South Jersey Chapter 13 Bankruptcy Attorney

Filing for bankruptcy is one of the options available to you when you are struggling to pay your bills and see no way out of your financial troubles. But the process can be complex. There are several different types of bankruptcy filings available, and though you may be most familiar with Chapter 7 bankruptcy, you may not qualify for its protection. When that is the case, the South Jersey Chapter 13 bankruptcy attorneys at Reinherz Law can help. We are committed to helping our clients break free from the quicksand of debt, and we do so by spending time to fully understand each individual situation and determining what the best answer is for the particular scenario. If you are having a hard time with debt, contact our office today to set up an appointment. We will answer all of your questions and help you find a path back to economic wellbeing.

Not everybody will meet the means test for Chapter 7 bankruptcy, and when that is the case, Chapter 13 bankruptcy is often the best alternative. Under this type of bankruptcy filing, you will be able to lump your debts into a single monthly payment managed by the court. You will not be at risk of losing your property, and will be able to eliminate the harassing telephone calls from creditors.  The new repayment plan that the court approves will allow you to pay debt without high interest rates – and in some cases may eliminate interest rates altogether. You can eliminate the stress of facing repossessions and foreclosures, wage garnishments, and all of the other challenges that your previous economic situation presented. By working with the South Jersey Chapter 13 bankruptcy attorneys at Reinherz Law, you give yourself the chance to take back control of your life.

There are many advantages to filing for a Chapter 13 bankruptcy. If you are an individual who has up to $336,900 in unsecured debts and less that $1,101,650 in secured debt, it represents a possibility for the restructuring of your debt rather than a complete discharge: in some cases, you may only end up partially satisfying your debt, but once you have fulfilled the terms of your repayment play, your debt will be considered discharged.  Payments are to be made from what is considered to be your “disposable income”, which is what is left after you have paid for expenses that are deemed necessary by the court. When you work with Reinherz Law, our South Jersey Chapter 13 bankruptcy attorney will be able to help you keep possession of your nonexempt property, catch up on past due payments on secured loans, combine tax obligations or student loans into your Chapter 13 plan, and even to provide protection for co-debtors as well.

For more information on whether Chapter 13 bankruptcy is right for you and on how to proceed, contact the South Jersey Chapter 13 bankruptcy attorneys at Reinherz Law today. We can guide you through the process and provide you with the representation that you need.