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Bankruptcy
Law Chapter 7
Our New Jersey bankruptcy lawyers represent individuals and corporations in Chapter 7 liquidation proceedings. For individuals Chapter 7 bankruptcy serves the purpose of providing a "fresh start" to your financial life. Depending upon the value of your assets and the amount of your disposable income you may qualify for Chapter 7 bankruptcy. The decision to file for Chapter 7 bankruptcy, as well as the timing of the filing, are critical decisions that are best made when consulting an experienced attorney. Our New Jersey bankruptcy lawyers will carefully review your financial condition and assist you in exploring all possible options.
(Clicking on this link will send you to our other web site www.njlawconnect.com.
Have an emergency? No problem. In a matter of minutes we can electronically file your petition with the Court's Electronic Case Filing System.
For corporations and business entities Chapter 7 bankruptcy offers the opportunity to wind down a company's business affairs in an orderly manner. As with most small businesses that become insolvent, creditors typically obtain the home phone numbers and addresses of the company's principals. Because Chapter 7 bankruptcy is Court supervised and provides an automatic stay against certain creditor actions, the procedure often avoids the hassles typically associated with attempting to close a small business on your own, such as creditor lawsuits and endless phone calls and collection letters addressed to the company principals.
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LoFaro & Reiser - Attorneys at Law 55 Hudson Street Hackensack, N.J. Tel: (201) 498-0400 Fax: (201) 498-0016 • site by GDS |
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