Bankruptcy Attorneys in Gloucester County, NJ, Assisting Clients With Bankruptcy Filings and Debt Relief in Washington Township, Monroe Township, Deptford, and Throughout New Jersey
Are you struggling to make minimum payments on your debts? Is your business facing mounting bills that seem impossible to pay?
Our Gloucester County bankruptcy lawyers help individuals and businesses break free from overwhelming debt and get back on track.
Life can change in an instant. A job loss, medical emergency, or unexpected business downturn can turn a manageable situation into a financial nightmare.
Bankruptcy could be your path forward.
Bankruptcy can end creditor harassment, save your home from foreclosure, and give you the fresh start you deserve. We understand Gloucester County's legal system and will stand by you through the entire bankruptcy process. We have helped many businesses and people like you across the county.
Don't let debt destroy your future. Contact us today for a consultation and discover how we can help you reclaim your financial freedom.
Which Bankruptcy Chapter Is Right for You or Your Business in Gloucester County?
Bankruptcy laws give you many ways to escape that debt trap and build a better future. The key is to pick the right path for your situation.
Chapter 7 Bankruptcy: Your Fresh Start
Chapter 7 wipes out most unsecured debt in about four to six months.
Chapter 7 works for credit cards, doctor bills, personal loans, and old bills you can't pay.
Chapter 7 helps lots of Gloucester County people. Maybe you lost your job at one of the local factories. Maybe huge medical bills hit your family. Or maybe a divorce left you with debt you can't handle. Chapter 7 gives you a clean slate instead of years of tiny payments that never seem to help.
A person called a trustee checks your income and what you own to see if you can file for Chapter 7. To qualify, people need to pass a means test.
Most Gloucester County families who make less than the state median income can use Chapter 7. A family of four making under $163,110 per year usually gets approved.
Chapter 11 Bankruptcy: Saving Your Business
Chapter 11 helps businesses modify how they pay their debts without closing down.
You work out new deals with the people, companies, and other creditors you owe money to. You might get your rent lowered, get more time to pay back loans, or get rid of contracts that hurt your business.
Gloucester County has lots of small businesses, from auto shops to restaurants to farms. When these businesses hit hard times, Chapter 11 helps them survive.
Chapter 11 takes more time than Chapter 7, usually about 18 months to 5 years. But your business stays open, and you get time to fix your money problems.
Chapter 13 Bankruptcy: Pay What You Can
Chapter 13 sets up a payment plan for three to five years.
You pay an amount you can actually afford each month. When you finish the plan, the court cancels whatever debt is left.
Here's how it works:
Say you're a dentist in Gloucester County making $90,000 per year. You owe $30,000 on credit cards. Instead of paying $700 every month, Chapter 13 might let you pay just $200 per month for five years, depending on your plan. After that, you don't owe the rest.
Chapter 13 plan works great for Gloucester County homeowners who are about to lose their house. Chapter 13 stops the foreclosure right away. Then you can catch up on your missed house payments slowly over time. It also helps if your car is about to get taken away.
Ready to get help? Call our Gloucester County bankruptcy lawyers now or fill out our form to see which bankruptcy option could work for you.
Why Filing for Bankruptcy Makes Sense for Gloucester County Families and Businesses
Instant Protection from Collection Actions
The moment you file for bankruptcy, a special rule called an automatic stay starts.
An automatic stay creates a wall between you and the people or companies you owe money to (your creditors).
- Phone calls from collectors stop.
- Lawsuits against you freeze.
- Threats to take your car or other things disappear.
This immediate protection provides the calm you need to focus on your financial recovery.
Debt Elimination
Unlike debt consolidation or negotiation, bankruptcy offers debt elimination.
Chapter 7 completely eliminates most unsecured debts. Hospital bills that drained your savings, credit card debt that spiraled out of control, and personal loans you couldn't keep up with are all erased.
Chapters 11 and 13 change your debts into payment plans you can afford. When you finish your payment plan, any remaining debts that qualify are gone forever.
