Are you filing for bankruptcy in South Jersey and seeking legal assistance? Check out these 4 bankruptcy facts, then call our lawyer today.
Why You Need a Bankruptcy Attorney
It’s important to have a bankruptcy attorney to help guide you through this process. It’s important to make sure that your documents are filed on time and that you’re filing for the correct bankruptcy. You need somebody to help you decide whether a Chapter 7 or a Chapter 13 would be beneficial for you. Also, for people who are concerned about losing their home or their car, you need an attorney who knows what they’re doing to be able to stop share of sales and to recover your car if it’s been repossessed. Individuals, too, whose wages have been garnished or whose bank account has been levied, you need a skilled attorney, an experienced attorney who can recover those funds for you.
Foreclosures After Filing for Bankruptcy
The other day I was talking to a potential New Jersey client and one of her concerns was, “If I file for bankruptcy, can the mortgage company still foreclose on my home?” The answer is no. Bankruptcy prevents the mortgage company from foreclosing on your home. If you have any questions about whether this option is right for you to protect your home, please call our office.
The Duration of a Bankruptcy on Your Credit Report
I got a phone call the other day from a potential client wanting to file for bankruptcy. One of the big questions that a lot of people have and is foremost in their concerns is, “How long does a bankruptcy stay on my credit report?” It would depend on the type of bankruptcy filed. A Chapter 7 bankruptcy will reflect on your credit report for up to ten years, and a Chapter 13 for seven years. During that time, it’s important to know that your credit health will improve, your credit score will improve, and you can actually be approved for a mortgage or a car loan within two years.
Dealing with the Creditors After Bankruptcy
A question some clients have is, “What do I do if my creditors contact me after I’ve already filed for bankruptcy?” The answer is they should not be contacting you. However, if they do, inform them that you are in bankruptcy and give them the number of your attorney. If you have any other questions regarding this, please contact our office.
Are you or a loved one dealing with a mountain of debt and have questions about our 4 bankruptcy tips? Contact experienced South Jersey bankruptcy lawyer Andrew Carroll of All Jersey Bankruptcy today for a free consultation and case evaluation.
We are dedicated to giving you the answers that you need in order to make an informed decision about whether bankruptcy is the best decision option for you.
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