NJ BANKRUPTCY 911

(201) 673 – 5777

NJ BANKRUPTCY 911

(201) 673 – 5777

Believe it or not, the mistake many people make is not filing bankruptcy sooner.  People are so afraid of the “B word” that they often deplete all their assets prior to speaking to a bankruptcy attorney.  Many assets can be completely protected or partially protected in a bankruptcy.  For example, a pension, IRA, or 401k can be protected in a bankruptcy.  Unfortunately, what I see all too often is that debtors either close out retirement accounts or take very large loans, which they are paying back either weekly or bi-weekly in their pay checks.   Very often what people do when deciding to close out a retirement account is put a very small Band-Aid on a wound that is bleeding-out.   The bankruptcy process permits debtors to hold on to limited amounts of money, equity in property, and household goods, just to name a few of the assets that can be retained.  People must view the decision to file bankruptcy as a reorganization of their financial affairs.  Face your financial situation head-on today and discover what many already know, “there is life after bankruptcy”!!!