking for a way to regain control of your finances, the experienced team at Sadek Bankruptcy Law Offices is here to help. Our skilled bankruptcy attorneys are dedicated to guiding you every step of the way, ensuring your case is handled efficiently.
Our Burlington County, Burlington Township, and Burlington City bankruptcy attorneys are proud to serve a number of areas in New Jersey. We provide bankruptcy assistance and foreclosure defense to the residents of Edgewater Park, Lumberton, Maple Shade, Moorestown, Mount Holly, Mount Laurel, North Hanover, Pemberton, Riverside, Willingboro, and more.
In addition to serving these areas, we have offices in Moorestown and Mount Laurel in Burlington County, as well as offices in Cherry Hill, NJ, and Egg Harbor, NJ.
Call our bankruptcy lawyers in New Jersey at (856) 890-9003 or contact us online to schedule a free consultation with a member of our legal team regarding your case.
To arrange a free and confidential consultation with a Philadelphia bankruptcy attorney regarding your legal matter, call our Philadelphia headquarters at 215-545-0008.
Work with Our Dedicated and Experienced Bankruptcy Lawyers
Sadek Bankruptcy Law Offices, LLC has a dedicated team of lawyers who help clients achieve the benefits of bankruptcy in Pennsylvania and New Jersey. Our lawyers have over 75 years of combined experience and have filed more than 5,000 successful bankruptcy cases.