DESMOND LAW P.A.
100 Enterprise Drive, Suite 301
Rockaway, New Jersey 07866
(973) 554-3300
Includes Credit Check and Mandatory Credit Counseling Classes
FREE VIRTUAL CONSULTATION
BANKRUPTCY
If you are overwhelmed by credit cards, medical bills, or personal loans, federal law provides a legal mechanism to wipe the slate entirely clean. Chapter 7 Bankruptcy—often referred to as liquidation bankruptcy—is designed to permanently eliminate unsecured debt, allowing individuals to secure a genuine "Fresh Start."
At Desmond Law, P.A., we guide you through the rigid means-testing requirements and filing processes so you can emerge debt-free while maximizing your asset retention.
Core Protections of Chapter 7
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If you are struggling to stay afloat financially, New Jersey bankruptcy laws offer a legal mechanism to wipe the slate clean. Attorney Leo W. Desmond files exclusively in Chapter 7 bankruptcy, helping individuals eliminate unsecured debts and secure a true "Fresh Start".
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Immediate Protection: Invokes the automatic stay to instantly halt vehicle repossessions, pending lawsuits, bank levies, and foreclosure actions.
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Debt Elimination: Discharges qualifying credit card balances, medical bills, and personal loans permanently.
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Stop Wage Garnishments: Ends court-ordered paycheck deductions to restore your immediate monthly cash flow.
BENEFITS OF BANKRUPTCY
Provides a “Fresh Start” for a person in financial distress.
Eliminates numerous, potentially overwhelming bills such as doctor bills, hospital bills, unsecured personal loans, business debts, and credit card debts.
May be able to eliminate old tax liabilities.
Eliminates judgments and garnishments.
Eliminates deficiencies owed to banks from short sales or mortgage deficiencies from foreclosure.
Eliminates deficiencies owed as a result of repossession of a car, boat or other item.
Stops a foreclosure of a house or a foreclosure sale. Depending on the situation, this halt may not be permanent.
Stops creditor lawsuits filed against you.
Stops the repossession of items such as cars, boats, or other items from banks and creditors.