Tamburro Law Offices
Bankruptcy Law
“Economy is too late when you are at the bottom of your purse.”
-Seneca the Younger
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BANKRUPTCY LAWYER IN NEW JERSEY
Our bankruptcy team offers expert legal guidance for our clients involved in bankruptcy matters in the personal or business arena in New Jersey. TAMBURRO LAW OFFICES provide a comprehensive assessment of your financial situation and a variety of options for resolving your issues. We provide the following services to help lower your interest rates, make payments more manageable, and eliminate or restructure your debt:
- Budget management
- Credit counseling
- Debt consolidation
- Refinancing
- Creditor Negotiations
- Bankruptcy Filing
Our attorneys help both individuals and businesses explore their financial and legal options when faced with the possibility of bankruptcy. We can advise you on the best course of action in the following situations:
Chapter 7 Personal Bankruptcy
Filing for Chapter 7 bankruptcy allows for some debts to be discharged while allowing the debtor to maintain exempt assets such as their home, vehicles and retirement accounts. Most often, our New Jersey bankruptcy attorneys help individuals file for Chapter 7 bankruptcy when they are unable to pay off debts due to lack of income and/or the lack of other resources.
Chapter 11 Corporate Bankruptcy
Chapter 11 bankruptcy allows for the most flexibility of the bankruptcy chapters and is most often the preferred bankruptcy filing for businesses. Chapter 11 is similar to Chapter 13 in that it allows businesses to reorganize their debt and pay it off with continuing income. Unlike chapter 7, which would force the company to cease business and close, Chapter 11 allows the company to remain in business and try to turn around its financial situation. We help businesses that are in debt take the opportunity to reassess their finances and creditor obligations and make strides toward resolving their debt.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is ideal for individuals and companies that have a steady income and do not want to lose non-exempt property under Chapter 7. Filing for Chapter 13 bankruptcy allows both individuals and businesses to pay off an unlimited amount of debt over time. By presenting a structured three to five year payment plan to the court detailing how the debts will be repaid, debtors may move forward with resolving their finances without accruing interest on the funds they owe. We will assess your finances and debts, negotiate with your creditors and restructure your debt so that repayment is feasible.
Due to the complexity of bankruptcy law, we advise you or your company to contact us free of charge. During your initial consultation we will discuss your situation with you and advise you about taking your next step, which may be filing for bankruptcy, negotiating your debt with creditors, or another alternative plan.
“About the time we can make ends meet, somebody moves the ends.”
-Herbert Hoover
CONTACT TAMBURRO LAW OFFICES TODAY
If you are not sure what you qualify for and want to maximize your bankruptcy options we have the experience to help you process your petition in the most efficient and beneficial manner. Fortunately, meeting with an experienced New Jersey lawyer is easy as we’ve got multiple offices conveniently located in South Jersey. Just let us know which office is closest to you and an attorney will meet you there.
Call the firm directly at (856) 906-2790. TAMBURRO LAW OFFICES offers free consultations for all personal injury and workers’ compensation claims as well as bankruptcy, municipal court and criminal matters. Call us today or contact us online to discuss your specific needs.