Experienced Debt Relief Assistance For New Jersey Families
Upside down mortgages, mounting credit card debt, unforeseen medical bills — problems like these plague countless individuals and families every year.
At the Law Office of David A. Semanchik, we have more than 25 years of experience providing New Jersey clients with lasting legal solutions to debt problems. When you come to our firm, we will take the time to sit down with you and examine all of your debt-relief options, including bankruptcy, mortgage modifications, debt settlement, home short sales, and more.
How Chapter 13 Bankruptcy Works
In Chapter 13 proceedings, you will pay back some of your debts, depending upon your income, in a three- or five-year period. After making payments for the predetermined period of time, your remaining debts will be discharged. Unlike Chapter 7, Chapter 13 bankruptcy is for individuals who earn consistent income. Filing can help:
- Stop creditor harassment
- Prevent utility shutoffs
- Halt foreclosure and sheriff’s sales
- Stop repossessions