Mount Laurel Bankruptcy Lawyers

Our New Jersey Bankruptcy Attorneys are proud to serve the legal needs of residents in Burlington County, Camden County, Atlantic County and Gloucester County from our  Mount Laurel, NJ law office.  Our law office is centrally located and is just off Route 73 and in close proximity to the New Jersey Turnpike and Route 295.  Our New Jersey lawyers offer a free initial consultation to determine your best legal strategy and we offer flexible payment plans to make any legal fees most affordable to you.  

When you hire our firm to file bankruptcy, stop a foreclosure, or help relieve your debt, you hire a team of legal advocates who care, who will keep you informed, and who will fight for you every step of the way. Your phone calls are promptly returned by our lawyers and professional staff. We’re available 24/7 to talk about debt relief strategies for your current situation. Whether you are filing for bankruptcy or trying to stop a foreclosure, we provide new clients a free consultation with a licensed attorney, and have flexible and affordable payment plans for any client who may need assistance. Call our experienced lawyers in Mount Laurel for exemplary debt relief legal services and get the financial relief you deserve.

3000 Atrium Way Suite 200
Mount Laurel, NJ 08054-3910

Phone: 856-343-4068

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Services

Bankruptcy Law

Mount Laurel Chapter 13

Chapter 13 bankruptcy is a legal process in Mount Laurel that allows people to repay their debts over time while having the opportunity to keep valuable assets, like a home. Call our bankruptcy attorneys to receive a free consultation and review of your financial situation and determine a debt reorganization strategy that’s right for you.

Mount Laurel Chapter 7

A Chapter 7 Bankruptcy is an immediate discharge or wiping out of unsecured debts. Debts that can be included in a Chapter 7 Bankruptcy are credit card debts, medical bills, personal unsecured loans, timeshares, certain tax debts, and more. Call our attorneys in Mount Laurel and receive free consultations and reviews of your financial situation to determine a strategy that’s right for you.

Mount Laurel Bankruptcy Alternatives

There are alternatives to filing bankruptcy in Mount Laurel that can lower your debt and stress for certain situations. Services like foreclosure defense, IRS defense, and other debt-relief services can be an effective strategy to get your debt under control. Call our attorneys in Mount Laurel and receive free consultations and reviews of your financial situation to determine a strategy that’s right for you.

Foreclosure Defense

Mount Laurel Mortgage Modification

Oftentimes a hardship such as unemployment, reduction in income, divorce or separation, or unanticipated expenses lead to a late or unpaid mortgage payments. When such a hardship occurs a mortgage modification may be a viable option, especially if other debts (credit cards, vehicle payments, etc.) are substantially current or non-existent.

Mount Laurel Pre-Foreclosure Forbearance Plan

Prior to a mortgage foreclosure in Mount Laurel taking place, the mortgagee may be open to postponing a sale based on the reinstatement amount being repaid over a short period of time.

Mount Laurel Short Sale

A short sale of property is a tool used in Mount Laurel to stay an imminent mortgage foreclosure. A short sale is where the mortgagor sells the subject property “short” of the mortgage amount.

Debt Relief

Mount Laurel Debt Settlement

An alternative to declaring bankruptcy, our lawyers in Mount Laurel can negotiate with a creditor to settle a debt for less than what is owed.

Mount Laurel Debt Consolidation

Similar to a debt settlement, consolidating your debt involves making a single payment to all your creditors for a reduced amount to what is owed. Our lawyers in Mount Laurel work with your creditors to negotiate these payments.

IRS Defense

Mount Laurel Offer in Compromise

An offer in compromise (OIC) is an agreement between a taxpayer in Mount Laurel and the Internal Revenue Service (IRS) that settles the taxpayer’s tax liabilities for less than the full amount owed.

Mount Laurel IRS Installment Agreements

For those in Mount Laurel who cannot resolve their tax debt through an offer in compromise, an installment agreement can allow a taxpayer to devise a reasonable payment plan option.

