Bergen County in New Jersey is presently the most densely-populated county in the Garden State. Though Bergen County is carved into 70 divergent municipalities, its most populated region is Hackensack, with over 43,000 residents. Many folks believe bankruptcy is a last-resort decision made by people who have no other route left. These individuals fall into the traps of misleading companies with supposed “answers” like debt resolution, debt consolidation, credit management, debt relief, and so on, and begin throwing away their resources and time in this fruitless effort to restore their financial status.
The lawyers of Scura, Wigfield, Heyer, Stevens, & Cammarota can help divert you from this deceptive path. With over 40 years of experience helping families stabilize their future, we can explore your financial options and solve any queries you may have about the bankruptcy process. With offices in Wayne, Hoboken, Newark, and Hackensack, our lawyers are ready to serve you.
Chapter 7, the most straightforward method of bankruptcy defense, allows the trustee to grab specific unprotected assets and vend them to help pay for a portion of what you owe to creditors. When this process is completed, the lingering quantity of debt you owe creditors is discharged.
Those assets safeguarded when filing include your numerous personal assets and retirement savings. Nonetheless, your assets such as your hefty vehicle collection and your summer home with significant equity can be grabbed and marketed to your creditors. The trustee in your bankruptcy case is permitted to sell your asset that contains a value exceeding the exemptions acceptable under the Bankruptcy Code.
If possess assets you would forfeit in Chapter 7 or if your current earnings surpass the amount eligible to file Chapter 7, you may be encouraged to file Chapter 13. This process can help you unite and lower your unsecured debt, avoid repossession of your vehicles, stop your home from being in foreclosed or in a sheriff sale, and discharge specified tax debts.
Our New Jersey attorneys will be your advocate in fighting to restore you and your family’s life. Take the next step to financial and personal recovery and reach out to our office for a free consultation at (973) 330-8508.