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We hope you find this information helpful, but we are no longer handling bankruptcy cases. ?CAUTION: Some of the information is not up-to-date, for example,exemptions, etc.??Thank you and best of luck.

Bankruptcy – Get a Fresh Start

Types of Bankruptcy

Some of the common types of bankruptcy are:

  • Chapter 7 : A form of personal or consumer bankruptcy that is also known as a “fresh start” as it allows qualifying individuals to have most of their unsecured debt discharged
  • Chapter 13 : Another form of personal or consumer bankruptcy, a Chapter 13 is a repayment plan that allows you to have your debt reorganized in order for you to pay off what you owe in amounts that you can afford.
  • Chapter 11 : If you own a business, and the business is facing bankruptcy, a Chapter 11 is the proper type of bankruptcy to file as it will allow you to continue to operate your business while paying off your debts. This is a very expensive process and not recommended for small business.

Disclaimer: Although I am an attorney licensed to practice law in the State of New Jersey, the information on this website is for general information purposes only and is not to be construed as legal advice. Every situation is different and there are many exceptions for every legal principal or rule. You must consult with an attorney licensed to practice law in your jurisdiction for help and advice. If you reside in the State of New Jersey, I can provide you with legal advice, however, it needs to be done in person, by telephone, or video conferencing.