Commonly referred to as a "liquidation", in most Chapter 7 filings, you will be able to keep your property, including your home, vehicles, and other valuables. Under Chapter 7, a debtor may be able to discharge a large portion or the entire amount of the debt amassed.
If you have been under severe financial stress due to causes that are beyond your control, give us a call as soon as possible. Chapter 7 might be the perfect option for your situation.
Start The Next, Exciting Chapter In Your Life
Designed to give individuals a fresh financial start, a discharge of the debt is usually given, though not always. Certain criteria must be met to show that an individual has made an honest accounting of the debt, the current income, as well as the current property.
To begin the Chapter 7 process, a client must provide the following information:
A detailed list of creditors owned and the nature of their claims
The source, the total amount, and the frequency of income
An entire, detailed list of property
A list of monthly expenses - shelter, clothing, food, clothing, etc.
The Chapter 7 filing fee is $335. Call The Law Offices of Jonathan Stone of Hackettstown, NJ today. We return all calls promptly.
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Today To Get On The Path Toward Financial Stability.
“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
The Law Offices of Jonathan Stone is a locally-owned law firm, primarily practicing in the area of bankruptcy and taxation laws.
With over 13 in the business and eight years of combined experience, The Law Offices of Jonathan Stone is committed to helping you find the best resolution to your legal issues.