New Jersey Bankruptcy Practice

New Jersey bankruptcy practice involves legal procedures that help individuals or businesses resolve debts they cannot pay. It typically includes filing a case in bankruptcy court to either eliminate debt (Chapter 7 or 13) or create a manageable repayment plan. Bankruptcy provides relief by stopping collection efforts, foreclosures, or repossessions, offering a fresh financial start. Attorneys guide clients through paperwork, court hearings, and negotiations, ensuring compliance with federal and state laws. The process assesses assets and liabilities, aiming for equitable treatment of creditors while helping debtors regain financial stability.