66 East Main Street, 3rd Floor
Little Falls, NJ 07424 (201)446-5904

Call Anytime [24/7]: (201)446-5904 to Speak with:
Ralph A. Ferro, Jr., Esq.


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Wage garnishment pending, can't pay mortgage/rent/bills - What can I do?
Call me to discuss bankruptcy options so that the garnishment can be stopped immediately.
Creditor levied my bank account, cannot access my money - What can I do?
Discuss your bankruptcy options with an attorney so that the levy can be removed and any money taken can be returned to you.
Getting laid off, want to stop collections while I look for a job - What can I do?
Call me to discuss  bankruptcy options to stop collections.
Can I set up bankruptcy payment plan to pay creditors - I cannot pay monthly minimum payments?
Yes, Chapter 13.
Can I get protection from creditors so I can refinance my mortgage?
Can I surrender my house to the bank and stay until the foreclosure sale?
Can I reorganize my past due mortgage payments so I can keep my house or car?
How much can I earn and still file for bankruptcy?
There is no limit on income.   However, in Chapter 7, you must have income.
Do I still have to make my car and/or house payment?
In a Chapter 7, you will generally want to stay current with any secured debt you would like to keep. In a Chapter 13 you must continue to make your regular house payments after filing bankruptcy, but your arrearages will be included in the Chapter 13 plan.
Do I have to list all of my creditors?
You should include all creditors that do not have a zero balance.
Can I still use my credit cards?
You should not incur any additional debt once you know you are going to file for Bankruptcy.
Can I keep any of my credit cards?
It is up to each particular creditor as to whether they offer a reaffirmation agreement or not.
If I'm married but filing as an individual, do I have to give my spouse's information?
Typically, only their income information is needed.
I have filed a joint petition; do my spouse and I both have to attend the creditor's meeting?
Yes, otherwise your case may be dismissed (not approved).
How long does the bankruptcy process take from start to finish?
Typically 3-4 months from start to finish.
I am listed on a bank account that's not mine; do I have to list this as an asset?
Yes, but you should consult an attorney for specifics.
I co-signed for another person; do I have to include that debt?
Yes, all debts you owe must be listed.
My salary changes from month to month, what amount should I list for my income?
In most cases, add your income for 6-12 months and divide by that number to obtain an average.
Do I have to file my income taxes while in bankruptcy?
Can I include my back child support in my bankruptcy to be discharged?
No, child support and/or alimony cannot be discharged.
What if I forget to list a creditor?
While you may add a creditor post-petition, there are usually additional fees associated with doing so.
What is disposable income?
This is the amount of money left after deducting your cost of living from all sources of income.
Who can file for bankruptcy in New Jersey?
  • Any person, partnership, corporation, sole proprietorship, may file for bankruptcy.
  • United States citizenship is not required for filing bankruptcy.
What is bankruptcy?
  •  Bankruptcy is the legal method for a debtor to eliminate or reduce your debts.
  • Bankruptcy is a way for people or a business that owes more money than they can pay to either work out a plan to repay the money over time or to have their debts completely eliminated.
  • Most debtors who file for bankruptcy are granted a total discharge of all debts.
  • One of the main purposes of the bankruptcy act is to relieve the honest debtor from the weight of oppressive indebtedness and to provide the debtor with a fresh start to build a financial future.
Can creditors still call me or send me notes/letters until my NJ bankruptcy is approved?
  • As soon as you file, all actions by creditors must stop immediately, whether you filed a NJ Chapter 7 or Chapter 13 bankruptcy.
Will I lose my house, car, and other personal property?
  • Not necessarily. I can discuss that with you when you call me or meet with me for a free bankruptcy consultation. I will be very clear and never leave you guessing or unsure.
If I file for bankruptcy, does my spouse have to join in the bankruptcy?
  • No. There are many reasons why one spouse would not file or join in the bankruptcy. When you call me, I will advise you what is best for you and your family.
Will filing bankruptcy affect my credit rating?
Unfortunately, it will

  • If you are a candidate for bankruptcy, you have bad credit now.
  • Discharge of your current debt may provide the opportunity to rebuild your credit in the future.
  • Most individuals are able to rebuild their credit within a few years.
If I have wage garnishments, judgments or my bank account has been levied, is it too late to file?
  • Not at all, as a matter of fact, you should file immediately so you can stop the levies and garnishments immediately.
If I earn over $100,000 gross income per year, can I be eligible for bankruptcy?
  • Yes, it is possible. However, this evaluation requires a thorough analysis of what you own, what you earn and what you owe to determine eligibility.
  • In fact, several of my clients earned over $100,000 per year and successfully filed for bankruptcy.
Can I keep my retirement account(s)?
  • Yes – for a qualified retirement account, it is possible. When you call me, I will discuss your specific retirement accounts and their eligibility.


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66 East Main Street, 3rd Floor
Little Falls, NJ 07424
Direct: 201-446-5904
Fax: 973-689-9558
Email: ralphferrojr@msn.com

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