Fairview, New Jersey, Bankruptcy Lawyer
Whether brought on by an illness, unemployment, divorce or other circumstances, excessive debt can cause serious financial problems for virtually anyone. If you are unable to pay your bills or are facing foreclosure, repossession and other consequences, bankruptcy may be a viable option for you. At the law office of John H. Anlian, Attorney at Law, we provide informative, supportive and practical representation to clients considering filing for bankruptcy.
Are you overwhelmed with debt? Filing for Chapter 7 or Chapter 13 bankruptcy may be the right choice for you. Contact our firm today to arrange your consultation.
Chapter 7 And Chapter 13 Bankruptcy: What Is The Difference?
In Chapter 7 bankruptcy, non-exempt assets are liquidated in order to pay off the majority of your debt, while the remainder is discharged. Consumers interested in filing for Chapter 7 bankruptcy will be required to qualify under a means test, which takes into consideration, among other factors, the income of the individual in relation to the median income in New Jersey. Please note that if you file for Chapter 7 bankruptcy you may be able to keep your home, car and other necessary possessions.
For those who are ineligible to file for Chapter 7 bankruptcy, Chapter 13 bankruptcy may be the next best option. Chapter 13 bankruptcy, also known as “wage earner” bankruptcy, is a process under which debt is reorganized and some/all is paid back within three to five years. You must also qualify for this type of bankruptcy in order to file.
While both of these forms of bankruptcy can help individuals regain control of their finances, the type of bankruptcy that is right for you depends entirely upon your specific situation. Mr. Anlian helps our clients make sound choices during this process by providing them with a realistic assessment of their options.
Mr. Anlian has in-depth experience working with Bankruptcy Courts, trustees and creditors alike. He provides comprehensive assistance to our clients—from filing automatic stays to protect against repossession and foreclosure to the final discharge of debt. In addition, he also provides assistance to business owners interested in filing Chapter 11 bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.