New Jersey Chapter 13 Destruction Lawyer
New Jersey Bankruptcy Attorney
Life is filled with difficult, setbacks, and missteps. There are times when hard work, good planning, and the best of intentions cannot stave off hardship. If you have fallen behind on payments to various creditors and face foreclosure or repossession, help is available.
Exercise Your Rights
You have the option of exercising a Chapter 13 bankruptcy. Under Chapter 13, a debtor proposes 3-5 year repayment plan in which you as the creditor agree to pay off all or part of what you owe from your disposable income. Chapter 13 is a kind of respite; it is designed to give you space, a breather and a pause so that you can re-organize your finances in a way that will allow you to sustain debt repayment. If you are able to stick to the terms of the repayment plan, all the remaining debt will be discharged at the end of the repayment period.
Filing Chapter 13 is an excellent way of stopping foreclosure on your house. It gives you a legal means of preventing the bank from seizing your home and forces them to come to the table to negotiate a way forward. With Chapter 13 you will, over time, be able to make up what you owe and eventually reinstate the original agreement.
Making Chapter 13 work to your advantage can be tricky. That is why you should have a Chapter 13 Destruction Attorney by your side as you go through the process. Wasserman, Jurista & Stolz P.C. is a dedicated and experienced bankruptcy law firm. You will have a lawyer who is mastered in New Jersey bankruptcy law and who will be able to employ the tenants of the law to the particulars of your case in way that works to your advantage.
Your debtors may be willing to work out a reasonable repayment solution. But then again they may not. Having a lawyer represent you as you attempt to work out a repayment plan is essential if you are not to be put into an unsustainable situation. Chapter 13 is meant to give you relief, but uncharitable debtors to cause you more trouble can use it. The only way to prevent the latter is to retain the services of a tough and highly skilled bankruptcy lawyer.