BANKRUPTCY

The Law Offices of Nicholas V. Rogers, Esq. prides itself in providing fresh starts to individuals and businesses by effectively resolving all ongoing debt issues.  Our office will comprehensively review your debts owed, the assets you own, your earned income and your desired outcome to determine the absolute best course of action to achieve a fresh start.

Our office works with individuals throughout Northern New Jersey to craft solutions to any financial problem by taking advantage of the United States Bankruptcy Code, whether it be a Chapter 7, 11 or 13 bankruptcy. 

Upon the filing of the Bankruptcy Petition (Chapter 7, 11, 13), all efforts to collect or enforce debts against you must be stayed.  Unless ordered by the Court, all foreclosure lawsuits, sheriff sales, wage garnishments, or bank account levies must, and harassing phone calls and letters be stayed.   

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is the most common form of Bankruptcy and allows for the discharge of unsecured debts (credit card debt, medical bills, personal loans) in a fairly short period of time.  In most cases, the Debtor is permitted to keep assets like your home and automobile. 

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Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is filed in most cases when individuals find themselves a party in a pending foreclosure action.  Upon the filing of the Bankruptcy Petition, a Chapter 13 repayment plan is filed which proposes payments to creditors based on your financial situation.  The Chapter 13 Plan can also be utilized to reorganize some of your debts.  The duration of a Chapter 13 Plan is typically five (5) years and a Discharge Order is issued upon successful completion.

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Chapter 11 Bankruptcy

Chapter 11 Bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorships, and some individuals qualify.  Chapter 11 Bankruptcy is typically referred to as a “reorganization” bankruptcy and used to reorganize business debt.  Despite filing for Chapter 11 Bankruptcy, businesses are permitted to resume as debts are reorganized through the Chapter 11 Bankruptcy process. 

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.