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.
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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/
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.
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.
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.!