New Jersey Bankruptcy Laws

Locate a New Jersey Bankruptcy Attorney

If you are a New Jersey resident and are thinking of filing bankruptcy a New Jersey bankruptcy attorney will review all of your options.

See, with the assistance of a New Jersey bankruptcy attorney, whether filing Chapter 7 or Chapter 13 bankruptcy is the right strategy for you.

For a meeting with a local New Jersey bankruptcy attorney simply fill out the form on this page.

Bankruptcy Law and New Jersey Exemptions

In your first consultation with your New Jersey bankruptcy attorney you will review all of the key differences from Chapter 7 and Chapter 13 bankruptcy.

In this consultation your New Jersey bankruptcy attorney will ask you many personal finance questions or provide you with a profile sheet to log certain financial details. The answers you give will assist you and your attorney in deciding if filing Chapter 7 or Chapter 13 bankruptcy is the route for you.

Chapter 7 bankruptcy is often called liquidation since the bankruptcy trustee may sell or auction non-exempted property (see State Exemptions list below).

However, in most of Chapter 7 bankruptcy cases, the debtor filing bankruptcy does not own non-exempt property, so this would not apply to most filings. If you do not own much property or have many assets Chapter 7 bankruptcy may be the best choice, since you would be allowed to discharge most unsecured debt.

Before filing Chapter 7 bankruptcy please discuss about your situation with a New Jersey bankruptcy attorney to determine exactly how much property may be exempt from liquidation.

New Jersey State Exemptions

Wages

90 percent of your earnings, unless that amounts to more than 250 percent above the poverty level. Depending on the size of your family, this percentage and exception may vary.

Personal Property

1. Up to $1,000 of furniture and household goods.
2. Burial plots.
3. Clothing.
4. Up to $1,000 of other personal property.

Chapter 13 Bankruptcy is also referred to as “reorganization”. Persons filing Chapter 13 may own more property and by filing Chapter 13 may also keep most of their assets.

In Chapter 13 bankruptcy, the filer draws up a proposal for a repayment plan for a term of 3 to 5 years, which must be approved by a bankruptcy court. This plan allows the debtor to repay outstanding bills.

Speak With a New Jersey Bankruptcy Attorney Today

If you have contemplated filing bankruptcy in New Jersey but have not because you did not know where to begin or felt overwhelmed by the system.

To respond to all inquiries about bankruptcy laws, a New Jersey bankruptcy attorney will be able to show you the bankruptcy process in common sense terms. When you visit a New Jersey bankruptcy attorney you will also be able to have many of your questions and concerns answered in the initial visit.

Escape from the stresses of finding a New Jersey bankruptcy attorney. Simply complete our bankruptcy questionnaire on this page and we will direct you to a New Jersey bankruptcy attorney in your area.

Note: This is not legal advice. All bankruptcy laws in any state need the consult of a bankruptcy attorney licensed in that state. Consult a local attorney if you are seeking legal advice. Some or all bankruptcy laws may have changed since this page was created.

New Jersey Bankruptcy Attorneys are available in these areas:

