Having a professional New Jersey Debtor’s Bankruptcy Lawyer will make the process easier. A bankruptcy attorney can analyze your situation and help you decide whether filing for bankruptcy is the right choice for you. He or she can also help you develop a plan that will work for you. This link : https://www.scura.com/blog/nj-debtors-bankruptcy-proceedings-following-an-untimely-death

Does bankruptcy get rid of everything?

The goal of a bankruptcy is to stop creditors from taking collection actions on your account. When you file for bankruptcy in New Jersey, the bankruptcy court issues an “automatic stay.” This means that the bankruptcy court orders that letters and other collection efforts are stopped. If you have been served with a garnishment, for instance, your bankruptcy attorney can file a motion to get the garnished amounts returned to your debtor’s estate.

During a bankruptcy case, the court may also issue an order to reclassify a home equity line of credit (HELOC) as an unsecured debt. This is because the house value is less than the amount of money owed on the loans.

If you are filing for bankruptcy in New Jersey, you are required to complete two informational courses. The courses are designed to educate you about your financial situation and other alternatives to bankruptcy. If you fail to complete the courses, your case will be dismissed without a discharge.

When you file your bankruptcy petition, you will need to include all of your bills and information about your real estate. You will also need to provide your lawyer’s letters. You may use an electronic case filing (ECF) system to file your petition.