Chapter 7 Bankruptcy Attorney In New Jersey
Is Chapter 7 Bankruptcy Right for Me?
In a Chapter 7 bankruptcy, you may be able to eliminate many types of unsecured debt, including payday loans, medical bills, credit card balances, personal loans, repossessions, and more. In many cases, you can keep important assets like your home and vehicle, as long as you stay current on your payments and meet applicable exemption requirements. Filing can also put an immediate stop to collection efforts, including lawsuits, wage garnishments, and bank account freezes.
Because Chapter 7 has specific eligibility requirements, it’s important to understand whether it’s the right option for your situation before moving forward. Boyer Coffy LLC works with individuals across New Jersey to review their finances, explain their options, and guide them through the process from start to finish. If you’re ready to take control of your financial situation and explore your options, contact Boyer Coffy LLC today to learn how you can move toward a fresh start.
Call Boyer Coffy LLC at 973-798-6131 to schedule a consultation with a lawyer today.
Are There Any Types of Debt Chapter 7 Doesn’t Cover?
Chapter 7 bankruptcy is often viewed as a fresh start for those facing overwhelming financial challenges, but it is important to note that it does not eliminate every type of debt. Certain obligations—such as the most recent income taxes, obligations for child support or spousal support, and student loans—typically remain in place and must still be addressed. However, by discharging other qualifying debts, Chapter 7 can play a crucial role in freeing up your income, allowing you to better manage these remaining responsibilities without the added burden of other debts weighing you down.
Understanding how these rules apply to your specific financial situation is an important part of the bankruptcy process. Boyer Coffy LLC can assist you by reviewing your overall financial picture, providing a clear explanation of which debts may be discharged, and helping you develop a practical plan to navigate your way forward. Don’t hesitate to schedule a consultation today to discuss your options in detail. Taking that step could be the key to achieving the financial stability you deserve.
What Are Some of the Requirements for a Chapter 7 Bankruptcy?
To prevent higher-income individuals from using Chapter 7 as a quick solution, you must pass a means test before qualifying. This test evaluates your income and expenses to determine whether you have the ability to repay a portion of your debts. You are also required to complete a credit counseling course within the six months before filing.
Meeting these requirements and preparing the correct documentation is an important part of a successful filing. Boyer Coffy LLC can help you understand the process, ensure everything is properly completed, and guide you each step of the way. Take the first step toward financial relief—contact Boyer Coffy LLC today to get started.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Questions About Your Financial Situation?
Call Boyer Coffy LLC at 973-798-6131 to speak with an attorney about your options. You’ll receive clear, straightforward guidance tailored to your circumstances so you can make informed decisions and take the next step toward financial relief with confidence.