Bankruptcy Is A Financial Tool

There is never an ideal time to file for Bankruptcy. Georgette Miller and Dilworth Paxson understand this, which is why they approach each case with sensitivity and respect to gain the desired results. Our bankruptcy lawyers in Philadelphia will work efficiently to settle all your financial needs, getting your funds back in the process. We will work with you to get back on track and rebuild your future.

Some people have been misinformed of the bankruptcy law change from October 2005. Georgette Miller and Dilworth Paxson will inform clients of the new changes, while providing Chapter 7 and 13 bankruptcy for individuals and businesses.

For people who file for bankruptcy protection, our team of New Jersey bankruptcy attorneys will stop home foreclosures, car repossession, wage garnishment, and threatening phone calls. Filing for bankruptcy can get you back on your feet financially. We will eliminate or reduce credit card debt, medical debt, loans, and other forms of unsecured debt. Providing non-bankruptcy alternatives to businesses and individuals is also one of our specialties. We obtain effective results to resolve debt issues.

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How New Jersey Bankruptcy Lawyer Georgette Miller Can Help

Whether you are currently struggling with unmanageable debt or you have concerns about the future because your financial circumstances have changed, you owe it to yourself to ensure that you are making the right decisions. This starts with seeking advice from a qualified attorney.

A key part of the bankruptcy process is coming up with solid plans that’ll help prevent the case from going south. We’ll come up with solid debt management and repayment plans, that’ll make it easy for your creditors to get off your back, thus providing the relief you so ardently need.

Every attorney here is a skilled New Jersey bankruptcy attorney. Which means we can guide you and help you secure a fair outcome in accordance with the local laws. 

Here is what New Jersey bankruptcy attorney Georgette Miller can do to help:

• Provide a Free Case Review – Regardless of your financial situation, your legal representation starts with a free case review. Georgette Miller will sit down with you one-on-one to discuss your situation in complete confidence.
• Stop Foreclosure and Save Your Home – If you own your home and are behind on your payments, Georgette Miller can help you avoid foreclosure. The bankruptcy laws provide special protections for filers’ primary residences.
• Help You Explore All of Your Options – Should you file for bankruptcy under Chapter 7? Under Chapter 13? Should you consider a bankruptcy alternative? Georgette Miller can help you explore all of your options.
• Help You Get a Fresh Start – When pursuing bankruptcy (or a bankruptcy alternative), the goal is to provide yourself with a fresh start. Georgette Miller can help you secure the maximum protections available and put you on the path toward a new beginning.
• Guide You Forward with Your Best Interests in Mind – When you are dealing with financial strain, you need to work with someone who has your best interests in mind. As a New Jersey bankruptcy lawyer, Georgette Miller will only provide advice based on what is best for you in your unique individual circumstances.

If you have any questions or need some qualified legal consultation, feel free to call us (856) 323-1100 today. 

5 Facts You Need To Know Before You File for Bankruptcy

If you are thinking about filing for bankruptcy, there is a lot you need to know before you start the process. Mistakes can delay the process, and in some cases, they can jeopardize your bankruptcy filing entirely. Additionally, if you choose the wrong bankruptcy option, you won’t secure the full protections you deserve. Here are five key facts you need to keep in mind:

1. You Should Not Rely on a “Bankruptcy Specialist”

You should avoid individuals and companies that promote themselves as “bankruptcy specialists.” Typically, these are not attorneys and law firms but rather individuals and businesses without legal experience that offer cookie-cutter bankruptcy “packages.” If you are under a mountain of debt, a cookie-cutter package is not the bankruptcy solution you need. Instead, you need insightful legal advice that is custom-tailored to your situation.

2. There Are Several Types of Bankruptcies

There are several different types of bankruptcies—including bankruptcies under Chapters 7, 11 and 13—and there are also several different bankruptcy alternatives that will make more sense in some cases. Before you start the process, you need to make sure you choose the right process based on your personal financial needs.

3. Debtors in New Jersey Have Clear Legal Rights

As a debtor in New Jersey, you have clear legal rights. Unfortunately, you can’t necessarily trust your creditors to respect them. As you move forward, it will be extremely important to work with an experienced New Jersey bankruptcy lawyer who can explain your legal rights and assert them on your behalf.

4. It Is Never Too Early to Explore Your Options

If you have concerns about your financial situation, it is never too early to explore your options. In fact, the sooner you act, the more options you will have available. Once you understand your options, you can make informed and confident decisions about how to put yourself in the best possible financial situation for the future.

