Passaic County Consumer Bankruptcy Attorney Takes the Fear Out of Bankruptcy

Totowa Bankruptcy law firm serving Paterson, Clifton,Woodland Park, Little Falls and Passaic, New Jersey

Sometimes the best solution for managing your debts is to file bankruptcy. As scary as that sounds, it is not — if you have the right bankruptcy law firm. At De Simone & Associates we help you through the process, from deciding what type of bankruptcy to file to assisting in completing mandatory pre-bankruptcy counseling and pre-discharge debtor education. The key to successfully getting through bankruptcy is to find the right bankruptcy lawyer, and Alphonse De Simone has been doing it right for 35 years.

Is bankruptcy the right choice?

How do you know if you should file? It is a big decision and one that should not be made lightly. Ask yourself these questions:

  • Are you overwhelmed with debt?
  • Are you facing foreclosure?
  • Are you facing repossession?
  • Are your wages being garnished?
  • Have you tried other options?

If you've answered yes to some or all of these questions then you could be a candidate for debt relief through bankruptcy. A qualified Passaic bankruptcy law firm can assess your situation and give you viable options for handling your debt. Options include filing Chapter 7, Chapter 11 or Chapter 13.

Chapter 7

Also known as straight bankruptcyChapter 7 is most common and is generally best for individuals with few or no assets available to pay creditors. With Chapter 7 most of your debts are discharged, which means your creditors will not be able to come after you for payment.

Chapter 11

Chapter 11 bankruptcy, commonly known as a reorganization bankruptcy for companies, is usually filed by businesses that are unable to pay their creditors. Chapter 11 involves restructuring the business and creating a plan to repay debt.

Chapter 13

Filing Chapter 13 is a means of reorganizing debts for individuals. You make partial or full payments according to a repayment plan, and remaining debts are discharged at plan completion.

The Paterson consumer bankruptcy attorney who goes the extra mile

In addition to helping you  develop a bankruptcy plan, De Simone & Associates offers free consultations, debtor education and pre-bankruptcy credit counseling for those who need help with meeting those requirements.

If you are thinking of filing personal bankruptcy in Clifton, Paterson or Passaic, call us first for a free consultation.

You can reach De Simone & Associates at 973-785-3935 or visit our contact us page.

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.