Bankruptcy Attorneys in Burlington County, NJ, Helping Clients Find Debt Relief in Evesham, Mount Laurel, Willingboro, and Throughout New Jersey
Are those credit card bills piling up faster than you can keep up? Is your business drowning in expenses with no relief in sight?
Our Burlington County bankruptcy lawyers help people and companies get out from under crushing debt and start fresh.
Financial setbacks can happen to anyone. A divorce, sudden illness, or slow business season can destroy years of hard work in just months. Many Burlington County families and business owners find themselves facing an overwhelming debt situation.
Bankruptcy may be the solution you need.
Bankruptcy can stop collection calls, protect your home, and give you the breathing room to reset. Our team knows Burlington County’s courts and can guide you through every step of bankruptcy.
You don't have to face this alone. Contact us today for a consultation and learn how we can help you rebuild your financial life.
Which Type of Bankruptcy Is Right for You and Your Business in Burlington County?
There are three main chapters under which you can file for bankruptcy. Each is designed for different people and situations.
Chapter 7 Bankruptcy: Get Rid of Debt Quickly
Chapter 7 is the fastest way to get rid of most of your everyday unsecured debt.
Chapter 7 usually takes only four to six months. It's best for getting rid of:
- Credit card bills
- Medical bills
- Personal loans
- Old utility bills
To see if you qualify for Chapter 7, a person called a trustee will look at your money situation. They check how much money you make and what you own.
For example, a family of four making less than $163,110 per year usually qualifies. You often get to keep important things like your house, car, and some household items.
Many people who lost their jobs, had big medical bills, or went through a divorce choose Chapter 7.
Instead of paying small amounts on debt for many years, Chapter 7 wipes out the unsecured debt quickly so you can start over.
Chapter 11 Bankruptcy: Help Businesses Get Out of Debt
Chapter 11 lets businesses reorganize their debt payments while staying open.
Chapter 11 focuses on renegotiating terms with creditors. Instead of closing down, the business works with them to find a better way to pay back what's owed.
A business might pay less rent, get more time to pay back loans, or end contracts that cost too much.
Under Chapter 11, the business creates a detailed plan that the court and creditors agree on.
Burlington County has many different types of businesses, from factories to stores along busy roads. Many of these businesses use Chapter 11 when times get tough.
Chapter 11 takes longer than Chapter 7. But Chapter 11 lets you keep your business running while you fix your money problems.
Chapter 13 Bankruptcy: Plan Your Debt Payments
Chapter 13 lets you create a payment plan that lasts three to five years.
You pay what you can afford each month. After you finish the plan, the court clears away debt that's left.
Chapter 13 works really well for homeowners in Burlington County who might lose their house. Chapter 13 stops the bank from taking your house right away.
Then, you can catch up on missed house payments over time. It also helps if you're behind on car payments.
For example, a doctor in Burlington County makes $110,000 per year but owes $35,000 on credit cards. Instead of paying $800 every month, Chapter 13 might let them pay only $300 per month for five years, depending on their plan. After that, the eligible leftover debt is gone.
Want to learn more about your options? Contact our Burlington County bankruptcy lawyers today to find out which bankruptcy type might help you.
The Advantages of Starting Fresh with Bankruptcy in Burlington County
When you file for bankruptcy, it benefits you in many ways.
Get Instant Relief from Money Worries
When you file for bankruptcy, a special rule called an automatic stay starts right away.
An automatic stay immediately stops all the people you owe money to (creditors) from bothering you. An automatic stay means:
- No more worrying about your wages being taken directly from your paycheck.
- No more scary letters about losing your home.
- No more aggressive calls from debt collectors.
The automatic stay gives you time to relax and figure out your money plans without constant pressure.
Get Rid of Your Debts
- Chapter 7 bankruptcy can completely erase certain common debts. This means those huge medical bills, maxed-out credit cards, and personal loans that kept you up at night can simply disappear.
- Chapters 11 and 13 bankruptcy help you create easy-to-manage payment plans with lower monthly payments. After you successfully finish your payment plan, any remaining debts that qualify are completely gone forever.
Protect Your Home
Even though New Jersey doesn't have its own special rule to protect your home in bankruptcy, you can use a federal law to keep your property safe.
