Jump to Navigation

Chapter 7 bankruptcy in New Jersey offers help to many

Among the reason that people in New Jersey seek a personal bankruptcy is the discovery that the business that they own is suffering financially. This may have been, at least in part, what also led one woman from another state to seek a Chapter 7 bankruptcy recently. That case is moving forward in her home state and, when completed, could leave the woman with little of the debts that once plagued her.

The woman owned a business that sold mobile homes to customers. Apparently, earlier this year she became embroiled in a dispute with her family about that business. That, she says, led to her being locked out of the business, thus making it difficult for her to complete transactions or earn an income.

After being unemployed for a period of time, it appears that she found it difficult to repay many of the personal debts that she owed. This may be a familiar situation to some here in New Jersey. This led, at least in part, to the filing of a bankruptcy that was ultimately converted to a Chapter 7 proceeding.

A Chapter 7 bankruptcy can result in the total discharge of the unsecured debts of a person in New Jersey who seek this type of relief. That means that, once completed, people find that they are free of many, if not all, of the debts that had once overwhelmed them. This is good news for those who need the help offered by these important constitutionally guaranteed alternative. In many instances, it allows the individual to obtain a discharge of specified outstanding debts with a view toward rebuilding their financial life.

Source: brownsvilleherald.com, Park Girl faces numerous charges, Emma Perez-Trevino, Dec. 29, 2013

No Comments

Leave a comment
Comment Information

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Subscribe to This Blog's Feed Visit Our
Bankruptcy Law Website

Office Location

Law Office of Robert Braverman, LLC

South Jersey
1060 North Kings Highway, Suite 333
Cherry Hill, NJ 08034
Phone: 856-254-2196 
Toll Free: 800-759-0767
Fax: 856-414-1230
Map & Directions

Willingboro Area Office
Law Office of Robert Braverman, LLC

1848 Burlington Mount Holly Rd (Route 541)
Mount Holly, NJ 08060
Phone: 856-254-2196
Toll Free: 800-759-0767
Willingboro Area Office

Center City, Philadelphia
15th Floor
1515 Market Street
Philadelphia, PA 19102
Map & Directions

Northeast Philadelphia
7909 Bustleton Avenue
Philadelphia, PA 19152
Map & Directions

FindLaw Network