Chapter 7

At Markowitz O'Donnell, LLP, we understand the financial — and emotional — strain caused by debt. We are here to help.

Our attorneys will not rush you into filing. Instead, we will carefully listen to your individual situation and provide you with honest advice about your debt-relief options. Our hands-on approach helps us determine whether bankruptcy is the best solution, which type of bankruptcy would be a good fit for you or whether a different debt relief solution would give you better results.

Do I Qualify for Chapter 7?

Chapter 7 bankruptcy offers comprehensive protection and a fresh start for clients with few assets and a smaller income. Chapter 7 is available for people whose income is below the median income in New Jersey for a household of their size. If your income exceeds the median, you probably will not be eligible for Chapter 7, but may file Chapter 13.

We can help you determine which type of bankruptcy you qualify for. To schedule an appointment with our lawyers, please call 866-437-1189 or contact us online.

A Financial Fresh Start

In Chapter 7, many debts will be discharged so you will not have to repay them. Unsecured debt, such as credit cards and medical bills, are typically discharged.

Property secured by a loan, such as a house or a car, may be liquidated. You may be able to keep your home and vehicle if you reaffirm your loans with the lenders and are able to keep making payments. Generally, Chapter 13 is a better option for keeping assets.

The attorneys at our firm have helped hundreds of clients gain financial relief by filing Chapter 7. However, we can also find debt relief solutions without filing bankruptcy. For example, we can negotiate with credit card companies and other lenders to have the terms adjusted.

We are Ready to Help You

When bankruptcy becomes your best option, we are well-prepared to help you. Please call us in Lawrenceville at 609-482-3138 or 866-437-1189 to speak with our attorneys.