New Jersey Bankruptcy Attorney

As a New Jersey Bankruptcy lawyer, one of the most important things I can communicate to my clients is what bankruptcy can and cannot do for them.  Bankruptcy can wipe away certain debts and not others.

The Debts Bankruptcy Can Wipe Away:

1. Credit Card Debt

2.  Medical Bills

3.  Personal Loans

4.  Guaranty Agreements you may have signed

5.  Negligence claims

6.  Judgments against you such as from a car accident

The Debts Bankruptcy Cannot Wipe Away:

1.  Past Due Child Support and Alimony

2.  Debts from Fraud

3.  Debts from willful injury of another

4.  Debt obligations and property settlements arising from divorce

5.  Almost all student loans

In addition, bankruptcy can do the following:

1.  Stop foreclosure on a home and allow the owner to cure a default

2.  Prevent repossession of a car or other personal property, or force the creditor to even return property if it has been repossessed.

3.  Stop wage garnishment

4.  Stop debt collection harassment