5. You Can (and Should) Make Informed Decisions At No Cost

We offer free case reviews because we believe that everyone deserves a second chance and because we know that it can be hard (if not impossible) to pay for an attorneywhen you are already struggling financially. Georgette Miller can help you make informed decisions at no cost and without any obligation to use our services in the future.

Choosing the Right New Jersey Bankruptcy Lawyer to Represent You

When you need financial help, it is important not to choose just any attorney. Instead, you should do your research and make sure you choose the right New Jersey bankruptcy attorney to represent you.

What Does a New Jersey Bankruptcy Attorney Do?

Choosing the right bankruptcy attorney starts with understanding what a New Jersey bankruptcy lawyer does. Once you know why you need an attorney, then you can choose who you want to represent you. If filing for bankruptcy makes sense given your personal circumstances, an experienced bankruptcy legal practitioner will:

• Prepare and file your bankruptcy petition (under Chapters 7, 11 or 13)
• Deal with your creditors on your behalf
• Assert your legal rights and protections during the bankruptcy process
• Work to reduce (or eliminate) your eligible debts
• Represent you in court and finalize the bankruptcy process

Once your bankruptcy is complete, an experienced bankruptcy attorney will also make sure you know everything you need to know as you move forward. This includes ensuring that you have a clear understanding of your remaining financial responsibilities and what you will need to do to rebuild and protect your credit going forward.

What Should You Look for in a Bankruptcy Lawyer?

Now that you know why you need a bankruptcy attorney, what should you look for in your legal representation? We believe that the following are absolute “must haves” when you are considering a bankruptcy filing:

• A Focus on Bankruptcy – The bankruptcy laws are complex, and understanding your options requires a thorough understanding of the relevant financial principles as well. This means that you need a lawyer who focuses his or her practice on bankruptcy representation.
• Decades of Experience – In the bankruptcy field, there are insights that you can only gain through experience. The New Jersey bankruptcy lawyer you choose should have decades of experience guiding clients through the bankruptcy process.
• Local Knowledge and Presence – While Chapters 7, 11 and 13 are federal bankruptcy laws, New Jersey’s laws also impact your legal rights and options. This means you need an attorney who has local knowledge, and you will want an attorney who has local offices as well.
• One-on-One Representation – To make the right decisions, you need one-on-one legal representation. If you choose a large national law firm or “bankruptcy specialist,” you aren’t likely to get the custom-tailored advice you need.
• Communication, Comfort and Confidence – Finally, the lawyer you choose should be able to communicate clearly, and your attorney should make you feel confident in your choice of legal representation. It is also extremely important that you feel comfortable discussing your personal financial matters openly. If you do not feel comfortable or confident for any reason, you should seek alternate representation.

Do You Really Need a Bankruptcy Attorney?

Reading all of this, you might be thinking, “Do I really need a bankruptcy attorney?” The simple answer to this question is “Yes.”

Consider these statistics: According to Debt.org, 96 percent of debtors who file under Chapter 7 with an attorney receive a discharge of their debts. Among those who don’t hire an attorney, just 66 percent receive a discharge. In Chapter 13 cases, debtors with legal representation receive a discharge more than 40 percent of the time, compared to just two percent for those who file on their own.  

But even these statistics don’t tell the whole story. While people who file on their own may have some of their debts discharged, it is likely that they would get far more out of the bankruptcy process with an experienced attorney on their side. In short, there are multiple benefits to hiring an attorney, and the relatively modest costs of your legal representation could pale in comparison to the additional debt relief your attorney helps you achieve.

Experienced Bankruptcy Attorneys

Georgette Miller and Dilworth Paxson are well-versed in all requirements of the new bankruptcy law. They have represented individuals and commercial clients in many bankruptcy proceedings.

Our experienced New Jersey bankruptcy lawyers advise many businesses and individuals who have fell on financial troubles. They are experienced in representing debtors, creditors, lenders, creditors’ committees, potential acquirers, investors, and asset purchasers.

Businesses and individuals cannot pull themselves out of bankruptcy alone. Contact Georgette Miller and Dilworth Paxson today. One of our New Jersey bankruptcy lawyers in New Jersey will guide you to rebuilding your financial security correctly. Our firm is available to provide guidance and service New Jersey, and Philadelphia, PA. For more information on how to hire a qualified New Jersey bankruptcy attorney, contact our office today.

FAQs: Restoring Your Financial Stability Through Bankruptcy

Which Bankruptcy Type is Best for Your Situation in New Jersey?

After we review your case, we’ll be able to tell you which bankruptcy filing will be best for your situation in New Jersey. Our focus is to help you draw up a feasible plan of action that’ll help you settle your debt quickly, and get your creditors out of your hair. 

