Are You Eligible to File Bankruptcy?

Many creditors attempt to mislead debtors by saying they are not eligible to file bankruptcy under the new law. Actually, the "new" bankruptcy law went into effect in 2005, and the vast majority of people with debt problems in New Jersey are still eligible to file bankruptcy.

There are two types of consumer bankruptcy: Chapter 7 bankruptcy and Chapter 13 bankruptcy. At the law offices of William H. Oliver, Jr. & Associates, we offer a free initial consultation to discuss which form of bankruptcy protection is best for you.

You can be debt free. Call 732-988-1500 for a free bankruptcy consultation in Monmouth or Ocean counties.

Only A Lawyer Can Advise You of Your Bankruptcy Options

Everyone's financial situation is different. Our lawyers will begin your bankruptcy consultation by asking you a few questions:

  • What is your income? If you earn more than the median income in New Jersey during the past six months, you may need to file Chapter 13 bankruptcy. However, depending on your expenses, you may be eligible for Chapter 7 bankruptcy even if you're earning above the median income.
  • What types of debts do you have? Depending on the type of debt you have, one form of bankruptcy protection may work better for you.
  • What assets do you own? If you have assets that you would lose by filing Chapter 7 bankruptcy, you may need to file Chapter 13 bankruptcy instead.
  • Have you filed bankruptcy in the past? Your options may be limited if you have filed bankruptcy in the past. However, the rules are complicated. See our attorneys for advice.

Despite What Creditors Say, Most People Are Eligible to File Bankruptcy

With offices in Toms River and Neptune City, New Jersey, our lawyers are ready to answer your bankruptcy questions and help you find solutions. Evening and Saturday appointments are available. Call us or fill out our contact form.