Keep Your Home
New Jersey doesn't have its own special rules to protect your home in bankruptcy. But you can use federal rules instead.
You can keep up to $31,575 of equity in your home. If you and your spouse file for bankruptcy together and both own the house, you can protect up to $63,150 total.
How Our Gloucester County Bankruptcy Lawyers Help You and Your Business Break Free From Debt
Bankruptcy cases have many tricky federal rules, lots of paperwork, and strict deadlines.
Our help makes sure your case goes smoothly and helps you get the most debt relief possible. We give you full support through your whole bankruptcy journey, from our initial assessment to final debt discharge.
Stage 1: Detailed Financial Review
We conduct a thorough analysis of your debts, income, and assets to determine the optimal bankruptcy approach.
Our bankruptcy attorneys in Gloucester County, NJ clearly outline which obligations will be discharged and which property remains protected.
Stage 2: Filing and Documentation
We prepare all mandatory forms, compile required supporting materials, and file your case with the Gloucester County bankruptcy court.
Our attention to detail approach ensures accurate, timely submissions.
Stage 3: Automatic Stay Implementation
We immediately notify creditors of your bankruptcy filing, activating automatic stay protection.
Our bankruptcy attorneys in Gloucester County, NJ, aggressively pursue legal remedies against creditors who violate automatic stay provisions.
Stage 4: Creditor Meeting Support
We prepare you thoroughly for the required 341 creditors meeting with the bankruptcy trustee.
We attend this meeting with you and handle any inquiries or complications that may arise.
Stage 5: Case Administration
For chapters 11 and 13 filings, we work closely with trustees to secure approval of your repayment plan.
In Chapter 7 cases, we protect your exempt assets during the trustee's evaluation process.
Stage 6: Discharge and Recovery Guidance
We ensure you complete all bankruptcy obligations and obtain your final discharge.
Take the first step toward debt freedom. Contact our bankruptcy attorneys in Gloucester County, NJ, today for your consultation.
Why Gloucester County Residents and Businesses Trust Us to Resolve Their Debt Problems
Howard N. Sobel started bankruptcy practice because he saw how the right legal help can completely change someone's financial future.
Howard has a lot of experience in court. So, we are ready when people you owe money to (creditors) don't cooperate, or when bankruptcy trustees ask questions about your property.
We've spent over 40 years learning strategies that don't just get rid of debt, they help you succeed with wealth long-term.
Gloucester County has seen big economic changes, from factory jobs changing to healthcare growing. We've helped clients through every change.
When the economy changes, debt problems change too. We have experience with everything from regular consumer debt to modern problems like too much student loan debt. This experience gets results.
Recognitions In the Legal Community
- Howard N. Sobel has been recognized as a New Jersey Super Lawyer every year since 2010.
- SJ Magazine named him Top Attorney for Debt Collection multiple times.
- South Jersey Magazine has called him an Awesome Attorney for bankruptcy and debt issues every year since 2011.
Our clients come from all over Gloucester County's business world. We've helped farm businesses like Balford Farms, service companies like Marlin Business Service Corp., and media companies like May Media Group LLC.
What began as helping people in need has become Gloucester County's most trusted bankruptcy law firm.
You don't have to face your debt problems alone. Contact us today and see why people in Gloucester County trust us to help them get a safe financial future.
Contact Our Gloucester County Bankruptcy Lawyers at Law Offices of Howard N. Sobel for Your Free Case Evaluation
The stress of money problems changes everything. Family relationships get tense when you can't help household bills. Business partnerships break under the stress of growing debt.
Our Gloucester County bankruptcy lawyers understand both the legal stuff and the emotional pain of money crisis. We've helped thousands of clients through their worst financial times and watched them come out stronger, smarter, and more financially secure than before their crisis started.
For help from bankruptcy lawyers in Gloucester County, contact Law Offices of Howard N. Sobel online or call 856-746-4150 today.