From our Mount Laurel, NJ location our attorneys assist in the following fields of law:

New Jersey Chapter 7 Bankruptcy Lawyer:

Filing Chapter 7 Bankruptcy in New Jersey is more common than people think.  Although New Jersey is among the states with the highest income, it is also the 9th most expensive state to live in according to Reader’s Digest https://www.rd.com/culture/most-expensive-states-to-live-in/.  Due to high property taxes, insurance rates, rents and other expenses, there is not a lot of room for unexpected expenses that will undoubtedly arise.  When there is an emergency, increased expenses, unexpected loss of income or expenses related to a growing family, many families in New Jersey are forced to rely on credit cards and personal loans to get by.  The incurrence of debt puts an additional financial burden on families in New Jersey which they struggle to pay for years.  With credit card interest averaging 21.28% according to The Balance https://www.thebalance.com/average-credit-card-interest-rate-4772408, many families are forced to fall behind on debts.  Due to collection lawsuits, decrease in credit scores, credit harassment, failure to secure more credit, failure to obtain car loans and/or a mortgage at a competitive interest rate residents of New Jersey turn to Chapter 7 Bankruptcy to obtain a fresh financial start.  

New Jersey Chapter 13 Bankruptcy Lawyer:

Any Chapter of Bankruptcy is based on affordability, however Chapter 13 Bankruptcy is the ultimate example of a debt reorganization based on affordability.  In New Jersey, it is not uncommon for home owners to fall delinquent on their mortgage, in fact New Jersey has almost double the national average of homeowners who are delinquent on their mortgage according to Bankrate, https://www.bankrate.com/mortgages/state-mortgage-delinquency-rates/.  Ultimately the mortgage delinquency results in a foreclosure proceedings.  Most Chapter 13 Bankruptcy proceedings that we see are a result of a mortgage foreclosure action.  A Chapter 13 allows a Petitioner to stop any future sale of their home and remain in the property.  The Petitioner will repay the mortgage arrears back by putting the arrears in an extended plan up to five years long.  Also, any other unsecured debts (credit cards, personal loans, medical debts, etc.) will be repaid based on affordability only. 

Another common reason that a Chapter 13 Bankruptcy is filed in New Jersey is to engage in a compromise with creditors based on “affordability.”  Unlike debt consolidation that only looks at how much debt you have, Chapter 13 Bankruptcy looks at “how much can you afford.”  Meaning, using in Bankruptcy the court will look at income, household size and expenses to determine how much is anything is left on a regular and monthly basis can be distributed to the creditors.  Creditors in Chapter 13 Bankruptcy are most often paid only cents on the dollar at 0% interest resulting in lesser expenses relating to debt on a monthly basis and greater saving for the Chapter 13 Bankruptcy filers.

New Jersey Mortgage Foreclosure Defense and Collection Defense

Bankruptcy is not always the best option for a client.  When a client is facing a collection lawsuit or mortgage foreclosure action it may be the best option to defend the suit or engage in a settlement with the creditor.  If there is only one creditor or one lawsuit, it is most beneficial to explore a settlement arrangement with the creditor prior to a Bankruptcy proceeding.  Furthermore, where a legal meritorious defense exists, for example, an agreement has been reached in writing before the lawsuit was filed or payments were made to the Creditor and not credited a filed defense to the litigation is warranted.  

Recently on our Mount Laurel Bankruptcy Blog

Work with Our Dedicated and Experienced Bankruptcy Lawyers

The lawyers at Sadek and Cooper Law Offices are proud to share our combined over 50 years of experience assisting clients in debt relief with you.  Please call our office at 856-343-4068 to schedule your free and confidential consultation with a lawyer.  We look forward to helping you.!

