Ringwood, NJ Bankruptcy Law Firms & Lawyers

There is no minimum. Prudence would dictate that a filing for less than $5,000 is probably not worth the fee. For some people, $25,000 is too low. It is all a

This is the most difficult question to answer. Do you want to keep the property? Can you afford to make the payments on the property? Will making the payments on the property be such that you are impacted and the quality of your life be reduced? The reading about bankruptcy is a good thing since what happens in a bankruptcy case varies greatly from case to case. For this reason, the books seldom give you a clear answer as to whether or what Chapter in bankruptcy to file. An experienced bankruptcy attorney who has handled a lot of cases can give you advice. This differs greatly from your friend who is knowledgeable about one or two cases and does not know if your facts are the same as the cases they are familiar with. You need to meet with an attorney who can go over your income and expenses with you and advise you if filing a bankruptcy is the right move for you. The decision to file a bankruptcy is not a simple mathematical matter. The decision to file, when to file and what chapter to file are all matters that you need to approach and discuss with an attorney prior to filing.