Chapter 7 Bankruptcy Lawyer in Hamilton, New Jersey
Chapter 7 Bankruptcy
For consumers there are two basic kinds of bankruptcies. One of them is Chapter 7. Chapter 7 is designed to discharge (eliminate) your debt. This includes credit card debt, medical debt (doctor and hospital bills), personal loans, judgments and liens and even DMV surcharges. The filing of the chapter 7 also stops all collection efforts by your creditors, all garnishments, bank levies, and seizure of other personal property. It also stops utility shutoffs. If your license is suspended due to DMV surcharges, the filing of the Chapter 7 petition will restore your drivers license. If you are surrendering your house or automobile, chapter 7 eliminates your obligation on the mortgage or car loan which protects you when the asset is taken and there is a deficiency.
There are a few things that are not discharged in bankruptcy. These include child support, alimony, student loans. Taxes due to the IRS or the State of New Jersey may also be discharged in some instances but they have their unique set of rules.
The chapter 7 is usually complete three to four months of submitting your petition to the Court. You have one mandatory Court appearance where we will accompany you.
Once you are ready to begin we will schedule a consultation with an attorney who will give you an overview of the process. Upon retention an attorney will do a full intake interview. We will not send you home with a package to fill out nor will have a paralegal sit with you. All work will be done face to face with an experienced bankruptcy attorney.