Many people believe that they can no longer file bankruptcy since the bankruptcy law changed in October of 2005. That is not true. The Kridel Law Group continues to file all types of bankruptcies, including:
- Chapter 7 bankruptcy for individuals and businesses
- Chapter 13 bankruptcy for individuals
- Chapter 11 business reorganization
By filing for bankruptcy protection, our lawyers can put an immediate stop to home foreclosures, car repossession, wage garnishment, and threatening phone calls. By eliminating or reducing credit card debt, medical debt, payday loans, and other types of unsecured debt, filing bankruptcy can help you get back on your feet financially. Our lawyers also provide non-bankruptcy alternatives to help businesses and individuals resolve debt issues including taxes.
Contact an experienced bankruptcy attorney at the Kridel Law Group to discuss all bankruptcy issues, including bankruptcy litigation.
How the New Bankruptcy Law Affects You
Some people who have higher earnings will no longer be allowed to file Chapter 7 bankruptcy and will instead have to file for Chapter 13 bankruptcy, which is essentially a debt repayment plan. All debtors will also be required to get credit counseling before they can file a bankruptcy case.
The new bankruptcy law imposes new requirements on bankruptcy attorneys, and as a result many attorneys no longer provide bankruptcy services.
Trusted Debt Relief Attorneys
The Kridel Law Group has represented individuals and commercial clients in bankruptcy proceedings for more than 40 years. Our attorneys are well-versed in all requirements of the new bankruptcy law. We are skilled bankruptcy litigation attorneys who are always ready to argue your case in court.
Our attorneys are experienced in representing a broad range of clients, including debtors, creditors, lenders, creditors’ committees, potential acquirers, investors, turnaround professionals, and asset purchasers. We also advise financially troubled businesses and individuals.
If you need assistance with business or personal debt relief in New Jersey or New York, contact a bankruptcy attorney at the Kridel Law Group. Call us today at 973-470-0800.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.