New Jersey Bankruptcy

If you’re thinking about filing Chapter 7 bankruptcy, a New Jersey bankruptcy attorney can be a good resource to answer your pressing questions.

Find out if filing bankruptcy is right for you by connecting with a New Jersey bankruptcy lawyer in your area. Just enter your ZIP code below, fill out our free 2-minute bankruptcy evaluation form, and take the first step toward fixing your debt problems.

Filing Chapter 7 Bankruptcy in New Jersey

If you’re thinking about filing for Chapter 7 bankruptcy in New Jersey, you’re probably interested in learning a little bit about what to expect from your case. We at Chapter7.com have some important information to get you started on the road to Chapter 7 bankruptcy and a fresh financial start.

We can also connect you with a New Jersey bankruptcy lawyer to help you with the nitty-gritty of a bankruptcy filing. All you need to do is fill out the above free online evaluation form to get started.

What Are New Jersey’s Chapter 7 Exemptions?

Chapter 7 bankruptcy is sometimes referred to as “liquidation” because the bankruptcy trustee can raise money to pay your creditors by selling some of your personal belongings. This conversion to cash is known as “liquidation.”

So what property is protected under New Jersey bankruptcy law? See here:

Wages: 90 percent of your earnings, unless that amounts to more than 250 percent above the poverty level. Depending on the size of your family, this percentage and exception may vary.

Personal Property:

• Up to $1,000 of furniture and household goods.
• Burial plots.
• Clothing.
• Up to $1,000 of other personal property.

Most states have specific  standard exemptions for your home and motor vehicles. New Jersey outlines no specifics for either, but a local bankruptcy can provide information on any exemptions you may qualify for when filing.

Questions? Consult a New Jersey Chapter 7 Bankruptcy Lawyer Today

As you can see, New Jersey’s Chapter 7 exemptions require a bit of interpretation.

If you’re unsure how to determine the value of your personal belongings or are interested in getting a professional opinion about your finances, you may be ready to speak with a bankruptcy lawyer practicing in your area of New Jersey.

To start the Chapter 7 bankruptcy process, you don’t even have to leave this Web page. Simply fill out the above free online case evaluation form or give us a call at 877-226-6844 and we’ll connect you with a bankruptcy lawyer practicing near you.

Why wait? It’s not going to get any easier than this to start your bankruptcy case today!

Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.