FAQ: Bankruptcy Law in Red Bank, New Jersey
At Law Office of Richard J. Pepsny, P.A., we believe that providing debtors with accurate information about bankruptcy and other forms of debt relief can help them make the right choices about their cases. We always welcome your phone call, as undergoing a confidential consultation with a Red Bank bankruptcy attorney at our firm is the best way to get all of your questions answered. We have also included frequently asked questions about bankruptcy below, for your convenience. With our understanding of bankruptcy cases in New Jersey, we are confident that we can provide you with the level of help you need.
Can bankruptcy eliminate tax debt?
Some people believe that bankruptcy cannot eliminate any tax debt whatsoever. The truth of the matter is that a Red Bank debtor may be able to address a portion or all of his or her back taxes, depending on the age and type of tax. With a bankruptcy attorney from Law Office of Richard J. Pepsny, P.A. in Red Bank, New Jersey to review your back taxes and financial situation, you can find out how your tax debt may be affected. You can also determine whether you may qualify for Chapter 7 bankruptcy or if Chapter 13 may be a better option for you.
Can bankruptcy stop foreclosure?
If your Red Bank home is facing foreclosure, you may be considering bankruptcy as a way out. Chapter 13 bankruptcy has the power to save a home from foreclosure. When your Red Bank bankruptcy lawyer at our firm files your bankruptcy petition, an automatic stay will be placed on foreclosure proceedings. This is essentially a temporary hold. Then, because you are able to work out a repayment plan that may include past due mortgage payments and penalties, you may be able to keep your home if you make scheduled payments under your Chapter 13 repayment plan. A professional at Law Office of Richard J. Pepsny, P.A. can help you understand more about bankruptcy proceedings in Red Bank, New Jersey and whether you may be able to save your home.
What difference can a lawyer make?
Though it is true that bankruptcy proceedings follow a set formula, everyone's financial situation is different. Each debtor may have particular concerns and needs that should be addressed, and at Law Office of Richard J. Pepsny, P.A. we are committed to addressing these to the fullest extent. With a Red Bank bankruptcy lawyer, you can rest assured that your petition will be filed properly and your legal rights protected through every step of your case. Our Red Bank, New Jersey firm can help you experience all of the benefits that this form of debt relief may have to offer.
What happens when I file my petition?
When you file your bankruptcy petition, an automatic stay will go into effect. This is a court order that essentially puts a temporary hold on any and all collection activity against you. In our mission to protect debtors rights throughout the Red Bank, NJ area, Law Office of Richard J. Pepsny, P.A. strives to provide the high quality legal representation that makes a difference not only in ensuring that the bankruptcy petition is properly filed, but in protecting a clients' rights throughout the process to ensure that he or she has the opportunity to experience all of the benefits that the automatic stay has to offer.
If you would like a confidential review of your case, contact Law Office of Richard J. Pepsny, P.A. to talk to a knowledgeable Red Bank bankruptcy attorney.