Chapter 7 Bankruptcy: Walk Away from Foreclosure and other Debts
Bergen County · Hudson County · Passaic County · Essex County
Chapter 7 bankruptcy exists to give debt relief to individuals under an impossible debt burden. Chapter 7 bankruptcy is often the best option for homeowners facing foreclosure who do not have the ability to catch up with their mortgage payments.
You may have rejected the idea of personal bankruptcy, believing that it will have a seriously negative impact on your access to credit and mortgages in the future. This is not necessarily true — as explained on our Bankruptcy Myths page.
If you are behind on your mortgage payments or already facing foreclosure, contact the experienced Chapter 7 bankruptcy lawyers at the Law offices of Generoso Squitieri today.
Your house may be “underwater.” This means that your home is worth less than the mortgage you owe, meaning you have no equity in your home. If you sell it, you still will not have enough money to pay off your mortgage, and the finance company may come after you for any amount of money still owed.
In such instances, if you truly cannot see any light at the end of the tunnel, Chapter 7 bankruptcy may be your best option. Under Chapter 7, your consumer debt may be liquidated, although you may have to sell some of your assets to pay off as much debt as possible. This may include your house.
Get More Information About Chapter 7 Bankruptcy
At the Law offices of Generoso Squitieri, our experienced bankruptcy lawyers know the ins and outs of home foreclosures and can help you decide on the best way to proceed based on your specific circumstances.
Personalized attention is a unique feature of our New Jersey law offices. We believe in offering responsive, knowledgeable and straightforward service. Therefore, all correspondence with our office will be with one of our attorneys, not support staff. For experienced representation, contact our Fort Lee law offices today.
Call (201) 282-5515 or toll-free at (866) 430-5528
Send an e-mail
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.