When should I consider filing for bankruptcy in New Jersey?

NJ Bankruptcy Law FAQ

Q) When should I consider filing for bankruptcy in New Jersey?

A) You may wish to consider filing for bankruptcy protection in the event that you are experiencing any of the following:

  • Wage garnishment as a result of a judgment entered against you
  • Your bills are unlikely or impossible to be repaid in the foreseeable future
  • A creditor is threatening either foreclosure or repossession of an asset that you own
  • A collection agency has been harassing you with threats of a lawsuit to recover debt you owe

Next > What types of debts are not dischargeable under a Chapter 7 bankruptcy?

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