Bankruptcy Lawyers In New Jersey
Throughout their lifetimes, individuals try to protect themselves and the ones they love from financial hardship. But despite the best intentions and even meticulous planning, hard times can come and go with or without mistakes on their part.
If you are feeling the stress of financial difficulty, it may be time to consult the bankruptcy attorneys at Hoffman DiMuzio. Whatever alarming problems you are facing for the first time, our skilled bankruptcy lawyers have seen time and time again, and will guide you toward the most favorable outcome.
Filing for Bankruptcy In New Jersey
If your debt exceeds your income and the value of your assets, you are most likely concerned over the prospect of losing your home. Let the NJ bankruptcy lawyers of Hoffman DiMuzio provide some relief by advising you of all options available to you under Federal Bankruptcy regulations. We have extensive experience in this area and will guide you as to which form of bankruptcy, Chapter 7 or Chapter 13, is available to you.
Chapter 7 Bankruptcy
Those with little or no disposable income usually qualify for Chapter 7. In this scenario, unsecured debt, including credit card debt and medical bills, are liquidated, or wiped clean.
Will I lose my home if I file for Chapter 7 Bankruptcy?
Your primary residence and other basic necessities cannot be used to pay down the debt, so it is unlikely you will lose your home. Non-exempt assets may be sold to pay off non-secured debt.
Chapter 13 Bankruptcy
Individuals and small business owners who are in financial difficulty may avail themselves of protections under Chapter 13. Debtors with enough income who can pay back a portion of the debt through a carefully constructed repayment plan have the ability to reorganize their finances into a more manageable plan.
Choosing A Bankruptcy Lawyer In NJ
The skilled NJ bankruptcy attorneys at attorneys at Hoffman DiMuzio have been providing bankruptcy services to individuals, families and businesses in South Jersey and Philadelphia since 1978. Expertise when dealing with bankruptcy cases in New Jersey is critical in providing clients with the best possible outcome. Financial recovery is the ultimate goal.
Hoffman DiMuzio attorneys are conveniently available to you in five locations in New Jersey – Woodbury, Franklinville, Sewell, Turnersville, Mullica Hill, as well as a Philadelphia office as a convenience for those who reside in NJ but work in the city.
Hoffman DiMuzio's bankruptcy lawyers will be happy to meet you at any one of its six office locations; whichever is most convenient for you.
To set up a consultation, please call 856-637-3000. Or, if you'd prefer, you may fill out a brief contact form online and a representative at the firm will get in touch with you shortly.
Hoffman DiMuzio is a full-service law firm, helping with all phases of life changes and events. Whatever your current obstacle to full enjoyment of life is, Hoffman DiMuzio has the expertise, empathy and approach toward a favorable resolution. Think of Hoffman DiMuzio as your law firm for whatever legal hurdles you face in life.
Disclaimer: please note this page was written to provide information about the law and is not legal advice. Click here to read more about our disclaimer and our fees and services.