Bankruptcy Attorney in New Jersey
No Cost if No Recovery
Do you feel like you are drowning in debt? If you are struggling to stay
afloat of your finances, then you need to contact a trusted Newark bankruptcy
attorney from The King Law Firm right away. At our firm, we have
more than 30 years of collective experience providing outstanding representation to our clients and we may be able
to help you as well. When you work with our firm, you will be able to
receive the dedicated guidance that you deserve, and we can work with
you to determine whether filing for bankruptcy or another bankruptcy alternative
may be right for you.
The term "bankruptcy" often has a negative connotation; however,
there are a lot of positive benefits to filing. Not only can individuals
who declare bankruptcy stop harassing creditor calls and collection attempts,
but bankruptcy can also allow debtors to become debt free by discharging
all non-secured debts. According to the United States Bankruptcy Code,
any individual who owns property or business in the United States may
be eligible to file a bankruptcy petition. The laws and regulations regarding
bankruptcy and the various types of bankruptcy that are available to consumers
may be difficult to understand, which is why it is essential that you
retain the assistance of a trusted legal professional from The King Law
Firm. We can help determine whether one of the following chapters of bankruptcy
may be right for you:
Under Chapter 7 bankruptcy, also known as liquidation bankruptcy, all
non-exempt assets are sold to help repay debts. Once the debts are discharged,
you will have no responsibility to repay outstanding balances. This particular
chapter works best for people who have no means to repay even minimal
payments against their debt.
In Chapter 11 bankruptcy, businesses and corporations can reorganize their
debts and repay any outstanding balances through a bankruptcy plan. Unlike
liquidation bankruptcy, all assets can be retained, and businesses can
keep their doors open while they work to repay their creditors, lenders
Chapter 13 bankruptcy is similar to Chapter 11; however, Chapter 13 works
best for individual consumers, not necessarily corporations or businesses.
When you file under this chapter, you have the option of repaying debts
through a court-approved repayment plan. You will be able to retain your
assets under this chapter as well.
Learn more by calling us today!
Are you interested in learning more about bankruptcy and how filing can
help you? Do not hesitate to retain the representation of an understanding
and experienced legal professional from our firm right away. We are proud
to offer extensive experience and knowledge in the various federal and
state laws regarding bankruptcy and we may be able to help you as well.
If you are seeking information, or if you are interested in learning about
your eligibility to file for bankruptcy,
contact The King Law Firm today and schedule a free consultation with our firm. You can get started
by completing a
case evaluation form online.