Getting Prepared For Bankruptcy And Debt Relief
If you are struggling with overwhelming debt, filing for bankruptcy may be the best option for wiping the slate clean and getting a fresh start.
At the law firm of Andrew M. Wolfenson, Esq., P.C., we can help you through all aspects of the bankruptcy process. If you are thinking about filing for bankruptcy in New Jersey, here are a few things you can do to prepare:
- Make a list of your assets and debts: Whether you are filing for Chapter 7 or Chapter 13 bankruptcy, you will need a comprehensive accounting of all your assets and debts, including home, bank account holdings, vehicles and personal property.
- Look at your credit reports: Reports from the three major credit bureaus can give you valuable insights as to your overall debt situation. You may find debts that you didn’t even know about, or that you thought had been written off. If you do file for bankruptcy, it’s important to include all your debts so that you truly get the full debt relief the law entitles you to.
- Gather all necessary documents: Most importantly, you want to make sure you have your two most recent tax returns as well as pay stubs from your job, recent statements from any retirement accounts, as well as the last statements regarding any debts such as mortgages, credit cards and personal loans. Your attorney will need this information to properly prepare and process your bankruptcy petition.
Use caution about transferring assets prior to a bankruptcy. Even if your intentions are innocent, a bankruptcy court judge looking into your recent financial history may think you are trying to protect assets that should be subject to liquidation. Talk to an experienced bankruptcy lawyer before making any important decisions.
Talk To An Attorney About Bankruptcy And Debt Relief
Do you need help preparing for bankruptcy in New Jersey? With law offices in Union and Cedar Knolls, we help clients throughout northern and central New Jersey achieve debt relief by filing for Chapter 7 and Chapter 13 bankruptcy. To discuss your debt relief options with an experienced bankruptcy lawyer, please contact our law offices online or by telephone at 908-364-4054.