The first thing to understand, if you are considering filing bankruptcy, is that it is a legal remedy that is designed to prevent inhumane treatment of debtors. It has existed as a legitimate legal option for overwhelmed debtors throughout the entire legal history of the United States. Many famous people in our nation's past, and many prominent public figures in today's modern life have used bankruptcy as a tool to get past financial disaster and get a fresh start.
Have You Explored Alternatives to Bankruptcy?
Assuming that you have arrived at a point of considering and wanting to discuss bankruptcy as an option, you may also be interested in what alternatives to bankruptcy exist and which are in fact in your best interest. You may have already tried courses of action such as the following to confront your overwhelming financial problems:
- Negotiate directly with creditors and persuade them to lower payments or interest rates
- Take advantage of well-advertised "debt reduction" programs
- Sign up with a company that does "debt counseling" together with "debt consolidation" for clients
- Sell things of value to raise funds to pay off debts
- Get a second job
- Take in a renter
- Downgrade the type of car that you drive
- And so on
New Jersey Bankruptcy Lawyers Offer Real Legal Solutions
No one should insult your intelligence by assuming that you have not explored every alternative to bankruptcy that might work for you when you face more debt than you can repay under your individual circumstances. At the New Jersey bankruptcy law firm of Scura, Mealey, Wigfield & Heyer, LLP, our bankruptcy attorneys have helped many people explore options, and they have helped many of them file for bankruptcy:
- Chapter 7 (often called "debt discharge" bankruptcy because most or all consumer debt can usually be wiped out through Chapter 7)
- Chapter 13 (by which a debtor repays a portion of accumulated debts over a specified period of time)
- Chapter 11 (typically for businesses)
Our Hoboken Chapter 7 Bankruptcy Lawyers Understand Your Situation
Most people who file for bankruptcy do so because of some unfortunate turn of event in life:
- They lost a job — either their primary job or a second job with which they had financed debt.
- They were demoted or otherwise experienced a decrease in income.
- They had a car accident, surgery or house fire.
- They were approaching or recovering from a divorce.
- A family member had a medical crisis, such as cancer or a catastrophic injury.
Some simply said "yes" to creditors' overaggressive extension of credit, and got in over their heads in debt. Whatever your story is, we sympathize with your financial difficulties. At the same time, we have real solutions to offer. Our attorneys and staff offer personalized service along with effective counsel and representation for each client seeking advice on bankruptcy or bankruptcy alternatives.
Hoboken Chapter 7 Bankruptcy Lawyers
Contact one of our lawyers today for a free initial consultation. We have offices in Wayne and Hoboken to serve you better. We represent clients from many surrounding counties including the following:
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