Bankruptcy as an Option

Find out if bankruptcy is an option for you.

Thousands of people have been through it.
It's just another form of financial transaction designed to give people a second chance for a fresh start. Don't let financial problems haunt you forever.

April 30, 2013 by Todd Murphy

Chapter 13 Avoid Foreclosure and protect other assets

If you own a home, condo, automobile, or other valuable property, you may want to file for Chapter 13 bankruptcy to protect your assets.

At Todd Murphy Law, we will help you find the right debt solution.

Contact an experienced Chapter 13 Bankruptcy Lawyer if:

you want to eliminate taxes owed to the IRS or the state of New Jersey and/or repay taxes without further penalties or interest
you want to protect your home from foreclosure
you want to recover from debt but want to protect your home
you have valuable assets you do not want to liquidate to pay off your debts
you want debt consolidation and reduction of your monthly payments
you want to prevent repossession or regain possession of your automobile that was recently repossessed
you want to eliminate a second or third mortgage
you cannot qualify to file a Chapter 7 Bankruptcy

Under a Chapter 13 bankruptcy, you can file a debt reorganization plan to pay back your debt with reasonable payments over the course of three to five years. In this way, you can protect your assets, including your car and home, while repaying your debt, because your assets are not liquidated to pay the debt. Under certain circumstances you may be able to eliminate second or third mortgages.

Restore Your Credit Through Chapter 13 Bankruptcy

Many people think that if they file for bankruptcy, they will be unable to buy a home. Once your debt is removed and you have the opportunity to rebuild your credit score, you will be eligible for several loan types. However, if you do not file, your debt will continue to accumulate, and it is unlikely you will be able to obtain a loan. Work with Todd Murphy Law to file for bankruptcy today! Start fresh so that you can start to rebuild your credit!

call 800-285-1925 for more information and to schedule a free consultation today.

March 23, 2013 by Todd Murphy

Chapter 7

Chapter 7 Bankruptcy – the total discharge.

Call Todd Murphy Today! 862-217-2361.

We are here to take your call at convenient days and time:
Mon. – Thurs. 9:00am to 8:00pm
Fri. 9:00am to 5:00pm
Saturdays 9:00 to 3:00pm

Is Chapter 7 Bankruptcy Right for You?

Are you suffering from unmanageable credit card debt, medical bills, motor vehicle surcharges, loans and certain tax debts? Chapter 7 bankruptcy may be appropriate for you.

If you are seeking to eliminate burdensome debt, stop collections, garnishments, harassment calls, repossessions, liens, attachments or account freezes, contact our experienced Chapter 7 bankruptcy lawyers. Get started on a better tomorrow today! Start over debt free. Everyone deserves a second chance!

Do not waste time and resources on debt reduction services.

Many people using profit and nonprofit reduction or counseling services spend years on service fees and still have to file for bankruptcy. Do not invest your time and resources in a futile endeavor. File for bankruptcy now and save time and money.

Chapter 7 Bankruptcy Is An Important Decision.

Filing for personal bankruptcy is an important life decision. Whether your goal is credit card liquidation, to eliminate all of your debt or save your home from foreclosure, an experienced bankruptcy lawyer at Todd Murphy Law can assist you.

Chapter 7 bankruptcy may be right for you if:

You do not have a significant amount of equity in your home
You have unmanageable credit card debt
You cannot pay your medical bills
You do not have valuable assets that you are seeking to protect
Your driving privileges have been revoked based on your failure to pay motor vehicle surcharges
You cannot pay back personal loans

You must pass a “means test” to file for Chapter 7 bankruptcy. You may be able to pass this income test and file for Chapter 7 bankruptcy even if you own a home. If you are a homeowner without a significant amount of equity, you may still be able to file for Chapter 7 debt liquidation.

If you have over a certain amount of equity in your home or in your assets, you may have to file Chapter 13 bankruptcy. We can help you determine which option is best for you.

We Make Chapter 7 Bankruptcy Fast and Easy

Do not be intimidated by bankruptcy. Our law firm can provide you with the bankruptcy information YOU need to make the right decision. If you feel the burden of financial stress, you can relieve yourself of debt and get on with your life.

Do not wait to contact us regarding this important financial matter.

Call 862-217-2361 to find out more and to schedule a free consultation.

Convenient Hours:
Mon. – Thurs. 9:00am to 8:00pm
Fri. 9:00am – 5:00pm
Saturday 9:00am – 3:00pm

January 30, 2013 by Todd Murphy

How Does Bankruptcy Help Save My Home In Foreclosure In New Jersey

Are You Facing Foreclosure? Bankruptcy Can Help.

Loan Modification, Bankruptcy, or Both?

Loan Modifications Are Frustrating To Say The Least.

Many homeowners contact their mortgage company to try to obtain a loan modification only to become frustrated by the process.

Mortgage lenders route your to a call center where you talk to a different person every time you call.

You are asked to send documents over and over. Sometimes they lose them or say they never received them. Other times, you send the documents but by the time you actually talk to someone, you are told the documents are outdated and you have to send them again – starting the wait all over.

Loan Modification Companies Don’t Help.

Most companies that say they can help you get a loan modification aren’t worth the fees they charge. A loan modification company has no more leverage than you do in obtaining a loan modification. The biggest problem is they have no way to handle the missed payments if has been more than a few months since your last payment. And, the foreclosure process continues while your company is talking to the loss mitigation department about your loan modification.

How Does Bankruptcy Help?

First, bankruptcy stops the process immediately upon filing. Nothing else does this. Next, bankruptcy permits you to stretch out re-payment of your missed payments and begin paying your mortgage again. While bankruptcy can’t force the lender to modify the interest rate or loan amount, it does help in negotiating a loan modification. Chapter 13 bankruptcy is one of the best ways to save your home from foreclosure.

Todd Murphy is a New Jersey Bankruptcy Lawyer with more than fifteen years of experience helping people get out of tough situations.

« Previous Page