Getting Started To File For Bankruptcy In New Jersey

When you call my office to discuss the possibility of filing for bankruptcy, I will give you a detailed initial consultation to gather your personal facts so that I can advise you whether bankruptcy is right for you. If we agree, then we send you a packet to fill out with all of your financial information such as your assets, liabilities, income and expenses. That information is then inputted into a computer program to prepare the petition which is filed with the court to start your bankruptcy case.

In the course of doing all that, here are some specific issues that we will review and discuss with you:

Whether you should file under Chapter 7 or Chapter 13. This office does not file Chapter 11s but we will tell you if that is most appropriate for you.

Gather all information regarding your debts. We will obtain a credit report for you if you authorize it, to make sure that nothing is left out.

We need to determine whether you are current on secured debts such as home mortgages and car loans. You need to be current on those in order to file a Chapter 7, and you need to continue making timely payments on those secured debts after filing bankruptcy if you wish to keep the home or car.

I will provide you with a list of approved providers for credit counseling. You must take a credit counseling course in order to be able to file for bankruptcy.

You need to decide whether to reaffirm your debts and to assume any leases. What this means is that you may decide to make a particular debt an exception to discharge. For example, you may decide to keep a leased or financed vehicle.

This list is not inclusive for each and every client, but is provided to give you a better idea of the process.

Call us today for that free initial consultation.

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Charles D. Whelan III has been committed to excellence for over 30 years. With offices located centrally in New Jersey, he is able to provide businesses and individuals with excellent legal services.

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