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New Jersey Bankruptcy Attorney Helps You Make a Fresh Start

Find financial relief through our expert legal guidance and attention

Dealing with debt is surely one of life’s most stressful demands. For those who are eligible, Chapter 7 bankruptcy is a good option to help you discharge most, or even all, of your debts. When deciding whether to file for Chapter 7 in New Jersey, it is crucial that you have the assistance of an accomplished attorney who understands your situation, carefully explains the pros and cons, and, should you decide to file, guides you every step of the way. For 24 years, The Law Offices of James C. Zimmermann has helped to ease the financial burdens of people just like you.  We have earned a reputation for our high-quality service and personalized representation.

Will I be able to eliminate all of my debts?

Chapter 7 bankruptcy holds the possibility of discharging all or most of your debts. In this most common type of bankruptcy, your assets are liquidated and the proceeds are used to pay off your debts. Chapter 7 cases are called “no-asset bankruptcies” for just this reason.

But this form of bankruptcy is not for everyone. Your eligibility will depend on a “means test” that assesses whether your income level is below the median income for New Jersey. If it is not, the test will assess whether you have enough excess income to pay off 25% of your unsecured debts after you meet your basic needs. If so, you may have to file for Chapter 13 bankruptcy. Attorney James C. Zimmermann will honestly assess your situation so that you and your family can take the best course of action.

How do I file for Chapter 7 Bankruptcy?

Should you decide to file for Chapter 7 bankruptcy, there will be a number of official forms to fill out, including a required petition, statement of financial affairs and schedules. While our persistent attorney will help to prepare these forms and filings, it is helpful that when you come to your first appointment, you bring with you some notes on:

  • Your creditors and the amount and nature of their claims
  • Your income and its sources
  • Your property
  • Your monthly living expenses

From there, we will explain your best options based on federal and New Jersey law, develop a strategy and ensure that all the proper procedures are followed so that you get the results you need.

Contact our New Jersey bankruptcy firm and breathe a sigh of relief

While Chapter 7 bankruptcy is designed to give you a “fresh start” in life, it will not be immediately clear whether it is the right option for you. Contact The Law Offices of James C. Zimmermann today to arrange a free consultation and get the answers you need. Call us at 973-764-1633 or contact us online. We represent clients throughout New Jersey’s Sussex and Passaic counties.