Bankruptcy Lawyer - Northern New Jersey
Chapter 7 and Chapter 13 Personal Bankruptcy
- Are you struggling with debt?
- Are you being bothered non-stop by creditors?
- Are you unable to keep up with your bills?
Many people in a difficult financial situation have found bankruptcy to be a way out of seemingly endless debt. For more information about bankruptcy as a debt relief option, contact attorney John Marmaras in Bloomfield at (973) 743-9332.
Bankruptcy Options
Individuals filing personal bankruptcy have two options, Chapter 7 and Chapter 13 bankruptcy. Eligibility for Chapter 7 is determined through a means test. People who do not qualify for Chapter 7 may still qualify for Chapter 13.
- Chapter 7 bankruptcy allows debtors to liquidate most types of debt. Certain assets must be turned over for a repayment of debt.
- Chapter 13 bankruptcy is a bankruptcy option that works for debtors with a steady income. Chapter 13 reorganizes debt and sets debtors up on a repayment plan that lasts between three and five years.
At the law office of John Marmaras, we can help you determine if bankruptcy is your best debt relief option. You may be able to get rid of credit card debt, medical bills, bank loans, and perhaps even mortgage payments. However, before jumping into bankruptcy, it is important to explore your options. Our law firm will take an objective look at your financial situation and chart a course of action based on your goals.
Contact our law office in Bloomfield, New Jersey today. We offer a free initial consultation where we can talk over your bankruptcy options.
John Marmaras
45 Bloomfield Avenue
Bloomfield, NJ 07003
Phone: (973) 743-9332
Fax: (973) 743-0278