When you cannot pay your debts and find yourself behind due to late fees, filing for bankruptcy will give you a fresh financial start. However, bankruptcy law is extremely complex and you need to ensure that you do not miss any steps along the way. Bankruptcy lawyers will help you wade through the complicated laws and understand your options as you move forward. With their help, you may finally find the financial freedom you need to move on with your life and start over.
Help Discharge Eligible Debts
Bankruptcy Lawyers in Toms River, NJ will make sure your bankruptcy includes as many of your debts as possible. If you choose to file on your own, you may miss one or more of these debts and not reduce your burden as much as you could. Depending on the year, you may even be able to discharge income taxes. For this reason, you need to call on a trained professional to help handle the paperwork and filing.
Keep Your Property
If you file early enough, bankruptcy lawyers may be able to save your home from foreclosure. Under Chapter 7 bankruptcy, you are required to relinquish anything you own that you have not already claimed as exempt. If it is not claimed exempt, the trustee will seize the property and sell it. Exemptions are fairly generous, and an experienced lawyer will work with dedication to help you keep all of your possessions.
Enforce Automatic Stay
When you file, your creditors are supposed to cease all collection actions including bank account attachment, letters, and repossessions. Your lawyer will ensure that this stay is enforced, allowing you to relax and enjoy a more peaceful state of mind. Debt collectors are relentless, and the stress of their harassment is enough to worry even the calmest of individuals. Your lawyer will ensure that you are protected against frustration from this harassment. You deserve the chance to feel better and live with lower stress.