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NJ Chapter 7 Bankruptcy Attorneys

Anyone can get deeply into debt. Medical bills, credit card debt, car repairs, unexpected loss of income and other situations can put responsible people into a very tough situation. If you’re tired of dealing with creditors calling all day long and wish you could just start over without the burdens of credit card debt and other debts, New Jersey Chapter 7 bankruptcy attorney Robert Manchel may be able to help. Chapter 7 bankruptcy may be the best way to keep important assets, such as your home and your vehicle, while allowing you to remove the burden of debt from your shoulders.


An Overview of Chapter 7 Bankruptcy

The legal world captions Chapter 7 bankruptcy as a “Liquidation Chapter,” which means that a debtor filing a Chapter 7 bankruptcy may save certain assets from liquidation. The debtor partially satisfies financial obligations by the liquidation of remaining assets distributed pro rata to creditors unless the debtor files for bankruptcy under a “no asset clause.” In a no asset clause, the debtor has no assets to satisfy creditors’ unsecured claims or the debtor’s property is exempt. Once a debtor has filed for Chapter 7 bankruptcy protection, any collection activities by creditors-phone calls, paycheck garnishments, lawsuits, etc. must cease immediately.

Under the Chapter 7 bankruptcy, the bankruptcy court designates a trustee to examine the debtor’s assets. The assets are then determined to be exempt or nonexempt property. Exempt property is restricted to some equity the debtor has in a home, a car, life insurance, household goods and some other possessions. New Jersey Chapter 7 bankruptcy lawyer Robert Manchel can assist you in filing for bankruptcy by:

  • Putting a stop to paycheck garnishment and liens
  • Keeping your car from being repossessed
  • Getting out from under credit card debt
  • Getting a fresh financial start

Proactive New Jersey Chapter 7 Bankruptcy Lawyer

The legal proceedings in a bankruptcy can be confusing to a layperson. New Jersey bankruptcy attorney Robert Manchel explains the law in plain language so that you can make informed decisions about which course of action will be best for you and your family. His New Jersey bankruptcy law firm helps people living in Atlantic, Burlington, Camden, Cumberland, Gloucester, Hunterdon, Mercer, Middlesex, Monmouth, Ocean, Salem, and Somerset Counties in New Jersey. For more information on how NJ bankruptcy lawyer Robert Manchel can help you get control of your finances, call him today at 866.503.5655.