Bankruptcy Attorney in New Jersey
No Cost if No Recovery
Do you feel like you are drowning in debt? If you are struggling to stay afloat of your finances, then you need to contact a trusted Newark bankruptcy attorney from The King Law Firm right away. At our firm, we have more than 30 years of collective experience providing outstanding representation to our clients and we may be able to help you as well. When you work with our firm, you will be able to receive the dedicated guidance that you deserve, and we can work with you to determine whether filing for bankruptcy or another bankruptcy alternative may be right for you.
The term "bankruptcy" often has a negative connotation; however, there are a lot of positive benefits to filing. Not only can individuals who declare bankruptcy stop harassing creditor calls and collection attempts, but bankruptcy can also allow debtors to become debt free by discharging all non-secured debts. According to the United States Bankruptcy Code, any individual who owns property or business in the United States may be eligible to file a bankruptcy petition. The laws and regulations regarding bankruptcy and the various types of bankruptcy that are available to consumers may be difficult to understand, which is why it is essential that you retain the assistance of a trusted legal professional from The King Law Firm. We can help determine whether one of the following chapters of bankruptcy may be right for you:
Client Testimonials
At The King Law Firm, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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"Amazing Legal Assistance!"The King Law Firm has changed my life and helped me when I had no idea where to start. They were responsive and knowledgeable from start to finish. I would recommend them to anyone in need of legal assistance.- N.B.
Types Of Bankruptcy
Chapter 7
Under Chapter 7 bankruptcy, also known as liquidation bankruptcy, all non-exempt assets are sold to help repay debts. Once the debts are discharged, you will have no responsibility to repay outstanding balances. This particular chapter works best for people who have no means to repay even minimal payments against their debt.
Chapter 11
In Chapter 11 bankruptcy, businesses and corporations can reorganize their debts and repay any outstanding balances through a bankruptcy plan. Unlike liquidation bankruptcy, all assets can be retained, and businesses can keep their doors open while they work to repay their creditors, lenders or investors.
Chapter 13
Chapter 13 bankruptcy is similar to Chapter 11; however, Chapter 13 works best for individual consumers, not necessarily corporations or businesses. When you file under this chapter, you have the option of repaying debts through a court-approved repayment plan. You will be able to retain your assets under this chapter as well.
Learn More By Calling Us today!
Are you interested in learning more about bankruptcy and how filing can help you? Do not hesitate to retain the representation of an understanding and experienced legal professional from our firm right away. We are proud to offer extensive experience and knowledge in the various federal and state laws regarding bankruptcy and we may be able to help you as well.
If you are seeking information, or if you are interested in learning about your eligibility to file for bankruptcy, contact The King Law Firm today and schedule a free consultation with our firm. You can get started by completing a case evaluation form online.