Chapter 13 Bankruptcy Attorney in Toms River, New Jersey

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

Because filing for Chapter 13 is complicated and requires that your proof of income be very accurate, it is important to work with a knowledgeable lawyer. At the Law Office of David A. Semanchik, we will look carefully at your income and expenses. We will also explain how IRS standards affect your bankruptcy.

Getting Rid of a Second Mortgage

Depending on your individual situation and expenses, lien stripping may be an option through Chapter 13. In essence, this means that if the balance of your first mortgage exceeds the value of your home, you can often strip off a second mortgage and free yourself of that debt.

Talk to a Lakewood Debt Settlement Attorney

Learn more about whether filing Chapter 13 bankruptcy is the right option for you. Schedule a no-fee strategy session with a skilled Toms River Chapter 13 bankruptcy attorney by calling the Law Office of David A. Semanchik. You can also fill out the online contact form.

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