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Who Can Re-File for Bankruptcy?
NJ Bankruptcy Lawyers Assist Clients with the Bankruptcy Filing Process
Bankruptcy can provide a fresh start for individuals and families. However, sometimes circumstances do not make a fresh start possible. If you are facing overwhelming debt and have filed for bankruptcy before, you may not be able to file again. Should you not be eligible, or should it not be your best option for protecting your interests, a knowledgeable bankruptcy attorney can also advise you regarding the possibility of a loan modification for saving your home in Central or South Jersey.
The New Jersey bankruptcy lawyers at Brenner Brenner & Spiller will meet with you to determine if you qualify for a different type of bankruptcy this time around. For more than 30 years, we have been dedicated to helping individuals get through their financial struggles. You also may be permitted to file the same Chapter again.
Can You Still File for Bankruptcy Under the 2005 Law?
There is a common misconception that the 2005 bankruptcy law made it impossible for individuals to file for bankruptcy. This is not true. Our attorneys will evaluate your financial situation to determine whether you can file or re-file for bankruptcy. We will then help you through the bankruptcy process, including obtaining a credit counseling certificate and representing you in bankruptcy court.
Filing a Chapter 13 Bankruptcy After a Chapter 7 Bankruptcy
Filing Chapter 13 bankruptcy may let you completely discharge unsecured debt, although there are other benefits to entering into a Chapter 13 repayment plan. While some types of debt must be paid to save a car or house, others can be completely wiped out.
Filing a Chapter 7 Bankruptcy After a Chapter 13 Bankruptcy
You may be able to bring a Chapter 7 bankruptcy if a Chapter 13 bankruptcy does not sufficiently reduce your debt and help your economic situation. Your eligibility for Chapter 7 bankruptcy will depend on a variety of factors, including the amount of secured debt you were able to discharge in your Chapter 13 bankruptcy.
A Chapter 7 bankruptcy is a straight bankruptcy that quickly discharges debt. In order to be eligible for Chapter 7, you must pass the means test analysis, which shows the court that your financial situation requires a fresh start.
Contact Our Experienced South Jersey Debt Relief Lawyers
If you have filed for bankruptcy protection in the past, but once again find yourself overwhelmed by debt, speak with the knowledgeable bankruptcy lawyers at Brenner Brenner & Spiller. Contact our New Jersey bankruptcy attorneys online or call 856-963-5000 to schedule a free initial consultation to discuss your situation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.