NJ Bankruptcy Lawyers
Top Bankruptcy Attorneys and Home Foreclosure Defense Attorneys.
Over 750 ★★★★★ Google Reviews
Contact Our Attorneys Today
Experienced New Jersey Bankruptcy Attorneys
For many, just the thought of filing for bankruptcy feels distressing. However, bankruptcy can be a useful tool for financial relief depending on your circumstances. When debt collectors are relentlessly hounding you or when you find yourself unable to keep up with payments, bankruptcy can give you the fresh start you need. With the support of a NJ bankruptcy lawyer, you can approach bankruptcy with confidence.
The team at Sadek Bankruptcy Law Offices can help you successfully file for bankruptcy in New Jersey. Our local bankruptcy attorneys have extensive experience in bankruptcy law and are ready to help you take the first steps towards financial freedom. Call (856) 890-9003 to schedule your free consultation with the Sadek Bankruptcy law firm.
What is Bankruptcy?
Bankruptcy is a legal procedure that provides relief to debtors. Both individuals and businesses can apply for bankruptcy as a means of debt relief. Like most legal matters, bankruptcy law can be complex and difficult to understand. For this reason, hiring an experienced NJ bankruptcy attorney is vital.
How Does Bankruptcy Work in New Jersey?
After you decide to file for bankruptcy, you’ll need to determine which chapter of the U.S. Bankruptcy Code to file under. The two most common chapters that consumers file under include Chapter 7 and Chapter 13. From there, your New Jersey bankruptcy attorney will guide you in gathering financial documents, completing credit counseling, and preparing the petition to file with the New Jersey Bankruptcy Court.
Once you file, the court issues an automatic stay. This immediately stops most collection efforts, including wage garnishments, foreclosure actions, and creditor harassment. The automatic stay provides important relief while your case moves forward. A bankruptcy trustee will then be assigned to review your petition and oversee your case.
The next stage usually involves a 341 meeting of creditors, where you answer basic questions about your finances. For Chapter 13, the court must also approve your repayment plan. When the process is complete, eligible debts are discharged, giving you the chance for a financial fresh start.
Types of Bankruptcy We Handle
At Sadek Bankruptcy Law Offices, we support clients throughout the entire process of filing bankruptcy. We’ll carefully evaluate your circumstances and help you determine if bankruptcy is the right choice for you. If it is, our New Jersey bankruptcy attorneys can help you with the following types of bankruptcy cases.
Chapter 7 Bankruptcy New Jersey
Chapter 7 bankruptcy, also known as liquidation bankruptcy, allows a consumer to liquidate (sell) their assets in order to pay off certain debts. Other debts, such as medical bills, unsecured loans, and credit card debt, may be completely discharged, allowing the consumer to achieve a completely fresh start.
Depending on your circumstances, Chapter 7 may significantly reduce or even totally eliminate your debts. When you need a Chapter 7 Bankruptcy lawyer in New Jersey, don’t hesitate to call the Sadek Bankruptcy Law Offices.
Chapter 13 Bankruptcy New Jersey
Rather than repaying debts through liquidation, Chapter 13 Bankruptcy allows debtors to restructure their debts under a repayment plan. Depending on the debtor’s monthly income, repayment plans under Chapter 13 Bankruptcy can last 3 to 5 years. Those who want to hold onto certain assets may find this option preferable to Chapter 7 Bankruptcy. For example, if you hope to save your home from foreclosure, Chapter 13 Bankruptcy may help you.
If you’re ready to learn more about whether you qualify for Chapter 13 Bankruptcy, contact Sadek Bankruptcy Law Offices today. New Jersey Chapter 13 Bankruptcy attorney Brad J. Sadek will help you consider your options and provide experienced guidance throughout the bankruptcy process.
Chapter 7 Business Bankruptcy New Jersey
Chapter 7 Bankruptcy is also available for business entities, allowing them to close debt-free. A court-appointed Trustee will liquidate the business’s remaining assets to pay off creditors. With their debts paid, the owners are free to pursue new business opportunities.
Our New Jersey Chapter 7 Business Bankruptcy attorneys can provide professional legal advice for local business owners considering bankruptcy.
Should I File Bankruptcy?
If you’re struggling financially, bankruptcy is an option that can help you gain some financial freedom. Whether you’ve fallen behind on debts, had unexpected and costly medical expenses, or are struggling to keep up with mortgage payments, bankruptcy can offer relief.
Brad J. Sadek’s practice focuses on bankruptcy law, providing clients with knowledgeable and experienced legal support for bankruptcy matters in New Jersey. If you’re wondering if you should file for bankruptcy, discuss your options with our team today.
When to File Bankruptcy in New Jersey?
Bankruptcy is a useful process for many seeking debt relief. If you’re unable to keep up with paying off debts and want to stop creditor harassment, bankruptcy can stop creditors from contacting you while providing you with opportunities for repayment.
Bankruptcy can also be helpful when creditors go after your wages or your bank account. In most cases, filing for bankruptcy stops debt collection. If you’re struggling due to wage garnishments or bank levies, bankruptcy can temporarily halt those types of debt collection.
Those hoping to avoid foreclosure on their home can also benefit from bankruptcy. Specifically, Chapter 13 allows you to restructure your debts without liquidating your assets.
What Can a New Jersey Bankruptcy Lawyer Do?
Financial struggles can seem impossible to overcome. Figuring out your options for financial relief, going through the necessary processes, and getting together your financial records on your own would be extremely difficult. Misunderstanding the law or making mistakes on your paperwork can cost you time and money. Having legal support can help you avoid taking on additional stress and enable you to secure financial relief sooner.
At Sadek Law, our New Jersey bankruptcy lawyers are experienced in helping clients in a variety of financial situations. If you’re not certain whether bankruptcy is the right option for you or which type of bankruptcy is best suited to your circumstances, an attorney can help you figure that out.
Our attorneys also utilize their extensive legal knowledge and experience in bankruptcy law to ensure that every step of the bankruptcy process goes as smoothly as possible. Your lawyer will help you go over your finances, file your petition, and be there to support you through every step of the entire process.
Areas We Serve in New Jersey
At Sadek Bankruptcy Law Offices, our team is dedicated to making your bankruptcy experience as hassle-free as possible. We also understand that clients seeking bankruptcy are already struggling financially, so we offer a free initial consultation to get you started.
Our South New Jersey bankruptcy lawyers provide a variety of services to those in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Ocean, and Salem counties. We are proud to serve the residents of Gloucester Township, Cherry Hill, Atlantic City, Washington Township, Burlington Township and Burlington City, Egg Harbor Township, and more.
We also have 4 convenient office locations, including offices in Mount Laurel, Moorestown, Cherry Hill, and Egg Harbor.
Contact Sadek Bankruptcy Law Offices Today for a Free Bankruptcy Consultation
Don’t struggle through figuring out bankruptcy on your own. Save yourself time, money, and unnecessary frustration by relying on the knowledge and experience of a legal team with a practice focus in bankruptcy. The team at Sadek Bankruptcy Law Offices has helped clients throughout the South Jersey area obtain a fresh start through bankruptcy. Whatever the circumstances are that have led you to consider bankruptcy, our team is ready to help.
Take the first step towards financial relief when you contact the Sadek Bankruptcy Law Offices. To schedule your free consultation, call (856) 890-9003 or contact us online.