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If you are filing bankruptcy in Liberty Corner then read this infographic to learn about chapter 11 bankruptcy and know how our New Jersey bankruptcy attorney can assist you in filing bankruptcy and help you get a fresh start through bankruptcy, call now at (908) 332-5623.
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LIBERTY CORNER CHAPTER 11 BANKRUPTCY LAWYER However, debt relief through a Chapter 11 proceeding is also an option for individuals, particularly when they have either too much income or too much debt to qualify for chapter 7 or 13 bankruptcy. Are you qualified for a Chapter 11 bankruptcy? Chapter 11 is often the best option for individuals who have too much value in non-exempt assets that they want/need to keep for Chapter 7 and who have too much debt to qualify for Chapter 13. What are dischargeable debts? Chapter 11 bankruptcy is often referred to as “reorganization” bankruptcy because it allows you to restructure your debts and make reduced payment arrangements while maintaining ownership of your property. However, an individual may also use a Chapter 11 process for an “orderly liquidation” of assets. Contact Us At Karina Lucid Law, we can assist you in filing bankruptcy and help you get a fresh start through bankruptcy. 3640 Valley Road, Second Floor, Liberty Corner, NJ 07938, USA (908) 332-5623 klucid@karinalucidlaw.com karinalucidlaw.com