Bankruptcy Law & Creditors' Rights

New Jersey bankruptcy lawyers LoFaro & Reiser,  represent both debtors and creditors in Chapters 7, 11 & 13 proceedings in the United States Bankruptcy Court for the District of New Jersey. The firm also engages in trial and appellate practice in bankruptcy court adversary litigation.  The firm's bankruptcy and insolvency practice includes pre-bankruptcy loan workouts, insolvency counseling & related state court litigation involving fiduciary receiverships, attachments, replevin & foreclosure.

• Chapter 7 & Chapter 13 Consumer Bankruptcy

There are many reasons for financial difficulties, such as loss of a job, death of a breadwinner or too many credit card purchases.  Money problems can be emotionally wrenching and seriously damage family relations.
 
However disturbing the idea of bankruptcy might initially seem, in fact, bankruptcy laws are there to help those who are unable to pay their bills.  This article reviews your alternatives under the bankruptcy laws.   The bankruptcy lawyers at LoFaro & Reiser can advise you about your options so that you can get the maximum advantage of the bankruptcy laws.

• Chapter 7 Bankruptcy Center

• Chapter 7 FAQ's (Clicking on this link will take you to our other web site www.njlawconnect.com.    Please pardon the inconvenience as we are in the process of updating this site).

Creditor Representation: New Jersey bankruptcy lawyers LoFaro & Reiser represent a variety of creditor interests in Chapters 7, 11 & 13 bankruptcy court proceedings. Individual clients include:

Our creditor representation includes efforts to restructure debt and equity through informal workout negotiations as well as legal proceedings to foreclose security interests or mortgages and for replevin of personal property. In bankruptcy court proceedings, our services on behalf of individual creditors have specifically included actions to recover funds or property on behalf of such creditors as well as the prosecution of injunction proceedings to protect property and other intangible interests from infringement by debtors. We also regularly represent the interests of parties seeking to acquire assets from companies in distress, both in and out of court proceedings.

Insolvency Counseling and Business Reorganizations:

Our New Jersey bankruptcy lawyers devote a significant area of our bankruptcy and insolvency practice to pre-bankruptcy counseling and the representation of debtors and creditors in business reorganizations of various sizes. In addition to general estate administration, our legal services typically encompass real estate and land use matters, business law litigation, as well as the general corporate representation needed for the successful consummation of chapter 11 plans for small to medium sized companies. Before proceeding with the filing of a bankruptcy petition on behalf of a corporate entity and depending upon the exigency of the particular circumstances, our New Jersey bankruptcy lawyers explore all available options with the client in an effort to determine whether agreements can be reached with creditors so that a bankruptcy filing can be avoided for the benefit of the company and its creditors. In addition, before filing bankruptcy for any corporate client and depending upon the exigency of the particular circumstances, New Jersey bankruptcy lawyers LoFaro & Reiser assist distressed business clients in identifying cost-cutting measures, eliminating unprofitable sales or product lines, determining budget requirements in a hypothetical bankruptcy filing, and developing a strategy for emerging from bankruptcy.

Consumer Loan Workouts and Credit Card Debt Resolution:

The New Jersey bankruptcy law firm LoFaro & Reiser also represents consumers, loan guarantors, corporate shareholders and officers in pre-bankruptcy counseling and credit card debt settlements/ negotiations. The firm has successfully represented many individuals faced with the loss of their home or other substantial personal assets.

Click here for an Broad overview of Consumer Bankruptcy issues.

Contact a New Jersey bankruptcy lawyer today.