New Jersey Debt Relief Attorney
We Can Help You Handle Your Debt – Call Us Today at (888) 301-0584
At the Law Office of Simon Goldenberg, our New Jersey debt relief attorney is prepared to assist you in filing for bankruptcy and will provide you with the compassionate representation you deserve through this difficult time. Our firm’s experience and knowledge in this legal area can guide you through the entire process providing you the best possible outcome. Contact us today to review your case with our attorney and see which form of debt relief is right for you.
Forms of Debt Relief
Are you unsure of debt relief? Don’t be, debt relief does not mean the end of the road when it comes to your financial security. There are various forms of debt relief in place to help those that are going through hard times and don’t want to lose everything. Especially if you are the owner of a business that is struggling financially, debt relief can be your only option to escape debt unscathed.
Forms of debt relief include:
- Debt Settlement
- Credit Repair
- Debt Lawsuit
- Fair Debt Collection Practice Act
- Debt Negotiation
- Payment Plans
- Consolidation
In addition, bankruptcy is one of the most popular forms of debt relief available. There are three forms of bankruptcy including:
- Chapter 7 – is used to assist those who are struggling with their business assets and provides them an opportunity to liquidate their remaining business assets in order to pay off their debt. This also comes with the ability to discharge your remaining debt after the liquidation is completed; note that some debts are not dischargeable.
- Chapter 11 – is used to assist those in debt who are allowed to re-organize their debt portfolio and create a payment plan to pay off what is owed. This is typically a good option for business owners who are looking to not liquidate their business, but are looking to pay off their debt in a more organized manner; note that some debts are not dischargeable.
- Chapter 13 – is a form of bankruptcy similar to chapter 11, however, chapter 11 has no length of time regarding repayment of debt. Chapter 13 bankruptcy outlines a payment plan for debt that will last anywhere from 3 to 5 years and at the end of the payment plan all other debts may be discharged; note that some debts are not dischargeable.
Contact your New Jersey debt relief attorney today and begin reviewing your debt.
