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Trustworthy New Jersey Bankruptcy Attorney Seeks Debt Relief for Clients Throughout Bergen County

Helping families to resolve their debt burden

Being deep in debt affects much more than your bank account. Financial issues can negatively impact your personal life, relationships and work. Fortunately, there are solutions available for people who, often through no fault of their own, find themselves in desperate financial straits. At the Law Office Of William H. Mulder, I have dedicated my practice to helping residents of Bergen County and the surrounding area file for bankruptcy to handle debt from personal loans, medical bills, credit cards, taxes, and student loans, among other types of debt. Bankruptcy is nothing to be ashamed of: it offers many people a legal and attainable option for obtaining a fresh financial start. With my help, you can gain a better financial footing by resolving your debt burden effectively.

Understanding Chapter 7 and Chapter 13 bankruptcy

My knowledge of state and federal debt relief laws allows me to offer knowledgeable advice on the types of bankruptcy available to consumers:

  • Chapter 7 bankruptcy — Also known as liquidation bankruptcy, Chapter 7 allows for the elimination of unsecured debts following the sale or transfer of key assets. In many cases, Chapter 7 bankruptcy can be completed in as little as 90 days, leaving you debt free and giving you a fresh start on your financial future.
  • Chapter 13 bankruptcy — Commonly referred to as debt reorganization, Chapter 13 bankruptcy allows you to work with your debtors to create an affordable repayment plan. This monthly repayment plan lasts between three and five years. Once it’s successfully completed, any remaining debt is discharged.

Both forms of bankruptcy offer benefits and drawbacks, making it important for you to fully understand the process and the potential outcomes. I work diligently to help you understand how the laws impact your unique situation.

Comprehensive advice on all facets of the bankruptcy process

Bankruptcy laws are complex and may be interpreted differently in different situations. I help you understand all facets of the bankruptcy process, including:

  • Eligibility — Each bankruptcy program maintains specific eligibility requirements. For example, Chapter 7 eligibility is based on your income, debt and assets. I conduct a detailed examination of your situation to help you understand your eligibility for either type of bankruptcy.
  • Asset protection strategies — Filing for bankruptcy may require you to sacrifice certain assets, such as a secondary vehicle or your home. There are legal strategies, however, that allow you to protect the most important assets from liquidation. In nearly 30 years of practice, I’ve gained the resourcefulness needed to help you explore all available asset protection strategies.
  • The filing process — The bankruptcy process can be started relatively quickly, as long as you have the proper guidance and access to key documents. I offer a useful filing checklist that helps you understand the documentation you must gather and the logistical process of filing for debt relief. I also work closely with you to complete all paperwork and all steps in the filing process to ensure accuracy.
  • The process itself — The bankruptcy process may require multiple meetings with creditors or hearings with the court. I offer advice on what you may be able to expect from the process. I will also appear with you or on your behalf at every hearing or meeting.

By offering this comprehensive overview of the bankruptcy process, I hope to take the fear out of filing and arm you with the information you need to make the best possible debt relief decisions.

Contact a skilled Bergen County bankruptcy attorney to learn more about the bankruptcy process

For nearly 30 years, the Law Office Of William H. Mulder has been dedicated to helping clients eliminate overwhelming debt through Chapter 7 and Chapter 13 bankruptcy. I will help you explore the benefits and drawbacks of the bankruptcy process so you can make a decision that works for you. To schedule a free consultation at my Saddle Brook office to discuss your debt relief needs with a reputable lawyer, contact my firm online or call 201-468-9688 today.