Being overwhelmed by debt can cause a great deal of stress, fear and anxiety. Those feelings may be alleviated by making the decision that filing for bankruptcy in New Jersey is your best option. However, the process is paper intensive and complex, which may only bring back those emotions. Fortunately, you do not have to go through the process alone.
Attorneys who have chosen to help individuals and families who are struggling under a mountain of debt can make the process less stressful. The first question many people have is whether they should file a Chapter 7 (liquidation) or Chapter 13 (reorganization) petition, which are the most common consumer bankruptcy alternatives. The best option for you will depend upon an examination of your financial situation.