Hudson County Bankruptcy Lawyer
Whether you are struggling with credit card debt after losing your job or unable to keep up with your medical bills, Chapter 7 bankruptcy could provide you with the relief you are looking for. If you qualify, it could allow you to get rid of your debt while keeping your most important assets.
Free Initial Consultations for Bankruptcy Clients in Hoboken
At the law offices of Scura, Mealey, Wigfield & Heyer, LLP, our Hoboken Chapter 7 bankruptcy lawyers can help you explore your options and find a way to get rid of your debt. As a complete bankruptcy law firm, we serve individuals and small businesses across New Jersey and New York City.
While many Hoboken firms can offer Chapter 7 bankruptcy services, we handle every type of bankruptcy, including Chapter 13 and Chapter 11 debt reorganization. We will help you explore your full range of debt relief options.
What Can Chapter 7 Bankruptcy Do for You?
Also known as liquidation bankruptcy, Chapter 7 will allow you to retain most assets. In certain limited cases, if your assets are above your allowable exemptions, these assets can be sold and distributed to your creditors in order to satisfy your debt. Many people who file for Chapter 7 bankruptcy do not have any assets to distribute. If you do have assets that can be liquidated, the firm can advise you on other chapters under which you may be able to save these assets. When you file for Chapter 7 bankruptcy, you will get the following types of relief:
- Eliminate your credit card debt
- Prevent car repossession
- Stop wage garnishment and tax liens
- Stop foreclosure
Stop Harassing Credit Collection Calls and Letters Immediately
When you file for Chapter 7 bankruptcy, you will be able to hold onto property that you own, including your house, car and retirement plans. It is a four- to five-month process, from the moment you file for Chapter 7 until your debt is wiped clean.
The moment you file for Chapter 7 bankruptcy, your creditors have to cease any collection activity against you, including foreclosure, harassing phone calls and wage garnishment. Once the bankruptcy process ends, you will be freed from most, if not all, of your debts.
Your bankruptcy will stay on your credit report for 10 years, but there are a number of things you can do to rebuild your credit over that time. Our attorneys will answer your questions and help you take steps to rebuild your credit.
Contact Us for More Chapter 7 Bankruptcy Information
If you want more information to find out if bankruptcy is right for you, we can answer your questions and help you evaluate your options. Contact us today to schedule a free initial consultation and stop worrying tonight.
