Thinking Through The Decision To File For Bankruptcy Relief

The experienced bankruptcy attorneys at Purrazzella & Purrazzella, P.A., understand how difficult the decision to seek bankruptcy protection can be. On the one hand, you have the pressure of mortgage foreclosure, medical bills or garnishment for unpaid credit card debts. On the other hand, you have the uncertainty of what a bankruptcy might mean to your future credit rating and access to mortgage financing or car loans. Many people are concerned as well about the stigma of bankruptcy.

Our law firm helps people think through the pros and cons of bankruptcy in light of the debt pressures they're facing right now and the various benefits and downsides of filing for bankruptcy relief, delaying the decision or not filing at all. For some people, the answer is clear right away — the sooner they get into bankruptcy, the better off they'll be. For others, it's not so simple and bankruptcy right now doesn't make a lot of sense.

Get Legal Advice As Soon As Possible To Preserve And Expand Your Options

Contact our office in Toms River to discuss your situation with knowledgeable New Jersey consumer bankruptcy attorneys. We have decades of experience working with people in Ocean County, Monmouth County and other parts of the state, and you can depend on us for honest advice and constructive solutions to difficult financial problems.

If bankruptcy isn't right for you right now, we won't hesitate to let you know. With decades of experience in Chapter 7 and Chapter 13 practice, we have a very good idea of what bankruptcy can and can't accomplish in a given situation, and our lawyers don't recommend bankruptcy for people unless it's the best decision under the circumstances.

Whether or not bankruptcy represents the right move for you anytime soon, our lawyers can advise you about the best ways to protect your interests and maximize the benefits of bankruptcy. Our lawyers can also show you how to avoid common mistakes such as using an exempt asset like a 401(k) account to pay down dischargeable debts like credit cards or hospital bills.

We analyze each client's situation carefully. We look at your income, assets, expenses and debts to develop a sound idea of the financial pressures you're dealing with and the practical consequences of bankruptcy in your particular circumstances. We figure out how much debt you're likely to discharge. We tell you about the best ways to deal with the debts you can't discharge, such as student loans or recent taxes. We also evaluate the full range of your options for dealing with mortgage problems ranging from lack of equity to imminent foreclosure.

Contact Our Toms River Debt Relief Lawyers

Sometimes we conclude that bankruptcy makes good sense for a client, but not right now. When it makes sense to do so, we can help people figure out ways to minimize debt pressure for a period of six or 12 months, then file for Chapter 7 or Chapter 13 relief at a time when the benefits of bankruptcy will be much greater.

Even if it appears that bankruptcy is not right for you, it's a good idea to get early legal advice at the first signs of chronic financial pressure or a mortgage foreclosure threat. For advice about understanding your bankruptcy options as part of a wider debt management strategy, contact the New Jersey consumer bankruptcy attorneys at Purrazzella & Purrazzella, P.A., in Toms River for a free consultation. Call our law firm at 732-691-4589 or reach us toll free at 888-825-9980.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.