Bankruptcy Attorney in Northern, NJ

Bankruptcy Attorney in Northern, NJ

Deborah L. Pico, LLC - Image Deborah L. Pico - Attorney At Law

Bankruptcy is the legal method for a debtor to eliminate or reduce your debts. Any person, partnership, corporation, sole proprietorship, may file for bankruptcy. United States citizenship is not required for filing bankruptcy. It is a way for a person or a business that owes more money than they can pay to either work out a plan to repay the money over time or to have their debts completely eliminated. Most debtors who file for bankruptcy are granted a total discharge of all debts. One of the main purposes of the bankruptcy act is to relieve the honest debtor from the weight of oppressive indebtedness and to provide the debtor with a fresh start to build a financial future.

Chapter 7 is a liquidation bankruptcy, meaning it can eliminate most types of unsecured debt. Examples of unsecured debt are credit cards and medical bills. Individuals, married couples, corporations and partnerships can all file a Chapter 7 bankruptcy, if eligible.

A Chapter 13 bankruptcy is a reorganization or repayment bankruptcy that stops foreclosure and sheriff's sales and prevents repossession and utility shutoffs, but most of all gives you a fresh start. For many people, Chapter 13 bankruptcy offers long-term solutions. As a debt repayment plan, Chapter 13 bankruptcy can wipe out your unsecured debt, while you pay back your secured and priority debt at a rate you can afford. Depending on your income level, your plan may be three (3) to five (5) years long. After you fulfill the three to five year commitment of your plan, any remaining debt will be discharged. The greatest advantage to Chapter 13, for many people, is that it allows more opportunities for individuals to maintain important assets, such as retirement savings, homes, and cars.

We've helped numerous clients absolve themselves of debt and can do the same for you. Beyond guiding you through the bankruptcy process, we will instruct you as to the best course of action.

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Real Estate Attorney in Northern, NJ

Are you looking for Bankruptcy Attorney in Northern, NJ? The Law Offices Of Deborah L. Pico, LLC are located in Bergen County, in northern New Jersey. Our law firm consists of Attorneys serving New Jersey since 1984. We are licensed to practice law in New York as well. We are engaged in the general practice of law, concentrating in the areas listed below.

The Law Offices Of Deborah L. Pico, LLC offers expertise in numerous legal areas, including Estate Planning & Litigation, Wills, Power Of Attorney, Living Wills, Real Estate Closings, Short Sales, Foreclosures, Elder Law, Small Business Law, Corporate Law, Collections, General Law, Consumer Protection Law & Bankruptcy.

If you require the services of a New Jersey Real Estate lawyer, A New Jersey foreclosure attorney or an attorney who can help you handle your short sale, an Elder Law attorney, a New Jersey attorney to prepare your Last Will and Testament, your Living Will, or your Power of Attorney, we can help with these specific legal needs, as well as many, many other areas of the law.

Our New Jersey attorneys and New York attorneys provide the highest quality of legal services for reasonable fees. Because we have New Jersey attorneys and New York attorneys on staff, we can help resolve many issues that relate to clients whose assets may be in one state, while their residence may be in another.

We stand by our reputation for good service, communication and cost effective problem solving, and look forward to being your lawyer for all of your legal needs.

For more information about Bankruptcy Attorney in Northern, NJ, contact The Law Offices Of Deborah L. Pico, LLC at (201) 947-8898.

The Law Offices Of Deborah L. Pico, LLC – Your trusted Bankruptcy Attorney in Northern, NJ.

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Bankruptcy Attorney in Northern, NJ