Protecting Your Property During Bankruptcy
Knowledgeable Bankruptcy Lawyers in New Jersey
When you are considering bankruptcy, it makes sense that you are worried about losing your home, your car and your other property. At Brenner, Brenner & Spiller, we can usually tell our clients: You will not lose your home or car if certain conditions are met during your Chapter 7 or Chapter 13 bankruptcy.
We are a New Jersey bankruptcy law firm with more than 30 years of experience helping clients reach fresh financial futures. We have helped clients stop foreclosure on their homes and avoid repossessions. Contact us for a free initial consultation today.
Helping You Keep Your Property
If certain conditions are met during and after bankruptcy, you may be able to keep your real estate, car and other property. These conditions include:
- You must be able to meet your house and car payments after bankruptcy. If you cannot meet those payments, your house may go into foreclosure or your car may be repossessed or liquidated.
- You must be able to meet your other payments with the financial resources available to you. If you cannot meet all of your payments after bankruptcy, you may need to sell your home or your vehicle.
Even if you cannot meet your payments, there are other options available to you to help you keep your property. For example, you may be able to negotiate a payment plan with your creditors to help you pay back any non-exempt equity on your house or car. You may also consider negotiating with creditors for a loan modification to make payment possible.
Adjusting to Life After Bankruptcy
Making better choices is always the goal. Credit is important and will be reestablished by making payments on utilities or new obligations. Contact our office for any post bankruptcy questions.
Contact Brenner, Brenner & Spiller
If you are experiencing financial hardship and would like to talk to an experienced Southern New Jersey bankruptcy attorney, contact Brenner, Brenner & Spiller