Under federal rules, you can protect up to $31,575 of the value you own in your home (this is called home equity). If a married couple files for bankruptcy together and both own the home, this protection doubles to $63,150.
How Our Burlington County Bankruptcy Lawyers Help You and Your Business Wipe Out Debt
Filing for bankruptcy includes many rules.
You need the right papers, special steps, and to meet important deadlines. Even one mistake can stop your case from working.
We will be with you every step of the way, from our first talk until your debts are gone.
Step 1: Comprehensive Financial Assessment
We examine your complete financial picture to recommend the most effective bankruptcy chapter.
We identify exactly which debts will be eliminated and what assets you'll retain.
Step 2: Document Preparation and Court Filing
Our bankruptcy attorneys in Burlington County, NJ, take care of all the forms you need. We collect the right papers and send your request to the bankruptcy court in Burlington County.
We make sure every form is filled out correctly and sent in on time.
Step 3: Creditor Notification and Stay Protection
We immediately tell everyone you owe money to (your creditors) that you have filed for bankruptcy. This starts the "automatic stay," which stops them from bothering you.
If a creditor tries to break these rules, we will take legal action to protect you.
Step 4: Creditors Meeting Preparation
We will fully prepare you for a required meeting called the "341 creditors meeting." At this meeting, the bankruptcy trustee (a person who oversees your case) will ask questions about your case.
Our bankruptcy attorneys in Burlington County, NJ, will go with you to this meeting and answer any questions that come up.
Step 5: Case Resolution Process
- For Chapter 11 and Chapter 13 cases: We work with the trustees to get your payment plan approved.
- For Chapter 7 cases: We make sure your protected belongings are safe while the trustee looks at your assets.
Step 6: Final Discharge and Future Planning
We make sure you do everything needed for your bankruptcy. Then, we get the official court paper that says your debts are cleared.
Ready to reclaim your financial future? Contact our bankruptcy attorneys in Burlington County, NJ, today to schedule your confidential consultation.
What Makes Our Burlington County Bankruptcy Lawyers the Right Choice for You and Your Business
Howard N. Sobel built his bankruptcy practice on a simple principle:
- Everyone deserves good legal help when they are going through tough financial problems.
What makes us different isn't just knowing the law. It's that we understand that behind every bankruptcy case is a person's story.
- A story of struggling, hoping, and being brave enough to start fresh.
Extensive Experience
Our bankruptcy law practice combines decades of courtroom experience with genuine empathy.
Howard N. Sobel has a strong background in difficult court cases. This means we are ready when people you owe money to (creditors) fight back, or when trustees question what you want to keep. We don't just handle your papers; we protect your rights at every step.
Since 1980, we've witnessed how economic shifts affect Burlington County families and businesses. From the 2008 recession to recent inflation pressures, we've helped clients navigate every type of financial storm.
This deep experience allows us to anticipate challenges and craft strategies that maximize your fresh start.
What We've Achieved
Our history shows how good we are at what we do.
- Howard N. Sobel has been called a New Jersey Super Lawyer (for general court cases) every year since 2010.
- SJ Magazine has often named Howard N. Sobel a Top Attorney (for debt collection).
- South Jersey Magazine has called Howard N. Sobel an Awesome Attorney (for bankruptcy and debt issues) every year since 2011.
We've helped all sorts of clients, from farms like Balford Farms to media companies like May Media Group LLC.
Whether you're protecting your family home in Moorestown or saving your small business in Mount Holly, we’re here to help.
Don't let money worries control your life anymore. Contact us today to learn how our 40 years of bankruptcy experience can help you get your money freedom back.
Contact Our Burlington County Bankruptcy Lawyers at Law Offices of Howard N. Sobel for a Free Case Review
Financial crisis feels frustrating, but you're not alone. We've helped countless Burlington County residents, from Cinnaminson to Chesterfield eliminate crushing debt and rebuild their lives.
Our Burlington County bankruptcy attorneys have dedicated their careers to transforming financial despair into hope. Many of our former clients now own homes, run successful businesses, and sleep peacefully at night. That same transformation is possible for you.
For help from bankruptcy lawyers in Burlington County, contact Law Offices of Howard N. Sobel online or call 856-746-4150 today.