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Filing for Bankruptcy in New Jersey

What You Can Expect When Filing For Bankruptcy

By Marc A. Futterweit

Day in and day out, people find themselves in a situation where they must file for bankruptcy. Filing for bankruptcy is not necessary a sign that the person filing was a spend thrift; unforeseen circumstances can constantly come up throughout a person’s life. For example, if a person becomes sick with an illness that must be consistently treated, their healthcare insurance may not always cover everything that is needed. This means that a person is now put in a position to pay potentially tens of thousands of dollars for their medical bills. While bankruptcy may seem very scary, there is a process that you can expect when filing for bankruptcy.

The first step in filing for bankruptcy is to make sure that you retain an attorney to protect your interests. Filing for bankruptcy is not something to take lightly and a person needs to understand that they will be dealing with the ins and outs of bankruptcy law. Your creditors will be grouped under a representative who will be representing their interests and your best option is to have your own attorney that will be able to combat the legalese.

The next thing that you need to expect with a bankruptcy case is a fair amount of paperwork. The courts will want every single detail about the debt that you are trying to be released from as well as the reasons that you are trying to be released from the debt. Sometimes this can be an easy process and paperwork can be submitted to bankruptcy court fairly quickly. However, if you have a larger case, it may take some time to put all of the paperwork details together.

Another anticipation to have is the fact that ultimately you will have to appear in bankruptcy court. When you appear in bankruptcy court, however, it will not look like the courtrooms that you are used to seeing on TV. Instead, it will be more like a meeting with a judge who will ask you a line of questions regarding the paperwork that has been submitted on your debt. This is all the more reason to ensure that you have retained an experience bankruptcy attorney to make sure that the paperwork has been completed correctly. Sometimes a decision will be able to be made on your case that day, but often times there is a back and forth between yourself, your attorney and the bankruptcy court.

The Law Offices of Marc A. Futterweit have a team of experts that are ready and willing to walk you through your bankruptcy case. The reality is that every single bankruptcy matter is going to be different and the Law Offices of Marc A. Futterweit understands that each case will need individual attention. We are dedicated to ensure that our clients will be able to see the best possible result so that you are able to continue living your life in a comfortable manner. Please call our office today at 973-442-0200 to schedule a time to talk to our team or visit our website at www.futterweit.com to learn more about bankruptcy.

Contact Us Today at 973-442-0200


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