Bankruptcy For Individuals

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Representing New Jersey Clients In Bankruptcy Matters

Cohn Lifland is a legal resource to the people of New Jersey who face dire financial situations. Our compassion and effective representation can effectively guide you through the process of Chapter 7 and Chapter 13 bankruptcy. Our team of attorneys is knowledgeable about the falsehoods that scare people away from the bankruptcy process.

We also have decades of experience guiding clients through bankruptcies when they are considering a divorce, and we explain the legal choices they have when deciding how to proceed. If you face the possibility of foreclosure, we can negotiate terms with your lender through the process of loan modification. If you need quality legal services and a firm who is passionate about helping clients, contact Cohn Lifland Pearlman Hermann & Knopf LLP today.

Chapter 7

Some individuals faced situations where they cannot pay their bills in a timely manner, debt is mounting and they face a dire financial situation. These people have a lot to consider about the future. They may consider the process of filing for bankruptcy. When you need to wipe the slate clean and give yourself a fresh start, you may want to consider filing for Chapter 7. Chapter 7 bankruptcy is the process of liquidating assets in order to repay creditors and start fresh.

Chapter 13

Also known as a wage-earner’s plan, Chapter 13 bankruptcy enables an individual to pay back all or most of the debt that is owed to creditors. Chapter 13 allows individuals with regular income to create a plan for repaying a portion of the debts over three to five years. Chapter 13 has a number of advantages over Chapter 7 bankruptcy.

Myths Of Bankruptcy

When our clients face dire financial situations, they have a lot to consider about the future. Bankruptcy is an option that scares most people: Many believe that filing for bankruptcy will tarnish their reputation, only irresponsible people file for bankruptcy, they will lose everything they own, and their credit will be permanently ruined. Some clients believe that filing Chapter 7 will wipe away all debt, and that is not the case. A lot of our clients’ fears are just not true.

Backed by over 90 years of institutional knowledge, experience and professionalism, our attorneys know the law — and they can help. Contact us online or call 201-845-9600 today to find out how. From our office in Saddle Brook, our lawyers help people throughout northern New Jersey.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.