ADELPHIA, ALLENDALE, ALLENHURST, ALLENTOWN, ALLENWOOD, ALLOWAY, ALPINE, ANDOVER, ANNANDALE, ASBURY, ASBURY PARK, ATCO, ATLANTIC HIGHLANDS, AUDUBON, AUGUSTA, AVALON, AVENEL, AVON BY THE SEA, BANK OF AMERICA, BANK OF NEW YORK, BAPTISTOWN, BARNEGAT, BARNEGAT LIGHT, BARRINGTON, BASKING RIDGE, BAYONNE, BAYVILLE, BEACH HAVEN, BEACHWOOD, BEDMINSTER, BELFORD, BELLE MEAD, BELLEVILLE, BELLMAWR, BELMAR, BERGENFIELD, BERKELEY HEIGHTS, BERLIN, BERNARDSVILLE, BEVERLY, BIRMINGHAM, BLACKWOOD, BLAWENBURG, BLOOMFIELD, BLOOMINGDALE, BLOOMSBURY, BOGOTA, BOONTON, BORDENTOWN, BOUND BROOK, BRADLEY BEACH, BRANCHVILLE, BRICK, BRIDGEPORT, BRIDGETON, BRIDGEWATER, BRIELLE, BROOKSIDE, BROWNS MILLS, BUDD LAKE, BURLINGTON, BUTLER, CALDWELL, CALIFON, CAMDEN, CAPE MAY, CAPE MAY COURT HOUSE, CAPE MAY POINT, CAPE MAY PT, CARLSTADT, CARTERET, CEDAR BROOK, CEDAR GROVE, CEDAR KNOLLS, CEDARVILLE, CENLAR BANK, CHATHAM, CHATSWORTH, CHERRY HILL, CHESTER, CHESTERFIELD, CLARK, CLARKSBORO, CLAYTON, CLEMENTON, CLIFFSIDE PARK, CLIFFWOOD, CLIFTON, CLINTON, CLOSTER, COLLINGSWOOD, COLONIA, COLTS NECK, COLUMBUS, CONVENT STA, COOKSTOWN, CORPORATE MAILINGS, CRANBURY, CRANFORD, CREAM RIDGE, CRESSKILL, DAYTON, DEAL, DEEPWATER, DEERFIELD STREET, DELANCO, DELMONT, DEMAREST, DENNISVILLE, DENVILLE, DEPTFORD, DIVIDING CREEK, DIVIDING CRK , DORCHESTER, DOVER, DUMONT, DUNELLEN, E MILLSTONE, EAST BRUNSWICK, EAST HANOVER, EAST ORANGE, EAST RUTHERFORD, EATONTOWN, EDGEWATER, EDISON, ELIZABETH, ELMER, ELMWOOD PARK, EMERSON, ENGLEWOOD, ENGLEWOOD CLIFFS, ENGLISHTOWN, ESSEX FELLS, EWAN, FAIR HAVEN, FAIR LAWN, FAIRFIELD, FAIRTON, FAIRVIEW, FANWOOD, FAR HILLS, FARMINGDALE, FIDELITY UNION BKCARD, FLAGTOWN, FLANDERS, FLEMINGTON, FLORENCE, FLORHAM PARK, FORDS, FORKED RIVER, FORT DIX, FORT LEE, FORT MONMOUTH, FORTESCUE, FRANKLIN, FRANKLIN LAKES, FRANKLIN PARK, FRANKLINVILLE, FREEHOLD, FRENCHTOWN, GARFIELD, GARWOOD, GIBBSBORO, GIBBSTOWN, GILLETTE, GLADSTONE, GLASSBORO, GLASSER, GLEN GARDNER, GLEN RIDGE, GLEN ROCK, GLENDORA, GLENWOOD, GLOUCESTER CITY, GOSHEN, GREEN CREEK, GREEN VILLAGE, GREENDELL, GREENWICH, GRENLOCH, HACKENSACK, HADDON HEIGHTS, HADDON TOWNSHIP, HADDONFIELD, HAINESPORT, HALEDON, HAMBURG, HAMPTON, HANCOCKS BRIDGE, HARRINGTON PARK, HARRISON, HARRISONVILLE, HASBROUCK HEIGHTS, HASKELL, HAWORTH, HAWTHORNE, HAZLET, HEISLERVILLE, HELMETTA, HEWITT, HIBERNIA, HIGH BRIDGE, HIGHLAND LAKES, HIGHLAND PARK, HIGHLANDS, HILLSBOROUGH, HILLSDALE, HILLSIDE, HO HO KUS, HOBOKEN, HOLMDEL, HOPATCONG, HOPEWELL, HOWELL, IMLAYSTOWN, IRONIA, IRVINGTON, ISELIN, ISLAND HEIGHTS, J P MORGAN CHASE, JACKSON, JERSEY CENTRAL POWER LIGHT, JERSEY CITY, JOBSTOWN, JOHNSON & JOHNSON, JP MORGAN CHASE, JULIUSTOWN, KEANSBURG, KEARNY, KEASBEY, KENDALL PARK, KENILWORTH, KENVIL, KEYPORT, KILMER GMF, KINGSTON, LAFAYETTE, LAKE HIAWATHA, LAKE HOPATCONG, LAKEHURST, LAKEWOOD, LAMBERTVILLE, LANDING, LANOKA HARBOR, LAVALLETTE, LAWNSIDE, LAYTON, LEBANON, LEDGEWOOD, LEESBURG, LEONARDO, LEONIA, LIBERTY COR, LINCOLN PARK, LINCROFT, LINDEN, LITTLE FALLS, LITTLE FERRY, LITTLE SILVER, LITTLE YORK, LIVINGSTON, LODI, LONG BRANCH, LONG VALLEY, LUMBERTON, LYNDHURST, LYONS, MADISON, MAGNOLIA, MAHWAH, MALAGA, MANAHAWKIN, MANASQUAN, MANCHESTER TOWNSHIP, MANTOLOKING, MANTUA, MANVILLE, MAPLE