Thinking About Filing Bankruptcy?

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New Jersey Bankruptcy attorney
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LUCID LAW IS A DEBT RELIEF AGENCY. WE HELP OUR CLIENTS:

  • Prevent and stop foreclosure

  • Deal with delinquent income taxes

  • Eliminate crushing medical bills

  • Eliminate the burden of business debts

  • Stop Collections Actions and harassing phone calls

  • Clear Judgments from your record

  • Remove liens from your property

  • …and more!

What is personal bankruptcy?

Personal bankruptcy is a bankruptcy filing that is designed to assist an individual.  Most of the time personal bankruptcies are discussed in the terms of “consumer” debtors.   However, if your debt is primarily corporate debt, you may also file a personal bankruptcy to avoid your personal responsibility for corporate debts.

A consumer debtor is one that has primarily consumer debts; that means your debts arise from the purchase of goods for personal use.  So if you have overwhelming debts on personal credit cards, medical bills, your home mortgage, personal loans, judgments, or the like, you may be a candidate for a consumer bankruptcy filing.

Even if your debts arise primarily from personal guarantees on business loans, you may also benefit from personal bankruptcy.

SPEAK WITH A BANKRUPTCY ATTORNEY!

WHAT ARE YOUR OPTIONS?

An individual has three possible bankruptcy options.

Depending on your circumstances, you may qualify for a Chapter 7 straight liquidation, a Chapter 13 restructuring bankruptcy, or a Chapter 11 restructuring. An individual Chapter 11 debtor may also utilize Chapter 11 process for what is called an “orderly liquidation.”

We suggest coming into our office for a free consultation to discuss your personal financial circumstances and allow one of our attorneys to help make the decision that will best serve your needs.

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Ready to get started on your fresh start ?

Call Now (908) 350-7505 and let us lead you to a brighter future!

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