New Jersey BankruptcySubranni, Ostrove & Zauber has
been practicing New
Jersey Bankruptcy Law for 35 years. If real experience
counts when looking for
New Jersey Bankruptcy lawyers....Look No Further.
New Jersey Bankruptcy heavily
relies upon Chapter 7 and Chapter 13 -- they work wonders.
For example, under Chapter 7, all credit card debt, personal loans,
income taxes (over three years old - see "Q & A"), car repossession deficiencies,
and other types of debt are forever forgiven. And, all possessions
including bank accounts, cars, pension and IRA plans (in all cases)
and real estate are protected from creditors provided the value or
equity falls within your "exemptions." Call to
discuss exemptions.
If money is owed on a car, the debt can be reaffirmed and the payments
continued as if no bankruptcy were ever filed regarding the car.
Chapter 13 is an even a more powerful tool.
It forces a mortgage company to reinstate a mortgage and accept
back payments over a period up to a 5 years. See the "Q & A" section for a discussion on DMV surcharges and income taxes.
Car payments can be stretched out and if the car loan is more than
2.5 years old, the payoff can be lowered to retail value considering
the age and condition of the car.
Both of these options offer you a
Fresh Start
allowing you to
fix your credit and re-establish yourself.
Having financial problems?
Many people
with financial problems live with and make many wrong financial and
personal moves without first considering the bankruptcy alternative.
Tom Subranni says this is a major mistake and he attributes it to
the fact that people don't like to even hear the word "bankruptcy."
That is unfortunate, but attitudes are changing. One out of every
100 families in the United States filed or will file bankruptcy this
year. The stigma is no longer there. After two years, most debtors
qualify for government insured mortgages if they otherwise qualify.
Credit card companies are even targeting debtors and offering
credit, which, of course, should be refused. The idea is to learn to
live within one's means, debt-free. Sleep comes a lot easier for
those who live debt-free.
Tom says that many financially-strapped
folks do not seek bankruptcy information soon enough, causing permanent
financial and personal loss. For example, any kind of "re-financing,"
"debt consolidation," or "debt counseling" plan
is not recommended. A Chapter 7 or Chapter 13 can take care of the
problem without the need for that burdensome second mortgage (putting
the house on the line), equity loan, credit balance transfers, and
the like. And Tom absolutely recommends against borrowing from 401
(k) or other type of pension plan. A much better plan is to start
over with the Bankruptcy "Fresh Start" and be the wiser
by avoiding credit in the future.
You can
speak with New Jersey bankruptcy lawyer Tom Subranni directly
regarding your particular circumstances at 609-335-1882. It is
possible for you to make a fresh start, save your home,
stop wage deductions,
fix your credit, stop creditors from harassing you and re-establish yourself.
Call today.
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New Jersey Bankruptcy Articles
Bankruptcy articles are a great way to
learn about bankruptcy law. We provide articles from other sources,
as well as some of our own, dealing with some of the following
issues:
Have questions? We have the answers
With over 35 years of experience, you can rest assured that we know
the bankruptcy laws of New Jersey. Our Q & A section is not typical,
but full of current information that consumers need to know. Expect
to see these issues covered:
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How bankruptcy
affects the homeowner;
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How bankruptcy
affects your bank accts;
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How will bankruptcy
affect my pension?
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How to deal with
bill collectors;
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Can I ever get a
mortgage again?
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Life after
bankruptcy;
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And much, much more.
Our New Jersey Bankruptcy Team
NJ bankruptcy lawyer, Thomas
Subranni, Esq. is the senior partner in the firm of Subranni Ostrove
& Zauber. Mr. Subranni is a 1963 graduate of the University of
Pennsylvania, AB; 1966 Vanderbilt University, JD; and New York
University School of Law, LLM (in taxation). He is admitted to the
New Jersey and Pennsylvania bar.
<Read more about Thomas J Subranni, Esq. >
NJ bankruptcy lawyer, Scott Zauber, Esq. is a
partner with the law offices of Subranni, Ostrove & Zauber. Mr.
Zauber is a proud graduate of Atlantic City High School, Richard
Stockton College and Rutgers University School of Law-Camden.
< Read more about
Scott Zauber, Esq. >
NJ bankruptcy lawyer, Nona
Ostrove, Esq. is admitted to practice before the Federal District
Court for the District of New Jersey, Eastern District of
Pennsylvania, Third Circuit Court of Appeals and the U.S. Supreme
Court.
< Read more about
Nona Ostrove, Esq. >
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