SHADE, MAPLEWOOD, MARLBORO, MARLTON, MARMORA, MARTINSVILLE, MATAWAN, MAURICETOWN, MAYWOOD, MC AFEE, MEDFORD, MENDHAM, MERCHANTVILLE, MERRILL LYNCH, MERRILL LYNCH INC, METUCHEN, MICKLETON, MIDDLESEX, MIDDLETOWN, MIDDLEVILLE, MIDLAND PARK, MILFORD, MILLBURN, MILLINGTON, MILLSTONE TOWNSHIP, MILLTOWN, MILLVILLE, MINE HILL, MONMOUTH BEACH, MONMOUTH JUNCTION, MONROE TOWNSHIP, MONROEVILLE, MONTAGUE, MONTCLAIR, MONTVALE, MONTVILLE, MOONACHIE, MOORESTOWN, MORGANVILLE, MORRIS PLAINS, MORRISTOWN, MOUNT ARLINGTON, MOUNT EPHRAIM, MOUNT FREEDOM, MOUNT HOLLY, MOUNT LAUREL, MOUNT ROYAL, MOUNT TABOR, MOUNTAIN LAKES, MOUNTAINSIDE, MULLICA HILL, NATIONAL PARK, NAVESINK, NEPTUNE, NESHANIC STATION, NETCONG, NEW BRUNSWICK, NEW EGYPT, NEW GRETNA, NEW LISBON, NEW MILFORD, NEW PROVIDENCE, NEW VERNON, NEW YORK, NEWARK, NEWFIELD, NEWFOUNDLAND, NEWPORT, NEWTON, NNJ METRO P&DC, NORMA, NORMANDY BCH, NORTH ARLINGTON, NORTH BERGEN, NORTH BRUNSWICK, NORTHVALE, NORWOOD, NUTLEY, OAK RIDGE, OAKHURST, OAKLAND, OAKLYN, OCEAN CITY, OCEAN GATE, OCEAN GROVE, OCEAN VIEW, OCEANPORT, OGDENSBURG, OLD BRIDGE, OLDWICK, ORADELL, ORANGE, PALISADES PARK, PALMYRA, PARAMUS, PARK RIDGE, PARLIN, PARSIPPANY, PASSAIC, PATERSON, PAULSBORO, PEAPACK, PEDRICKTOWN, PEMBERTON, PENNINGTON, PENNS GROVE, PENNSAUKEN, PENNSVILLE, PEQUANNOCK, PERTH AMBOY, PICATINNY ARSENAL, PINE BEACH, PINE BROOK, PISCATAWAY, PITMAN, PITTSTOWN, PLAINFIELD, PLAINSBORO, PLUCKEMIN, POINT PLEASANT BEACH, POMPTON LAKES, POMPTON PLAINS, PORT ELIZABETH, PORT MONMOUTH, PORT NORRIS, PORT READING, POTTERSVILLE, QUAKERTOWN, QUINTON, RAHWAY, RAMSEY, RANCOCAS, RANDOLPH, RARITAN, READINGTON, RED BANK, RICHWOOD, RIDGEFIELD, RIDGEFIELD PARK, RIDGEWOOD, RINGOES, RINGWOOD, RIO GRANDE, RIVER EDGE, RIVERDALE, RIVERTON, ROCHELLE PARK, ROCKAWAY, ROCKY HILL, ROEBLING, ROOSEVELT, ROSELAND, ROSELLE, ROSELLE PARK, ROSEMONT, ROSENHAYN, RUMSON, RUNNEMEDE, RUTHERFORD, S SEAVILLE, SADDLE BROOK, SADDLE RIVER, SALEM, SAYREVILLE, SCHOOLEYS MOUNTAIN, SCHOOLEYS MTN, SCOTCH PLAINS, SEA GIRT, SEA ISLE CITY, SEASIDE HEIGHTS, SEASIDE PARK, SECAUCUS, SERGEANTSVILLE, SERGEANTSVLLE, SEWAREN, SEWELL, SHILOH, SHORT HILLS, SHREWSBURY, SICKLERVILLE, SKILLMAN, SOMERDALE, SOMERSET, SOMERVILLE, SOUTH AMBOY, SOUTH BOUND BROOK, SOUTH DENNIS, SOUTH HACKENSACK, SOUTH ORANGE, SOUTH PLAINFIELD, SOUTH RIVER, SPARTA, SPOTSWOOD, SPRING LAKE, SPRINGFIELD, STANHOPE, STANTON, STILLWATER, STIRLING, STOCKHOLM, STOCKTON, STONE HARBOR, STRATFORD, STRATHMERE, SUCCASUNNA, SUMMIT, SUSSEX, SWARTSWOOD, SWEDESBORO, TEANECK, TENAFLY, TENNENT, TETERBORO, THOROFARE, THREE BRIDGES, TITUSVILLE, TOMS RIVER, TOTOWA, TOWACO, TOWNSHIP OF WASHINGTON, TRANQUILITY, TRENTON, TUCKAHOE, TUCKERTON, UNION, UNION CITY, VAUXHALL, VERNON, VERONA, VILLAS, VINCENTOWN, VINELAND, VOORHEES, WALDWICK, WALLINGTON, WALLPACK CENTER, WANAQUE, WARETOWN, WARREN, WATCHUNG, WATERFORD WORKS, WAYNE, WEEHAWKEN, WENONAH, WEST BERLIN, WEST CREEK, WEST LONG BRANCH, WEST MILFORD, WEST NEW YORK, WEST ORANGE, WESTFIELD, WESTVILLE, WESTWOOD, WHARTON, WHIPPANY, WHITEHOUSE, WHITEHOUSE STATION, WHITESBORO, WICKATUNK, WILDWOOD, WILLIAMSTOWN, WILLINGBORO, WINSLOW, WOOD RIDGE, WOODBINE, WOODBRIDGE, WOODBURY HEIGHTS, WOODCLIFF LAKE, WOODSTOWN, WRIGHTSTOWN, WYCKOFF, ZAREPHATH