Chapter 13 Lawyer Camden County
Top Bankruptcy Attorneys and Home Foreclosure Defense Attorneys.
Over 750 ★★★★★ Google Reviews
Contact Our Attorneys Today
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.
Achieve Lasting Debt Relief by Filing Chapter 13 in Camden County
Are you suffering from mounting debt and want to regain control of your finances? Filing for Chapter 13 bankruptcy may be the solution you need. If you’re searching for an experienced and reliable Chapter 13 lawyer, Camden County, NJ, residents can trust the attorneys at Sadek Bankruptcy Law Offices.
We understand how overwhelming debt can be, and how difficult it can be to catch up on payments when you get behind. That’s why we’re so committed to helping you take back control of your finances and put your best foot forward. Our Camden County bankruptcy lawyers will work closely with you to create a repayment plan that fits your budget, address creditor actions, and protect what matters most to you.
Call (856) 890-9003 to schedule a free consultation with a bankruptcy attorney on our team regarding your case.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a legal process that allows individuals to reorganize their debt and create a repayment plan based on their income and expenses. Chapter 13 enables debtors to keep their property while making affordable payments to creditors over three to five years.
This option is often used by those with regular income who want to catch up on missed mortgage payments, manage tax debts, or restructure other financial obligations. Our New Jersey Chapter 13 bankruptcy attorneys can help you understand your options and determine if Chapter 13 bankruptcy is right for you.
Chapter 7 vs Chapter 13
In general, consumers tend to file for bankruptcy under either Chapter 7 or Chapter 13 of the United States Bankruptcy Code, depending on their income. Chapter 7 involves liquidating non-exempt assets to pay off creditors and completely discharge unsecured debts, such as medical bills and credit card debt. However, this type of bankruptcy is typically only available to individuals under a certain income level.
Chapter 13, on the other hand, allows individuals to create a more manageable payment plan to pay off debts over three to five years. This allows those with a steady income to catch up on secured debts like mortgages or car loans, all while keeping their assets.
Who Is Eligible to File Chapter 13 in Camden County?
To qualify for Chapter 13 bankruptcy in Camden County, an individual must have a regular source of income that can support a repayment plan. Their secured and unsecured debts must fall within certain limits set by federal law.
Additionally, the debtor must be current on their tax filings and cannot have had a bankruptcy petition dismissed within the past 180 days for failure to comply with court orders or appear in court. A bankruptcy attorney on our team can evaluate your financial situation and determine whether or not you are eligible for Chapter 13.
Who Is Not Eligible to File Chapter 13 in Camden County?
Those who are not eligible for Chapter 13 in Camden County are those with too much debt or too little income. If someone’s secured debts exceed the legal limit of approximately $2.75 million or if their unsecured debts surpass around $465,000, they will be deemed ineligible.
Additionally, if someone does not have a reliable source of income to fund a repayment plan, they will not qualify. Those who have had their bankruptcy petition dismissed within the past 180 days due to noncompliance with court orders or failure to appear in court are ineligible. Business entities like corporations or partnerships are also ineligible to file under Chapter 13, as it is reserved for individuals.
If you’re worried about being ineligible for Chapter 13 bankruptcy relief in Camden County, a bankruptcy lawyer at Sadek Bankruptcy Law Offices can help evaluate your circumstances and help you plan a path forward.
Why Might Someone File Chapter 13 Bankruptcy?
Someone might file for Chapter 13 bankruptcy to protect their home, car, or other valuable assets while managing overwhelming debt. This option is ideal for individuals with a steady income who need to catch up on missed mortgage payments or car payments, repay tax debts, or consolidate financial obligations into a single, manageable plan.
What Are the Benefits of Chapter 13 Bankruptcy?
Filing for Chapter 13 bankruptcy can provide a number of benefits, including:
- Protection from foreclosure and repossession
- Creation of a manageable repayment plan
- Retention of important assets like your home and car
- Stopping creditor harassment and collection efforts
- Discharge of remaining unsecured debts after the repayment period
- Opportunity to repay missed mortgage or car payments over time
- Protection for co-signers on certain consumer debts
- Restructuring of secured debts with potential adjustments to terms
By choosing Chapter 13 bankruptcy, you can take control of your finances while working toward a debt-free future. If you’re ready for a fresh start, call Sadek Bankruptcy Law Offices to discuss your debt relief options with an experienced local bankruptcy attorney.
What Is the Chapter 13 Bankruptcy Process in Camden County?
To file for Chapter 13 bankruptcy in Camden County, New Jersey, start by completing the required credit counseling session within 180 days before filing. Next, gather the necessary financial documents and fill out the required bankruptcy forms, including your proposed repayment plan.
Submit these documents along with the filing fee to the U.S. Bankruptcy Court for the District of New Jersey. Once filed, attend the 341 Meeting of Creditors and participate in a confirmation hearing where a judge will decide whether to approve your proposed plan. Once confirmed, begin making payments as outlined in the plan to your Chapter 13 trustee.
Before you ever start the Chapter 13 bankruptcy process, seeking assistance from an experienced bankruptcy attorney is the best way to ensure your case is handled correctly. Luckily, the NJ debt relief lawyers at Sadek Bankruptcy Law Offices can walk you through every step of the process and ensure everything is done correctly and in accordance with U.S. bankruptcy law.
How Can Our Chapter 13 Bankruptcy Lawyers Help You?
At Sadek Bankruptcy Law Offices in Camden County, NJ, our Chapter 13 bankruptcy lawyers provide comprehensive support to help you regain financial stability. With our in-depth knowledge of consumer and business bankruptcy law, we’ll thoroughly assess your financial situation to determine if Chapter 13 is the most suitable option. Then, our attorneys will assist in preparing and filing all necessary documents with the bankruptcy court, ensuring accuracy and compliance with legal requirements.
We can aid in developing a feasible repayment plan tailored to your circumstances and represent you in court proceedings, including the Meeting of Creditors and confirmation hearings. Throughout the repayment period, an NJ bankruptcy attorney on our team will offer you ongoing guidance to help you adhere to the plan and address any arising issues, aiming to protect your assets and achieve financial freedom.
Schedule a Free Consultation with a Camden County Chapter 13 Attorney
If you’re struggling with overwhelming debt and need a solution that allows you to protect your assets while regaining financial stability, our team at Sadek Bankruptcy Law Offices is here to help. Filing for Chapter 13 bankruptcy can be a complex process, but with the guidance of an experienced NJ bankruptcy attorney, you can create a repayment plan that works for your unique financial situation.
Take the first step toward a fresh start by scheduling a free consultation with a trusted NJ bankruptcy attorney at Sadek Bankruptcy Law Offices. We serve a variety of areas in Camden County, including Berlin, Collingswood, Gloucester City, Pennsauken, Voorhees, Winslow, and more. Additionally, we have an office in Cherry Hill.
We offer free initial consultations to all new clients, so call our law firm at (856) 890-9003 or contact us online to schedule today.
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.