If you are in debt and have no way out, filing bankruptcy may be an option. It can help prevent creditors from harassing you for payment. However, there are several factors involved with the filing process, so you should hire a personal bankruptcy lawyer in NJ to assist you throughout the process.
There are two general types of bankruptcy; a chapter 7 and a chapter 13. Both options can be a long and tedious process, and although both options can help with your debt, there is a different process for each and each chapter has its own set of regulations and requirements. Filing for this type of debt relief involves the collection of several facts, designing reports and filling out and filing numerous forms for the courts. A personal bankruptcy lawyer in NJ is knowledgeable in the entire process and can assist you with accurately filing the application.
A personal bankruptcy lawyer in NJ can assist you with handling the plea as well as provide you with financial management advice. It is important to understand the process, the difference between the two chapters and which plea would be the most appropriate for your individual situation.
There are fees involved with filing either chapter 7 or chapter 13. The filing cost is the amount of money you will need to pay in order to file a plea with the courts, but this cost is separate from the fee you will be required to pay the attorney. Fees for an attorney vary depending on the amount of work involved with the case and the complexity of your individual situation.
It is extremely important that you not choose an attorney based on their cost alone. If you notice the cost for one attorney is extremely lower than the other attorneys for assisting with debt problems, it does not mean this is the best attorney for the case. You must choose an attorney according to their reputation and knowledge. A reputable debt relief attorney will be upfront and honest with you regarding the process, and most will provide you with a comprehensive consultation to discuss your case before agreeing to take the case. You should select an attorney you are comfortable with and that has a good reputation in this area of the law.