Do I Need A Bankruptcy Lawyer?
Having a bankruptcy law attorney like Paul N. Mirabelli, Esq. on your side positions you to be in the best financial shape in the future possible.
Paul N. Mirabelli, Esq. has been helping clients for over three decades and knows the law in and out. Forgoing this invaluable resource and trying to pilot the seas of bankruptcy law dramatically limits your ability to make the break from your past you need and capitalize on the several laws and conditions available to you.
To further illustrate this point, let’s take a small test. If you are aware of the following areas of or things pertaining to bankruptcy law, then you will receive my congratulations – congratulations for merely knowing of the particular area of or thing pertaining to bankruptcy, not anything beyond that, such as what it entails, if you would be eligible for it, or how to make it work for you as best as possible.
- Chapter 7;
- This is the most common type of bankruptcy in Belford, NJ, and can actually help you keep your possessions and assets, such as your home and car. You can leverage it to set a clean slate and start anew.
- Chapter 11;
- Businesses typically use this, but individuals with substantial debts and assets can use it as well. It allows you to continue functioning while debts are determined and paid off.
- Chapter 12;
- This is a type of bankruptcy unique to family farmers and fishermen.
- Chapter 13;
- This type of bankruptcy allows you to reorganize and pay back debt with no interest. It also stops foreclosures, protects against repossession, and ensures utility shutoffs do not occur. This, too, you can leverage to set a clean slate and start anew.
- Debt, collection and consolidation;
- Beware of debt collection agencies. They are third-party entities that can collect your debt even if they aren’t the original lender, ranging from independent agencies to collection attorneys that represent creditors. Have someone in your corner who knows your rights and will go to bat for you.
- Repossession occurs when the party with the right of ownership of a property, such as your bank, takes your home from you without court proceedings. They can do things like sell your house to third-party sellers.
- This occurs when you can no longer pay mortgage payments according to your mortgage contract, allowing the lender to seize your home or asset and remove you from it.