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            |  | Bankruptcy Overview
New Jersey Consumer Bankruptcy and Debt Relief LawyerOverwhelming debt can happen to anyone. It doesn't matter where you live or what kind of job you have. Unexpected expenses can add up quickly. Credit card bills can grow out of control. Unexpected medical bills can be staggering. It can be hard to meet everyday financial needs. Debt relief is available. You can reclaim you financial security. The law offices of Albert L. Lancellotti, we will help you protect your rights and secure your financial future. Contact us by e-mail or by phone at 1-877-273-7300 to schedule a free initial consultation. Learning more about consumer bankruptcy and other debt elimination options can lead you toward a fresh start. Filing BankruptcyFiling for consumer bankruptcy is a legal process that allows you to eliminate or gradually repay your debts. Depending on the nature of your debt, the most common filings are under Chapter 7 and Chapter 13. Chapter 7 BankruptcyChapter 7 may be an appropriate debt relief option for you if you have unmanageable credit card debt or other unsecured debts. This may be the best solution for you if you are not a home owner, or have a home with little equity and do not have other valuable assets. It permits you to discharge unsecured debts without having to repay them. Filing a Chapter 7 Bankruptcy will:
With a few exceptions, once you have completed your Chapter 7 Bankruptcy, your debts will be eliminated. Creditors will be unable to attempt collection on these debts again. For more information on consumer bankruptcy, read our Bankruptcy FAQ. Chapter 13 BankruptcyChapter 13 may be the best option for you if you are a homeowner who is behind on your mortgage or property tax payments. It allows you to reduce or eliminate debts while protecting your home and other valuable assets. Chapter 13 establishes a three to five year manageable payment plan for secured debts, such as mortgage and property tax delinquencies. It may also eliminate unsecured debts, such as credit card bills, medical expenses and personal loans. Filing a Chapter 13 Bankruptcy will:
To separate facts from fiction, read about bankruptcy myths. Contact UsContact us today for aggressive consumer bankruptcy advocacy with a personalized approach and modest rates. We'll help you make a fresh start. Albert L. Lancellotti, LLCNewark Office Passaic County Office Albert L. Lancellotti, LLC has offices in Newark, New Jersey and Ringwood, New Jersey and serves clients throughout Bergen County, Essex County, Hudson County, Middlesex County, Monmouth County, Passaic County, Sussex County, and Union County, including Newark, NJ, Elizabeth, NJ, and Morristown, NJ, and throughout Jersey City. | |
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| The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Albert L. Lancellotti, LLC is a debt relief agency and helps its clients file for bankruptcy relief under the federal bankruptcy code. Copyright © 2010 by Albert L. Lancellotti, LLC 1-877-273-7300. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. | |