Bankruptcy 7, 9, 11, & 13

New Jersey Bankruptcy Attorneys Who Can Help

At Burns, LeBrocq, Wolfe and Associates, our attorneys help individuals and businesses decide the best way to proceed in the face of significant debt. We represent individual debtors and commercial clients in bankruptcy proceedings, at both the state and federal level. At Burns, LeBrocq, Wolfe and Associates, our New Jersey bankruptcy attorneys will inform you of the various options available when filing for bankruptcy and will assist you through every step of the process.

If you are an individual, your bankruptcy attorney can discuss proceeding under a Chapter 7 or Chapter 13 filing, and we can help you avoid:

• Foreclosures
• Repossessions
• IRS / Tax problems
• Creditor Harassment
• Wage Garnishment
• Levies and Seizure

We also works with Chapter 11 debtors to:

• Reorganize Businesses
• Restructure Debts
• Manage Business Cash Flow Problems
• Modify Payment Plans

Additionally, we assist financially distressed municipalities seek protection from creditors under Chapter 9.

Chapter 7 is a "liquidation" bankruptcy. A major goal of the Chapter 7 filing is to protect valuable assets such as your home, vehicle, wages or retirement account. The trustee who is appointed in the Chapter 7 bankruptcy will collect all of the debtor's non-exempt assets and sell (liquidate) them to pay their debts, according to the priority of the debt. Some debts are non-dischargeable even by a Chapter 7 bankruptcy proceeding. This means that you will still have to pay the debt off, even after going through bankruptcy. Examples of non-dischargeable debts include student loans, child support, DWI fines and taxes.

Chapter 13 is a federal wage-earner repayment plan, designed to help individuals, married people and single-owner businesses pay back a portion of their debts. Chapter 11 is a reorganization proceeding generally used by businesses or by individuals who do not qualify for Chapter 13 but have assets that they do not want to lose in a Chapter 7 proceeding. The purpose of Chapter 11 is to provide a debtor with temporary relief from pre-filing debts while the debtor formulates a plan to restructure those debts under the specific requirements of the Bankruptcy Code. Senior Partner Michael Richmond has practiced bankruptcy law since 1976, having worked closely with a Chapter 11 Trustee. He recently became certified to do electronic filings with the Bankruptcy Court.

Not all clients with credit problems should file for bankruptcy. At Burns, LeBrocq, Wolfe and Associates, we will help you understand all the options. If you are having trouble with debt and are contemplating bankruptcy, please contact a New Jersey bankruptcy attorney at Burns, LeBrocq, Wolfe and Associates to discuss your options.