Debt Relief For New Jersey Homeowners And Businesses
As a result of the recent downturn in the economy, many New Jersey individuals, families, and businesses find themselves in the midst of financial hardship. At the Law Office of David A. Semanchik, we offer compassionate and informative representation to our clients. We want you to understand that debt relief solutions do exist and you do not have to face these troubles alone.
Understanding the Benefits of Filing for Bankruptcy
Filing for bankruptcy can allow you to gain a fresh financial start, stop foreclosure or put an immediate stop to creditor harassment. Some types of bankruptcy proceedings in which we have experience include:
- Chapter 7 bankruptcy for individuals: Otherwise known as liquidation, Chapter 7 allows individuals to discharge all of their unsecured debt, including debt caused by credit card spending and medical expenses. We can help you take advantage of state and federal exemptions that can often allow you to save your home, car, and personal belongings.
- Chapter 7 bankruptcy for businesses: Our New Jersey law firm also represents corporations and LLCs in Chapter 7 bankruptcy proceedings. Chapter 7 works almost the same for businesses as it does for individuals, allowing our clients to discharge their unsecured debt and start anew. We have the experience necessary to help you and the court properly distinguish between your business and personal debt.