Bankruptcy Attorney Marc Feldman
Morris County New Jersey Debt Relief Lawyer
Giving New Jersey Residents a Fresh Start!
The Law Offices of Marc P. Feldman helps its consumer bankruptcy clients take control of their financial lives by exploring with them the various legal options available to them, including Chapter 7 and Chapter 13 bankruptcy. All Americans have been affected by the current economic conditions as incomes have shrunk, asset values have fallen and debts have mounted.
The Law Offices of Marc P. Feldman will review your financial situation with you and discuss the various alternatives, including financial counseling, negotiations with creditors, default, foreclosure and bankruptcy. We will explain to you the costs and benefits of each course of action so that you will be in the best position to map out your financial future going forward. Bankruptcy is one way that an individual can stop the financial merry-go-round on which many of us find ourselves.
Bankruptcy allows you to catch your breath and then move forward with a definite plan. Creditors are frozen: No More Phone Calls, No More Harassing Letters, No More Lawsuits, No More Foreclosures and Repossessions.
Title 11 of the United States Code (the Bankruptcy Code), a federal law allows honest debtors to discharge their debts and start life afresh by filing for bankruptcy. While there are many chapters in the Bankruptcy Code, Chapter 7 and Chapter 13 are the most commonly used ones. There are a total of six chapters described in the Bankruptcy Code.
Bankruptcy gives to the honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt. A bankruptcy discharge achieves this goal by freeing a debtor of specific debts and prohibiting creditors from ever moving to recover those debts.
Will bankruptcy protect me from my creditors?
Bankruptcy will discharge most of your debts and give you a fresh start. The following debts however will not be discharged by bankruptcy; taxes; spousal and child support; debts arising out of willful misconduct and or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; non-dischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures. It does not discharge the debtor from any debt incurred for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.
Once a debt is discharged in bankruptcy, the creditor cannot enforce the debt against you nor start any collection activity. You need not pay that debt.
Can I file for bankruptcy?
Even you can file for bankruptcy if you are an honest debtor who has suffered some unforeseen financial set-back. Bankruptcy will give you a fresh start in life. Talk to a bankruptcy attorney. A bankruptcy attorney can help you file for The Bankruptcy Law Office of Marc P. Feldman is based in Morris County, New Jersey.
Call today at 973-267-7555 to schedule your free initial consultation to learn more. I represent clients in Morris County, Warren County, Sussex County, Essex County, Hudson County, Passaic County, Bergen County, Somerset County and all of Northern New Jersey.