People from all zip codes and income brackets deal with debt problems. From a job loss to a medical emergency, no one is immune to suffering significant financial burdens. Many individuals and families here in New Jersey find themselves feeling overwhelmed by unexpected debt.

When financial problems balloon to the point where you are having difficulty making minimum monthly payments and calls from creditors become a daily occurrence, it is time to explore your debt resolution options. For more than three decades, our attorney at the Law Office of David A. Semanchik has offered collaborative, compassionate bankruptcy representation for clients in Ocean County and the rest of New Jersey. It’s never too late to find a path forward.

Helping Central New Jersey Residents Break Free From Debt

For many individuals, filing for bankruptcy can be a solution to the numerous frustrations caused by overwhelming debt. However, it is also an important financial decision, one that comes with many considerations.

As a bankruptcy service located in Toms River, our team is ready to help you explore your options for debt relief. Chapter 7 bankruptcy and Chapter 13 bankruptcy are two possible paths forward for you and your family.



Chapter 7 Bankruptcy

This kind of bankruptcy involves a liquidation process in which you sell any non-exempt assets and use the proceeds to repay your creditors. The kind of exemptions you choose—either state exemptions or federal exemptions—can determine what kinds of assets you can sell or keep.

Chapter 7 bankruptcy can help you eliminate debts associated with credit cards, medical bills, back rent, utility bills, and some tax debts. It’s not ideal for every situation, however, so it’s important to reach out to an attorney for personalized guidance.

Chapter 13 Bankruptcy

Filing for Chapter 13 bankruptcy allows you to pay back debts through a repayment plan. Also called “reorganization bankruptcy,” this form of bankruptcy can be a wise option for individuals with a steady income. Most repayment plans require monthly payments for anywhere from three to five years, after which the remaining debts may be discharged.

In a Chapter 13 repayment plan, creditors are kept at bay while you pay back your debts from month to month. If you’re ready to start seeking relief for your financial burden, get in touch with us as soon as possible. Filing for either Chapter 7 or Chapter 13 bankruptcy can put an end to creditor harassment and guide you toward the fresh financial start you deserve. Set up a free appointment with our office in Toms River to start the process.

Other Options for Financial Relief

Our attorney is proud to serve a variety of clients with a variety of needs. Sometimes, neither Chapter 7 nor Chapter 13 bankruptcy are the right fit. You may need to explore further possibilities:

  • Debt Settlement: Our team can help you seek a reduced debt amount to repay a fraction of the total debt owed.

  • Mortgage Modification: You may be able to prevent foreclosure by reducing monthly mortgage payments and interest amounts.

  • Dischargeable Tax Debt: If you file for bankruptcy more than three years after your taxes are assessed against you, your tax debt may be dischargeable.

If you are weighing your options when it comes to debt relief, do not hesitate to schedule a no-fee strategy session with us. Our approach to bankruptcy is both straightforward and compassionate. We truly believe that no one should have to shoulder their financial burdens alone.


If you've received multiple phone calls from creditors or a foreclosure notice in the mail, it’s natural to feel a sense of panic. Creditors use urgency to make borrowers act rashly, but remember: you have options. We’re proud to serve residents in Ocean County, Brick Township, Manasquan, Manchester, Lacey, and the rest of our state. Set up a free consultation today to get started.