New Jersey Chapter 7 Bankruptcy Lawyers
Creditors won't stop calling. I can't afford my mortgage payment this month. Recent layoffs or medicalf problems have made managing any bills a struggle. I need help. Will I lose my home, car, or other assets if I file for bankruptcy?
The personal bankruptcy lawyers at Wizmur & Finberg, LLP, can help. We offer understanding, supportive, and experienced advice and legal representation. Our attorneys can answer your questions and calm your anxieties. There is life after debt. Call (856) 988-9055 or e-mail us to schedule a free consultation.
Chapter 7 Bankruptcy
Contrary to common belief, you will be able to keep certain assets when filing for debt relief under Chapter 7 of the Bankruptcy Code. While Chapter 7 bankruptcy is commonly referred to as debt liquidation bankruptcy (meaning that some assets are liquidated to pay debts), there are exemptions which permit you to keep assets up to a certain value. Such exemptions may enable you to keep your car, home equity, or other personal property.
Chapter 7 bankruptcy enables debtors to discharge unsecured debt and obligations they cannot afford to keep, such as:
- Medical bills
- Personal loans
- Utility bills
- Credit card bills
- Other unsecured debt (debt not secured by a loan)
Secured debt (property secured by loans) is also eligible for discharge. However, if these debts are relieved, the property will be repossessed. Secured debt may include obligations under mortgage loans, car loans, and other loans. These assets may be retained if you continue to make payments after filing for bankruptcy. In addition, we can help you determine if you qualify for exemptions which enable you to keep this property. If Chapter 7 bankruptcy is not an appropriate option, we are also experienced in helping clients file for Chapter 13 bankruptcy.
Experienced Bankruptcy Court Attorneys
Our bankruptcy attorneys offer more than 45 years of combined experience to help you obtain a fresh start. Contact our South Jersey law firm to schedule a free consultation.
Call us today at 856-988-9055
We are proud to be a federally designated debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.
Serving clients from offices in Marlton, Willingboro, Vineland, and Northfield
Free initial consultations • Payment plans available
Flexible office hours including evenings and weekends by appointment
Wizmur & Finberg, LLP
Evesham Commons - Suite 200
525 Route 73 South
Marlton, NJ 08053
Phone: (856) 988-9055
Fax: (856) 988-9678
Serving the communities of Camden, Cherry Hill, Marlton, Vineland, Trenton, Burlington, Edgewater Park, Beverley, Delanco, Riverside, Westampton, Lumberton, Hainesport, Moorestown, Mount Holly, Willingboro, Atlantic City, Mount Laurel, Burlington Township, Deptford, Medford, Hammonton, Berlin, Winslow Township, Woodbury, Bridgeton, Millville, and throughout South Jersey, as well as Mercer County Burlington County Cumberland County Atlantic County Gloucester County Salem County Cape May County.