Bankruptcy Attorneys in Voorhees, NJ Representing Businesses and Individuals in Chapter 7 and Chapter 13 Filings in Cherry Hill, Marlton, Mt. Laurel, Medford, Gloucester Township, and Surrounding Areas
Are you losing sleep over mounting credit card bills, medical debt, or business loans? Do you feel trapped by calls from creditors or worry about losing your home or business?
Our Camden County bankruptcy lawyers are here to help individuals and business owners when debt becomes too much to handle.
Financial problems can happen to anyone. A job loss or medical emergency can quickly turn a stable situation into a financial crisis. For business owners, unexpected expenses, lost contracts, or market changes can threaten everything you've worked to build.
Bankruptcy may be the lifeline you need.
Bankruptcy can stop creditor harassment, halt foreclosure proceedings, and give you space to breathe and rebuild. And because we know Camden County’s courts inside and out, we can guide you every step of the way.
Don't let debt control your life any longer. Contact us today for a consultation and take the first step toward financial freedom.
Understanding Your Bankruptcy Options in Camden County
Bankruptcy law offers three main paths to escape overwhelming debt.
Each option is designed for different financial situations, so choosing the right one depends entirely on your unique circumstances.
Chapter 7 Bankruptcy: Wipe Out Unsecured Debt
Chapter 7 eliminates most unsecured debts in just four to six months, such as:
- Credit cards
- Medical bills
- Personal loans
- Utility bills
The court appoints a trustee who reviews your income and assets. If you pass the means test, you keep your essential belongings while wiping out debt that would take decades to pay off.
Most Chapter 7 filers are individuals earning less than the median income for their household size.
For example, a Camden County family of four earning under $163,110 typically qualifies.
People who've lost jobs, faced medical emergencies, or gone through divorce often find Chapter 7 helpful.
Chapter 11 Bankruptcy: A Plan to Eliminate Business Debt
Chapter 11 lets profitable businesses restructure their debts while staying open.
Instead of liquidating, you negotiate new payment terms with creditors under court supervision. You might reduce rent payments, extend loan terms, or even eliminate certain contracts that hurt your business.
Restaurants struggling with high rent, manufacturers dealing with supply chain disruptions, or retail stores hit by economic downturns often use Chapter 11.
The process takes longer than Chapter 7—usually 12 to 18 months—but lets you keep operating while you fix your financial foundation.
Chapter 13 Bankruptcy: A Plan to Eliminate Debt
Chapter 13 creates a three-to-five-year payment plan that fits your budget.
You pay what you can afford each month, and the court discharges the remaining debt at the end.
Chapter 13 works especially well for people with steady income who want to save their homes from foreclosure or catch up on car payments.
Homeowners facing foreclosure make up a large portion of Chapter 13 filers. So do people with good jobs who simply took on too much debt.
For instance, a Camden County teacher earning $100,000 might use Chapter 13.
Contact our Camden County bankruptcy lawyers today to discuss which bankruptcy chapter fits your situation.
The Benefits of Filing Bankruptcy in Camden County
Automatic Stay Protection
The moment you file for bankruptcy, the law known as the automatic stay stops all collection activities.
Creditors can't call, sue, garnish wages, or repossess property.
This breathing room lets you focus on rebuilding instead of dodging collection agents.
Debt Elimination
Chapter 7 erases most unsecured debts.
Medical bills from a hospital stay, credit card balances, and personal loans you took to pay other bills are gone.
Chapters 11 and 13 provide you with a repayment plan, reducing payments. At the end, it eliminates the remaining debt.
Once you complete the plan, the remaining eligible debt is eliminated.
Asset Protection
New Jersey does not offer a homestead exemption. However, the federal homestead exemption is available.
Federal homestead exemption allows you to protect your property by keeping your home equity up to $31,575.
If you file for bankruptcy together with your partner and co-own a property, you can protect home equity up to $63,150.
How Our Camden County Bankruptcy Lawyers Help You and Your Business Eliminate Debt and Rebuild
Bankruptcy involves federal court procedures, detailed paperwork, and strict deadlines.
One mistake can delay your case or cost you valuable exemptions. We guide you through every step from your first consultation to your final discharge.
Step 1: Case Evaluation and Strategy
We analyze your debts, income, and assets to determine the best bankruptcy chapter.
We identify which debts will be eliminated and which property you'll keep.
Step 2: Preparation and Filing
We complete all required forms, gather supporting documents, and file your petition with the Camden County bankruptcy court.
Our bankruptcy attorneys in Voorhees, NJ, ensure your paperwork is accurate and filed on time.
Step 3: Automatic Stay Enforcement
We notify creditors of your bankruptcy filing and stop all collection activities.
If creditors violate the automatic stay, we take legal action to protect you.
Step 4: Meeting of Creditors
We prepare you for the 341 meeting where the trustee reviews your case.
We attend the meeting with you and handle any questions or concerns.
Step 5: Plan Confirmation or Asset Administration
For chapters 11 and 13, we help you create a solid repayment plan that stands up to court review.
For Chapter 7, we protect your exempt assets during the trustee's review.
Step 6: Discharge and Fresh Start
We ensure you complete all requirements and receive your discharge order.
Contact our bankruptcy attorneys in Voorhees, NJ, today to start your journey toward financial freedom.
Why People and Businesses Trust Our Camden County Bankruptcy Lawyers to Eliminate Their Debt
Our founder, Howard N. Sobel, chose bankruptcy law for two main reasons that still guide us today:
- He truly wants to help people get through their toughest money problems.
- He has a strong drive to fight for his clients.
Bankruptcy laws are tricky, and companies you owe money to often have smart lawyers on their side.
Howard's experience in fighting legal battles means we know how to stand up for you when trustees challenge exemptions or creditors object to discharge. We don't just fill out forms. We fight hard for the best possible result for you.
Since 1980, we've helped so many people and businesses in Camden County get their finances back on track.
For over 40 years, we've seen every kind of debt problem. This includes medical debt after a serious illness or businesses struggling when the economy is bad. This experience helps us see problems early and guide you to solutions that really work.
When you're dealing with a lot of debt, you need more than just a lawyer. You need someone who understands the fear and stress a money crisis can bring.
Our Reputation
Our reputation shows how good we are:
- Howard N. Sobel has been named a New Jersey Super Lawyer every year since 2010.
- SJ Magazine called him a Top Attorney multiple times.
- South Jersey Magazine has recognized him as an Awesome Attorney every year since 2011.
We've helped many clients, from family farms to media companies. We've seen them rebuild their lives and come back stronger. We can do the same for you.
Talk to our bankruptcy attorneys in Voorhees, NJ, today to see the difference we can make.
Contact Our Camden County Bankruptcy Lawyers at Law Offices of Howard N. Sobel for a Consultation
We know what you're going through. The sleepless nights wondering how you'll pay rent. The fear of losing your business after pouring your life savings into it.
Our Camden County bankruptcy lawyers dedicate their careers to helping people like you.
For help from bankruptcy lawyers in Camden County, contact Law Offices of Howard N. Sobel online or call 856-746-4150 today.