Bankruptcy Process

Do you feel as if you are drowning in debt? Are you facing a repossession notice? Are you facing a lawsuit judgement? Are creditors constantly calling but you find you cannot meet their demands? Have debt counseling programs only dug you deeper into debt BANKRUPTCY CAN HELP!

What is bankruptcy?

The New Jersey bankruptcy law, Pennsylvania bankruptcy law, and Delaware bankruptcy law is a consumer protection law. It is a federal process which allows you to have your qualifying debts forgiven. The law recognizes that bad things can happen to good people, and sometimes you simply do not have the ability to comply with your creditor’s repayment demands.

According to Epiq System, a database of federal bankruptcy records, in 2010, 1.55 million bankruptcy filings were recorded and in 2011, there were about 1.37 million bankruptcy filings. [1]

As a consumer, you may be facing a circumstance that is beyond your control and it can only be relieved through the discharge of debts. There is no shame in filing bankruptcy. Filing bankruptcy means you will be alleviated of certain debts and can begin with a “fresh start”.

What is the Bankruptcy Process?

From a consumer’s point of view, the bankruptcy process may appear intimidating and confusing. But wth the help of our experienced bankruptcy attorney’s, the bankruptcy process can serve as a positive tool that can save you and your family from mountains of debt. Depending on what chapter of bankruptcy our attorneys decide you fall under, a Chapter 7 bankruptcy can take 3-6 months to complete and a Chapter 13 bankrutpcy, which allows a repayment plan, can take 3-5 years to complete.

Here is a step-by-step explanation of the entire bankruptcy process from start to finish.


To learn more about each step of the bankruptcy, read Step 1 – Know the Warning Signs!

What will my life be like after bankruptcy?

Bankruptcy is an effective tool that can totally eliminate any personal obligation to pay many types of unsecured debts. After filing bankruptcy, many of our clients find themselves with a “fresh start” to begin building their finances.

To lear more about what your life will be like after bankruptcy, click here.