Do I Qualify for Chapter 13 Bankruptcy in New Jersey?

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Here at the Law Office of Boyd & Squitieri, our Bergen County bankruptcy lawyer understands just how frightening and overwhelming it can be when bills pile up and a person is unable to pay them. Fortunately, for many qualifying individuals and families, filing Chapter 13 bankruptcy is a fantastic option. Though the word “bankruptcy” has somewhat of a negative stigma associated with it, the truth is, for many, it’s a lifesaver. Read on and contact the Law Office of Boys & Squitieri to learn more about Chapter 13 bankruptcy in New Jersey, whether you qualify, and how our firm can help you through each phase of the bankruptcy process going forward.

Who is eligible for Chapter 13 bankruptcy in New Jersey?

The first thing to understand is that not everyone struggling financially automatically qualifies for Chapter 13 bankruptcy. For you to qualify, you must owe noncontingent, liquidated unsecured debts that fall within the limitations set out by the Bankruptcy Code. You must also have a regular income. Though Chapter 13 is a great tool for many, if you don’t qualify, don’t worry–you may still qualify for Chapter 7 or another type of bankruptcy.

What are the benefits of filing Chapter 13 bankruptcy in New Jersey?

Many people are pleased to learn that Chapter 13 bankruptcy in New Jersey offers a wide array of benefits. The most important thing, for many people, is that Chapter 13 bankruptcy will allow them to keep their home via an automatic stay. Additionally, Chapter 13 bankruptcy allows them to keep most of their other possessions and assets. After an automatic stay is issued and creditors are prohibited from all collection activities until the resolution of your bankruptcy case, you can work out a repayment plan with your attorney. This plan makes it so you can pay off your debts at a more reasonable rate and move forward with your life.

The bottom line is that if you qualify for Chapter 13 bankruptcy and you believe it’s the best option for you, the time to act is now. Simply give our Bergen County Chapter 13 bankruptcy lawyer a call. Our firm is ready to fight for you and the outcome you deserve.


The Law Office of Boyd & Squitieri prides itself on providing our clients with the competent, honest, and effective legal advice they deserve. Whether you are facing sex crime charges, require assistance filing for bankruptcy, or are looking to go through the foreclosure mediation process, you can depend on us to fight for your rights through every step of the process going forward. Contact the Law Office Boyd & Squitieri today to learn more about how our legal team can help you.