4 Bankruptcy Tips

When looking for a bankruptcy attorney in New Jersey, of course, you want somebody who is part of the New Jersey Bar, but you also want an attorney who’s practice concentrates on bankruptcy. You also need an attorney who is experienced in foreclosures and mortgage remodifications, which we here at All Jersey Bankruptcy are. If you have any more questions concerning that, call our office and we’ll be happy to answer you about our credentials.

In talking to people who are considering bankruptcy, the number one concern most people have is, “Will I lose my home or my car?” The answer is no. In fact, quite the opposite is true. Bankruptcy is a means to protect your home and your car, as well as other assets. If you are in danger of losing your home or your car, or you just want to protect your home from a share of sale or a foreclosure, please call our office for more information.

Another question our South Jersey clients have is, “What’s the difference between a secured creditor and an unsecured creditor?” Unsecured debts would be things like credit cards or medical bills. Your secure debts would be items such as your car or your home. If you have any more questions about the types of debts that you have or whether they fall under the secured or unsecured category, please contact our office.

Here in our South Jersey office, a big question we have from people exploring the option of bankruptcy is, “Can I not file if I already have judgments against me?” The answer is, yes, you can. As a matter of fact, those judgments are a good reason to file for bankruptcy, as we can stop the wage garnishment and maybe even, in some cases, recover the lost monies. If you have any questions about whether this is right for you or how it can help your situation, please call our office.