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Phone: 856-281-2431
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427 North Packard Street
Hammonton, NJ, 08037
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Helping You Get A Fresh Start
Proudly Serving: The Entire State of New Jersey
Thousands of people in New Jersey and millions around the country are saddled with astronomical levels of debt. These debts may be in their name, or their business may owe money to lenders or other businesses. Either way, they may feel as if there is no way out and that they will be in debt forever.
Fortunately, bankruptcy laws in the United States allow for people in certain situations to declare that they will never be able to pay their debts. By following legally prescribed programs, indebted people and companies may be able to discharge their debt for a fraction of its value. If you are facing serious debt, a New Jersey bankruptcy lawyer could help you choose the plan of action that is best suited for your needs and put that plan into action.
In general, a person or company may declare bankruptcy at any time. However, bankruptcy may require a person to sell many of their personal assets to pay off debtors. Bankruptcy will also appear as a negative mark on a person’s credit report. Most lenders will hesitate to provide credit to people with a bankruptcy on their record.
The basic idea of bankruptcy is that a person declares they no longer have the means to pay their debts and acknowledges this fact before a court. If everything goes according to plan, the debts are discharged and creditors can no longer pursue the debtor for payment.
Still, bankruptcy could provide essential relief to someone’s finances and peace of mind in the right circumstances. A New Jersey bankruptcy attorney could help individual clients determine if this is the right choice for them.
The idea of not being able to pay the bills keeps many people up at night, fearful of the constant collection calls and the public stigma of being in debt. However, many of those people could turn to the United States bankruptcy courts for relief. These courts could establish payment plans to discharge debt, or even order the liquidation of a company’s assets to satisfy creditors.
A New Jersey bankruptcy lawyer could help with this process by meeting with you to discuss your potential options, choose the one that best fits your needs, and follow the plan through to completion. Contact a dedicated local attorney today to get started on your road back to financial stability.
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Disclaimer: We are a federally designated debt relief agency. We help people file for relief under the United States Bankruptcy Code. We are a federally designated debt relief agency. We help people file for relief under the United States Bankruptcy Code. Before making your choice of attorney, you should give this matter careful thought. The selection of an attorney is an important decision. If this information is inaccurate or misleading, report same to the Committee on Attorney Advertising, Hughes Justice Complex, P.O. Box 037, Trenton, New Jersey 08625.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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