If you are hopelessly in debt and looking to declare bankruptcy, Sciancalepore Law can advise you as to your best course of action. Mr. Sciancalepore will discuss the best options available to you given your individual financial situation and guide you through the bankruptcy process.
Most individuals who qualify will elect to do a chapter 7 bankruptcy, which will allow them to completely wipe out their debt (certain debts such as student loans cannot be discharged in bankruptcy). A chapter 7 bankruptcy will also allow individuals to retain their residence and personal property. In contrast to a chapter 7 bankruptcy, a chapter 13 bankruptcy involves a financial reorganization in which the debt is repaid during a period of time.
When faced with personal debt it is important that you contact a lawyer. Bankruptcy petitions are often dismissed due to technical or procedural errors. An experienced attorney can help you avoid these pitfalls and ensure that your debt is successfully discharged or reorganized
Call Sciancalepore Law today at 201-955-2666 for a free consultation.