Consumer Bankruptcy Lawyers in New Jersey, Pennsylvania, and Delaware
Subranni Zauber LLC has been practicing New Jersey Bankruptcy Law in South Jersey, Pennsylvania Bankruptcy law, and Delaware Bankruptcy law for over 40 years. If real experience counts when looking for bankruptcy lawyers....Look No Further.
New Jersey Bankruptcy, Pennsylvania bankrtupcy, and Delaware bankruptcy heavily rely 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 "FAQ" 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 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.