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Center City Philadelphia, PA

Philadelphia Building
1315 Walnut Street, Suite 502
Philadelphia, Pennsylvania 19107-4707
(215) 545-0008
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Northeast Philadelphia, PA

2375 Woodward Street, Suite 105
Philadelphia, Pennsylvania 19115-5119
(215) 545-0009
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Delaware County, PA

Victoria Mills Business Center
1489 Baltimore Pike #218
Springfield, Pennsylvania 19064-3968
(610) 432-3111
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Montgomery County, PA

630 Freedom Business Center Drive, Suite 36
King of Prussia, Pennsylvania 19406-1331
(610) 951-4655
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Bucks County, PA (Levittown)

1609 Woodbourne Road, Suite 203B
Levittown, Pennsylvania 19057-1538
(215) 545-1055
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Bucks County, PA (Trevose)

5 Neshaminy Interplex, Suite 205
Trevose, Pennsylvania 19053-6932
(215) 468-3328
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Mount Laurel, NJ

3000 Atrium Way, #218
Mount Laurel, New Jersey 08054-3924
(856) 343-4068
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Moorestown, NJ

302 North Washington Avenue, Suite 101 West
Moorestown, New Jersey 08057-2448
(856) 343-4068
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Cherry Hill, NJ

One Mall Drive, Suite 415
Cherry Hill, New Jersey 08002-2101
(856) 890-9003
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Our Reviews

  • 5 star review  Brad Sadek was honest and straightforward regarding our case. He discussed our options and helped us navigate a very complicated case. Would highly recommend his services.

    thumb Ryan BeVier
    12/16/2020

    5 star review  Amazing law firm. Matthew did excellent job resolving my case.

    thumb Yakup Erden
    12/11/2020

    5 star review  Sadek and Cooper really went the extra mile for me and my bankruptcy case. Even after my case was approved in court, Sadek, months later, helped me track down some of my accounts that hadn't yet annulled my debt. They were always professional and quick to respond. And, again, they really went the extra mile in helping me. I couldn't recommend them more highly.

    thumb Corey Reidy
    11/18/2020
  • 5 star review  In a word: Outstanding. Sadek and Cooper Law Offices do not disappear once you've paid. They are available to answer questions from start to finish. Filing for bankruptcy is a long, complex, difficult process. I feel Sadek and Cooper do all they can to help people get through it. I was helped by a whole team of professionals with my case. They really shined bright with their valuable experience; they thought of things that I would never have thought about in a million years. I'm sure so many people will be forced to file this year and next year due to COVID etc. At least, with Sadek and Cooper, you can have a good law team to help you get through these hard times. Their fees are very low but who cares, because their services are priceless.

    thumb Crew Ajarn
    11/17/2020

    5 star review  Very friendly and professional. Provided great advice and wasn't pushy. I am very happy I listened to all these prior wonderful reviews.

    thumb Maria Shah
    11/12/2020

    5 star review  Brad was a tremendous assistance in the time of need. If you are in need of a lawyer in the Philadelphia area look no further!

    thumb Aldo Erickson
    11/12/2020
  • 5 star review  Mr. Sadek gave sound and coherent counsel; the entire office was very responsive and professional.

    thumb Jennifer Navva Milliken
    9/13/2020

    5 star review  Fantastic services received by Brad and his staff. Would highly recommend this firm to anyone!

    thumb Sheridan Apple
    9/08/2020

    5 star review  Excellent law firm. Brad was very easy to work with, his staff was outstanding. I highly recommend Sadek and Cooper.

    thumb Adolph Dunn
    6/29/2020
  • 5 star review  Very pleased with the representation I received from Sadek and Cooper. I would rank them among the best attorneys I have had the pleasure of working with.

    thumb Shane Perkins
    6/23/2020

    5 star review  Very happy I chose Brad Sadek to assist me in my Debt Relief. He was super helpful through out the process, his knowledge is where you would expect and beyond. Very friendly and all the employees at the firm treat you like family.

    thumb Karl Valentine
    6/17/2020

    5 star review  I'm very happy with Saked and Cooper. While mine was a small case, Brad helped me negotiate and settle a lingering debt dispute at a very fair price and in a timely fashion. I couldn't have gotten a better result from anyone and am more than impressed with the service I received.

    thumb Daniel Mellbye
    6/10/2020

This website is for informational purposes only and is general in nature. This website does not create an attorney client relationship under attorney rules of ethics. An attorney client relationship is created with Sadek and Cooper Law Offices only after a meeting and the signing of an attorney client engagement agreement. We encourage you to seek legal counsel regarding your particular situation.

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3000 Atrium Way, Suite 200, Mount Laurel, NJ 08054

856-343-4068