Under New Jersey law, you cannot claim any exemption for the value of your home, even if you have some equity. In addition, New Jersey does not allow you to protect tools of your trade. Here’s an overview of the allowed exemptions under New Jersey bankruptcy law:
At the office of Howard N. Sobel, we work closely with people in New Jersey in personal bankruptcy filings. Contact our office online or call us at 856-424-6400 to set up a free initial consultation (on selected cases). We are currently available by phone, text message, or videoconference only. Evening and weekend appointments can be arranged upon request. We accept all major credit cards.
Named a New Jersey Super Lawyer Every Year since 2010-2022
What Steps Can You Expect When Seeking to Discharge Debts Permanently? When you’ve lost your job or had an unexpected injury or illness, bankruptcy may be the best way to get a fresh start. If you qualify, you can ask the bankruptcy court to permanently dis...
Read MoreHow Does the Bankruptcy Court Determine Whether or Not You Qualify? When you’re struggling to meet your financial obligations and have determined that a personal bankruptcy filing is your best chance for a fresh start, you may have a couple of options. If y...
Read More