South Jersey Bankruptcy Attorneys

Experienced bankruptcy attorneys in South Jersey

When facing a dire financial situation, bankruptcy may be a way to recover and start anew. Though the future seems bleak, bankruptcy may be your best option and consulting with an attorney can help you make informed decisions as you navigate towards the road to recovery. The decision to file for bankruptcy should not be taken lightly. If you believe that bankruptcy may be your best option, contact our firm. Underwood & Micklin has over 20 years of experience helping clients through tough times. Our compassionate attorneys are here to guide you through your best options and help you take control of your future. For a consultation with an effective and knowledgeable legal team, contact Underwood & Micklin.

Bankruptcy Options

If you believe that your situation calls for the need to file for bankruptcy, it is important to have quality legal support to help you make informed decisions on these significant legal matters. Generally, individuals have two options for bankruptcy; Chapter 7 and Chapter 13. For businesses, there are more options available, namely Chapter 11 bankruptcy. More

Chapter 7 Bankruptcy

When an individual faces overwhelming debt and a bleak financial future, they may need a way to right their financial ship. Though a person may think that there is no recovery, bankruptcy is there to help. Chapter 7 bankruptcy is the simplest form known to most. It allows a person to walk away from unsecured debts by liquidating assets. More

Chapter 13 Bankruptcy

People who face overwhelming debt may need to consider the process of filing for bankruptcy. Bankruptcy is a powerful tool to right one’s financial ship. Chapter 13 bankruptcy, also known as wage earner’s plan, can help a person with regular income develop a repayment plan over 3 or 5 years. Compared with Chapter 7 bankruptcy, Chapter 13 has a few advantages, including saving one’s home, rescheduling secured debts, extending them over the course of the repayment plan, and acting as a consolidation loan. More

Chapter 11 Bankruptcy

When a business owner faces mounting bills, overwhelming debt, and an uncertain future, it may be time to consider filing for bankruptcy to help the company get back on track. Under the bankruptcy code, there are options available to businesses like there are for individuals. One option is for Chapter 7, which liquidates the business and closes its doors, laying off the staff. More

Loss Mitigation

On August 1, 2011, the United States Bankruptcy Court for the District of New Jersey adopted a Loss Mitigation Program. The program functions as an alternative dispute resolution, bringing the debtor and the lender together to negotiate a resolution through open lines of communication to avoid the possibility of foreclosure. More