Can the Courts Deny Your Request for Bankruptcy?

Yes, the courts can mostly on the grounds of poor paperwork filing. Here’s the truth: you need a New Jersey Bankruptcy attorney to help with the bankruptcy filing process. Our attorneys are uniquely skilled at this because we’ve handled many bankruptcy filings in the process.

Remember that most times, the difference between keeping your home and losing it is timing. If your bankruptcy filing gets thrown out, it could give the creditor just the time they need to kick you out of your home or execute the necessary repossession to recoup the debt.

Be smart about this, and let a highly qualified New Jersey bankruptcy attorney help you today.

What is a Chapter 7 Bankruptcy in New Jersey?

A Chapter 7 bankruptcy is a type of federal bankruptcy filing that allows individuals and couples to eliminate much of their unmanageable debt. When filing under Chapter 7, debtors can keep many of their most important assets (including their home), and they can reduce their monthly payment obligations to a manageable level.

What are the Benefits of Filing a Bankruptcy?

Bankruptcy: everyone dreads it. The reality is no one wants to go through a bankruptcy. Unfortunately, life does happen and people make poor or bad financial decisions. These typically make filing for bankruptcy very important. Thankfully, it’s not all bad news. if anything, some good can come out of filing for bankruptcy.

While bankruptcy might seem like the end of the world for some people, the benefits can help them get back on their feet. These include:

Helps with Restructuring Debt

Filing for bankruptcy gives you the opportunity to find a way to restructure your debts, so you can conveniently pay back your creditors. This means you can actually come up with solid payment plans that will help ensure you stay afloat while gradually settling your debts.

Triggers an Automatic Stay of Debt Recovery by Creditors

When debtors file for bankruptcy, it can trigger a stay of action on debt recovery by the creditors. As a result, your creditors won’t be able to take your vehicle, property, assets or contact you regarding their debts. Most bankruptcy filings automatically activate a “stay away” warning that prevents the other party from even suing, mailing, calling or threatening you. This buys you the time to figure out a feasible plan of action that will help pay off those debts.

You Get to Keep Your Property

Filing bankruptcy usually means the introduction of certain exemptions that makes it impossible for your creditors to touch your property.

Types of Bankruptcy Filings

A seasoned NJ bankruptcy attorney knows that there are two types of bankruptcy filings. Clearly differentiating between the two is important when you’re filing for bankruptcy.

Chapter 7 Bankruptcy

Known as a “Liquidation Chapter”, this can help protect some of your assets from certain liquidation. When you file this, all collection processes from the creditors -including calls, threats, lawsuits and paycheck garnishments- will stop. This essentially protects you from all the hassles that the average debt faces from their creditors.

A seasoned New Jersey bankruptcy attorney will help ensure this by:

• Preventing your creditors from repossessing your vehicle
• Making sure all liens and paycheck garnishments cease immediately
• Provide legal advice that will help you recover and get rid of your debt

Chapter 13 Bankruptcy

Filing a Chapter 13 protection is a necessity if you’re dealing with excess debt, and having to fend off the creditors or collection agencies. This gives you the necessary reprieve you need to catch your breath and get some debt relief. This is why you should contact us to help you get this.

Filing a chapter 13 bankruptcy protection might be necessary if you do not qualify for other bankruptcy protections. And with the proper legal expertise of your attorney, you just might be able to retain your assets, properties, and vehicles.  Under this chapter, debtors will propose a feasible repayment plan that usually extends over a predetermined length of time -usually 3-5 years.

It has some advantages over chapter 7 bankruptcy filing. Come talk to an attorney at Georgette Miller, so we can help clarify their difference.

How Long Does It Take to File for Bankruptcy in New Jersey?

In most cases, individuals and couples can expect their Chapter 7 bankruptcy case to take around four to six months. Chapter 11 and 13 bankruptcies can take significantly longer.

How Much Does Chapter 7 Cost in New Jersey?

In New Jersey, the filing fee for a Chapter 7 bankruptcy is currently $338 (as of 2022). However, debtors who cannot afford the filing fee can apply to either pay in installments or have the fee waived entirely.

What Happens When You Declare Bankruptcy in New Jersey?

What happens when you declare bankruptcy in New Jersey depends on the type of bankruptcy you pursue. If you successfully file under Chapter 7, many of your debts will be eliminated. If you file under Chapter 11 or Chapter 13, your bankruptcy filing will result in a payment plan that reduces your monthly payments and allows you to more easily pay off your debts over time.