How Does Chapter 13 Bankruptcy Work in New Jersey?

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If you are in a situation where you have mounting debts and you are unable to pay those debts off on your own, you should strongly consider speaking with an experienced and compassionate Bergen County bankruptcy lawyer who can help you explore your options going forward. Please continue reading and reach out to our firm to learn more about Chapter 13 bankruptcy in New Jersey and how our firm can guide you through each step of the legal process ahead. Here are some of the questions you may have:

Will I qualify for Chapter 13 bankruptcy?

Unfortunately, not everyone will qualify for Chapter 13 bankruptcy, as to qualify, you are required to owe noncontingent, liquidated unsecured debts that are within the limitations included in the Bankruptcy Code and have a regular income. This is why it is always best to speak with an experienced Bergen County bankruptcy lawyer who can assess your situation and determine whether you truly qualify. Our firm has significant experience guiding clients through each step of the bankruptcy process, and we are here to use that experience to your benefit.

Why should I file Chapter 13 bankruptcy?

Chapter 13 bankruptcy, for many, is a fantastic tool to help get them out of debt and keep most of their possessions and assets. You should also understand that once you file for Chapter 13, it will issue an automatic stay, which means that creditors cannot continue any collection activities until your bankruptcy case is resolved. Once an automatic stay is issued, you can keep many assets, including your home.

From here, with Chapter 13 bankruptcy, you can create a repayment plan that will allow you to pay off your debts and move on with your life. Chapter 13 bankruptcy will allow you to consolidate your debt into a more manageable payment, prevent foreclosures, wage garnishment, and liens, and it will allow you to keep your assets while repaying your debts. If you have any further questions about the bankruptcy process in New Jersey, please do not hesitate to reach out to our experienced Bergen County bankruptcy attorney. Our firm is ready to assist you in any way we can.


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 or require assistance filing for bankruptcy, 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.