NJ Bankruptcy Law Firms

66 East Main Street, 3rd Floor
Little Falls, NJ 07424
NJ Bankruptcy Law Office Logo (Transparent) dictating Ralph A. Ferro Jr., Esq's Law Practice

NJ Bankruptcy Lawyer – Wish for Financial Successes

New Jersey Bankruptcy Lawyer!

With 30+ Years of Proven results!
"I personally meet with You and represent You!"
"I have never Lost a Chapter 7 Bankruptcy Case"
"Experience = Results"
About Ralph A. Ferro Bankruptcy Lawyer

NJ Bankruptcy Lawyer – Wish for Financial Successes

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Written and Verified by Ralph A. Ferro, Jr., Esq.

Ralph A. Ferro, Jr., NJ Bankruptcy Lawyer wish for your financial successes.

Financial Successes include these thoughts from me to you:

  • May lovely, happy times decorate your Holiday Season.
  • May Warm Special Memories Brighten Your New Year,

 Ralph A. Ferro, Jr., Esq. NJ Bankruptcy Lawyer – I am always here to help you.

Filing for bankruptcy is just the opposite of failure or inability to obtain credit.  When you file for bankruptcy you are taking a positive step to a fresh start or new beginning to create a financial future. When you are no longer able to remain current on your bills and you are overwhelmed with credit card bills, medical bills, car payments, etc., bankruptcy may be the best option.

Here are 5 specific benefits that anyone can take advantage of upon filing for bankruptcy:

1. Eliminate Debts in As Few As Three Months

If you are eligible to file for Chapter 7 bankruptcy, your debts can be completely discharged within three to six months of the filing date. Chapter 7 is the best option when there are high amounts of debt with a low chance of being able to pay back creditors. This option is best for those who wish to move forward with their lives within a short period of time.

2. Creditors Can’t Contact You While Your Case Is Pending

As soon as I file your Bankruptcy petition,  your creditors must stop contacting you. They must also stop any pending legal action that they are taking against you. In other words, your creditors are no longer able to pursue you until after your court case is resolved. Additionally, any foreclosure proceedings that have been started must be stopped while your case in court.  Any wage garnishments, must stop.

3. Obtain a Repayment Plan That You Can Afford

Chapter 13 bankruptcy is known as a reorganization of debts, rather than discharging them completely. Although creditors will still need to be repaid, minimum monthly payments will be lowered. In some cases, a bankruptcy filer may only be required to make payments for a specific period of time. Usually if debts are unable to be paid in full after 60 months, they will be forgiven.

4. Bankruptcy Gives You a Fresh Start and a New Beginning Financially

When you are finally out of debt, one of the largest weights is lifted off your shoulders. It is a good idea to put money in a savings account or even start an investment plan. In order to remain on track, be sure to save as much as possible. Saving can help prepare you for any unexpected occurrences in the future.  Don’t charge items unless you see that you will be able to pay your credit card bills within 30 days.

5. Much of Your Property Is Exempt from Creditors

If you have been considering using your 401k or IRA to pay your bills, you should file for bankruptcy instead. Your retirement accounts cannot be liquidated or included in assets that can be used to repay creditors. Your house may also not be used to help repay your debt. Anyone who is going through foreclosure could file for bankruptcy in an effort to keep their house.

Bankruptcy can offer a fresh start to pursue financial independence. Contact me Ralph Ferro, Jr., Esquire (201) 446-5904 today to discuss the best option for you.   During your free consultation with me, your financial situation can be reviewed to determine your best possible option.

Filing of Bankruptcy Has Significant Benefits…

Your financial success is important to me.   If you need financial help and to determine if bankruptcy is an option for you, call me to set up a free bankruptcy consultation.