Chapter 7 Bankruptcy: Experienced New Jersey Lawyer

When your debts become overwhelming, you may wonder if there is any way you can ever recover. If you are concerned about unmanageable credit card debt or medical bills and want to reclaim your financial security, debt relief is available. At Albert L. Lancellotti, LLC, we are dedicated to protecting debtor's rights and work to find the cost-efficient debt relief solution that works or you.

Chapter 7 Bankruptcy may be an appropriate debt relief option for you if you have overwhelming credit card or unsecured debt. Contact us for a free consultation on how Chapter 7 can work for you.

What is Chapter 7 Bankruptcy?

• Chapter 7 bankruptcy permits individuals experiencing financial difficulties to discharge (eliminate) most debts without the need of repayment
• Chapter 7 is often the best solution for those who do not have valuable assets.
• For those who own real estate, you need not worry about losing your property when filing Chapter 7 so long as there is little equity in your property and you are current with mortgage and property tax payments.

What does filing a Chapter 7 accomplish?

Save for a few exceptions, once your case is filed an automatic "stay" stops all collection activity against you.

A Chapter 7 Bankruptcy will:

• STOP creditor harassment
• STOP the institution or continuation of law suits
• STOP wage garnishments and bank levies

What is a discharge?

With few exceptions, once you have successfully completed your Chapter 7 your debts are eliminated. Therefore these creditors may never again seek collection of their debt against you.

Many fear that by discharging their debts they are legally prohibited from borrowing again for a number of years. THIS IS NOT TRUE! You can reclaim your financial security and being to rebuild your credit. Many creditors are even more likely to lend when your bad debt is eliminated. Bankruptcy is not the end; it can give you the fresh start you need to rebuild credit and secure your financial future.

Contact us today. 

Albert L. Lancellotti, LLC

Newark Office
17 Academy Street, Suite 707
Newark, NJ 07102
Telephone: 973-273-9880
Fax: 973-273-9838

Passaic County Office
130 Skyline Drive
Ringwood, NJ 07456
Toll-Free: 1-877-273-7300

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.