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Bankruptcy
The firm of Reinheimer & Reinheimer devotes a great deal of its legal practice to the handling of individual and business bankruptcy filings and other bankruptcy-related issues. We handle such matters with compassion and empathy along with a personal touch. Individuals in need of help are able to file either a Chapter 7 or a Chapter 13 bankruptcy depending on the client’s facts and circumstances. A business which has failed or is failing may file a Chapter 7 bankruptcy to dispose of its business debts and effectively close the business.
In a Chapter 7 bankruptcy, one is seeking a discharge of some or all of their debt obligations. In most instances, the person filing will be able to retain all of their assets of value while discharging their obligation to pay their other debts. Credit cards, MVC surcharges, medical/dental bills and personal loans are all examples of the types of debts that one can effectively discharge within the body of their bankruptcy petition. Most Chapter 7 bankruptcy matters are concluded in less than four months from the time of filing.
A Chapter 13 bankruptcy can help one save their home or automobile despite being behind with their monthly payment obligation. A Chapter 13 bankruptcy can remain open for a period of 36 to 60 months depending on one’s circumstances. Outstanding tax obligation to the state and federal governments can also be taken care of within the Chapter 13 filing. This type of filing acts as an individual reorganization of one’s debt obligations.
With over 20 years of experience in this area of the law, the law firm of Reinheimer & Reinheimer will guide you through the bankruptcy process. Our firm has a policy of all phone calls being returned within 1 business day. Your attorney will personally appear at each and every court event. Following your free consultation with the firm, you will receive your attorney’s personal and direct email so you may literally have your attorney at your disposal at any time the need arises.
All bankruptcy consultations are completely free of charge and will take place with a licensed attorney, not a paralegal. Give us a call and take the first step to regaining control of your life and finances. Most consultations will take approximately 60-90 minutes to complete and can be done either in person, over the phone or via Skype.
Bankruptcy Articles
Covid-19 and Bankruptcy Podcast
I discuss my thoughts on Covid-19 and Bankruptcy on the podcast “The Bold Sidebar” with Attorney Jeff Horn. https://podcasts.apple.com/us/podcast/the-bold-sidebar/id1391801841
Frequently Asked Chapter 7 Trustee Question’s at 341A Hearing
As I have outlined in prior blogs, one must attend a 341A Hearing (also referred to as a 341A Meeting of Creditors) following the filing of one’s bankruptcy petition. The hearing is generally conducted within thirty (30) days of the date of filing. The hearing is conducted by a panel trustee who will be asking […]
Credit Cards and Bankruptcy
The purpose of the Bankruptcy code is to give the honest individual the chance for a fresh start. This can mean discharging one’s obligation to pay any of their unsecured debts such as credit cards. However, the person filing must be sure that they conducted their affairs and accounts honestly, openly and properly. It is […]
Bankruptcy Creditors
The term “creditors” is often used in bankruptcy to describe those entities/persons who are owed money by those who are filing for bankruptcy relief. There are secured creditors such as a mortgage or car company (loan) and there are unsecured creditors such as credit cards or medical bills. There are, of course, other types of […]
What Does A Bankruptcy Petition Have to Include?
A bankruptcy petition is the legal document which is filed with the bankruptcy court when one begins the bankruptcy process. The petition consists of no less than 30 pages in total and is divided into different types or categories of property (real and personal) and liabilities (secured/unsecured/priority). All property and liabilities of any individual or […]
Order Of Discharge For Bankruptcy
Whether you are filing a Chapter 7 or a Chapter 13 bankruptcy, the thing you are ultimately looking for is your discharge or what is officially termed as an Order of Discharge. This document means that that your case is over and the bankruptcy proceeding is closed. This is an important document and should be […]
Chapter 7 Bankruptcy – Proposed Order of Abandonment
For those who file or are contemplating filing a Chapter 7 Bankruptcy and own a home, it is important to know about a document which is termed a “Proposed Order of Abandonment.” For some reason, many bankruptcy practitioners fail to explain it and in some cases, even address this most important document. It is especially […]
The Workout – Settling Debt Without Bankruptcy
For some people, filing a bankruptcy is simply not an option, whether it is due to personal beliefs or something else. What then is someone to do to clear away their unwanted debt? The answer for some is to consider what I term a “workout”. As the name may imply, a workout is where one […]
How Bankruptcy and Loan Modification Filing Helped Rescue a Home
The following is a true story. I have changed names and the like to protect the privacy of the parties. That being said, this story is true and reflects how the use of both a bankruptcy and loan modification can be used to save one’s home from a pending foreclosure sale. Ms. X came into […]
Chapter 13 Bankruptcy- An Overview
Chapter 13 bankruptcy is a type of bankruptcy filed solely by individuals. It is a type of bankruptcy filing where the individual is paying some of his creditors back something. A Chapter 13 sets forth a “plan” which specifies who will be paid what per month and over what period of time. A Chapter 13 […]
Bankruptcy Code – Your Two Course Responsibilities
On October 17, 2005 the United States Bankruptcy Code underwent massive revisions. One of the changes concerned the new requirement of having to take two (2) courses as part of any bankruptcy filing. Section 109(h) of the United States Bankruptcy Code makes one ineligible to file for bankruptcy unless within the 180 days prior to […]
Information and Items needed for a Bankruptcy Consultation
You have scheduled an appointment to meet with an attorney to discuss your financial situation along with a possible bankruptcy filing. What should you expect to bring in for the meeting? For some unexplainable reason, many law offices simply schedule an appointment for you with no documents being requested. I consider this to be a […]
Chapter 13 Bankruptcy – 341A Hearing
Within a few days of your Chapter 13 bankruptcy petition being filed a 341A hearing will be scheduled. This hearing is also referred as a 341A Meeting of Creditors. The United States Bankruptcy Code 11 USC § 341 is what authorizes this hearing. As the name suggests, creditors may attend this hearing and ask questions […]
7 Signs it Might be Time File Bankruptcy
In the area of bankruptcy law there is no “one size fits all.” Some people will have a far greater tolerance in handling financial stress than others. I have filed bankruptcy for people who owed as little as a few thousand dollars and for some people who have had hundreds of thousands of dollars worth […]
Chapter 7 Bankruptcy – 341A Hearing
Within a few days of your Chapter 7 Bankruptcy petition being filed with the court, a hearing will be scheduled. This hearing is referred to as a 341A Hearing or as a 341A Meeting of Creditors. They are one in the same no matter how they are referred to. It is the Bankruptcy code at […]
What To Do When Served With A Foreclosure Complaint
In New Jersey, foreclosures remain active and is a judicially involved process. Depending on the county where you reside, it can take upwards of twelve (12) months or more to complete a foreclosure from the time of service of the foreclosure complaint to the date of the sheriff sale. So while you have some time […]
Top 9 Bankruptcy Misconceptions
Bankruptcy, like many other areas of the law, can be intimidating to some and unthinkable to others. In this digital age that we live and operate in there are a lot of places that one can find information and opinions. The purpose of this piece is to address some bankruptcy misconceptions that have arisen from […]
Understanding Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is termed a “liquidation” type of bankruptcy. This type of filing is generally used by individuals or consumers although a business may also file a Chapter 7 if it no longer intends to continue operating as a business. Exemptions In a Chapter 7 bankruptcy the person filing is required to list […]
How to Re-Establish Credit Following a Bankruptcy Filing
You’ve taken the “plunge” and filed for bankruptcy. In fact, you’ve completed your bankruptcy and have earned your discharge. You are now, relatively speaking, debt free but you are also credit poor. Following a bankruptcy, most people take the position that they will pay for everything in cash as they move forward. Put another way, […]