Bankruptcy in New Jersey: Your Path to Financial Recovery

by | Aug 4, 2023 | Blog

Are you drowning in debt and considering bankruptcy in Old Town, New Jersey? Look no further, for Scura, a leading law firm, is here to guide you through the complexities of bankruptcy and help you pave the way to financial recovery. 


In this comprehensive article, we will explain the different bankruptcy options available, the benefits of seeking legal assistance, and why Scura is the trusted choice for your bankruptcy needs.


Understanding Bankruptcy in New Jersey

Bankruptcy is a legal process designed to provide individuals and businesses with a fresh start when they are overwhelmed by debt and unable to meet their financial obligations. In New Jersey, there are primarily two types of bankruptcy chapters commonly used by individuals:


  1. Chapter 7 Bankruptcy: Also known as “liquidation bankruptcy,” Chapter 7 allows individuals to discharge certain debts by liquidating non-exempt assets. It provides a relatively quicker path to debt relief, typically within a few months.


  1. Chapter 13 Bankruptcy: Referred to as “reorganization bankruptcy,” Chapter 13 enables individuals with a regular income to create a repayment plan to settle their debts over three to five years.


The Benefits of Hiring a Bankruptcy Attorney

While it is possible to file for bankruptcy without legal representation, enlisting the services of an experienced bankruptcy attorney can significantly enhance your chances of a successful outcome. Here’s why:


  1. Expert Guidance: Navigating the bankruptcy process can be complex and confusing. A bankruptcy attorney will guide you through the paperwork, court appearances, and negotiations, ensuring you understand your rights and options at every step.


  1. Maximize Exemptions: State and federal laws provide exemptions that protect certain assets from being seized during bankruptcy. A skilled attorney will help you maximize these exemptions, allowing you to retain essential property.


  1. Avoid Costly Mistakes: Filing for bankruptcy involves detailed documentation and adherence to strict deadlines. A small mistake could lead to delays or even the dismissal of your case. A lawyer will ensure all requirements are met accurately and on time.


  1. Handle Creditors and Collections: When you hire an attorney, they become the point of contact for your creditors and collections agencies. This alleviates the stress of constant communication and harassment, as your attorney will handle all communications on your behalf.


Why Choose Quick n Easy to Help You Get Out of Bankruptcy?

Quick n Easy is a reputable cash home buyer that purchases homes in various conditions, including but not limited to, bankruptcy, foreclosure, divorce, and more. Here’s why we stand out from the rest:


  1. Experience and Expertise: People who are dealing with bankruptcy are on an incredibly strict schedule. They want to avoid losing more money than necessary, so that’s why our experts can spearhead a quick sale without a hitch! 


  1. Personalized Approach: Your timeline may be different than that of the regular home seller. Our cash home buying experts are here to help you every step of the way so we can follow your timeline according to your needs. 


  1. Comprehensive Assessment: We can schedule site visits in-person or remotely so we can give you the fair cash offer that you deserve for your property. 


  1. Compassionate Support: Our process is driven by compassion, and we understand that changes can happen along the way. Rest assured that you’ll always be in contact with any of our professionals to spearhead the sale of your property. 



Bankruptcy may seem like a daunting step, but with the right legal guidance, it can be the first step toward a better financial future. At Quick n Easy, we are committed to providing you with the support and expertise you need to navigate the bankruptcy process successfully. Let us be your partner in reclaiming financial stability and taking control of your life.


Let us be the cash buyer in Old Town, NJ you trust with a quick, speedy sale! 

Michael Hernandez

Real Estate Professional, dedicated to helping homeowners and home-seekers meet their real estate goals.

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