Bankruptcy Lawyer New Jersey | SRIS, P.C.
Bankruptcy Lawyer New Jersey — What Are Your Debt Relief Options?
If overwhelming debt from medical bills, credit cards, or job loss is threatening your financial stability in New Jersey, a Bankruptcy Lawyer New Jersey from Law Offices Of SRIS, P.C. can provide a legal path forward. Filing for bankruptcy under Chapter 7 or Chapter 13 of the U.S.
Understanding Bankruptcy Law in New Jersey
Bankruptcy is a federal legal process designed to help individuals and businesses eliminate or repay their debts under the protection of the bankruptcy court. In New Jersey, as in all states, bankruptcy cases are filed in the United States Bankruptcy Court for the District of New Jersey. The process is governed by Title 11 of the United States Code, commonly known as the Bankruptcy Code. The primary goal is to provide a fresh start for honest debtors while ensuring creditors are treated as fairly as possible under the circumstances.
Last verified: April 2026 | U.S. Bankruptcy Court for the District of New Jersey | New Jersey Legislature
Founded in 1997 by former prosecutor Mr. Sris, Law Offices Of SRIS, P.C. brings a strategic, detail-oriented approach to financial legal matters. Our background in accounting and information systems provides a distinct advantage in analyzing complex financial situations common in bankruptcy cases.
Official Bankruptcy Resources
For the official text of the law, refer to the U.S. Code, Title 11 (Bankruptcy) maintained by the Legal Information Institute. For local court procedures and forms, visit the U.S. Bankruptcy Court for the District of New Jersey website.
The Bankruptcy Process in New Jersey Courts
Filing for bankruptcy in New Jersey involves a multi-step process with strict deadlines. The court requires full disclosure of all assets, debts, income, and expenses. A key local procedural fact is that New Jersey has its own set of exemptions—state laws that determine what property you can keep in a Chapter 7 bankruptcy, such as a portion of home equity, personal belongings, and retirement accounts. Understanding how to apply these exemptions correctly is critical to protecting your assets.
- Consultation & Analysis: Meet with a Bankruptcy Attorney New Jersey to review your financial situation, discuss Chapter 7 vs. Chapter 13, and determine if bankruptcy is your best option.
- Credit Counseling: Complete a mandatory pre-filing credit counseling course from an approved agency.
- Prepare & File Petition: Your bankruptcy law firm New Jersey will prepare the lengthy petition, schedules, and statements, then file them with the bankruptcy court, triggering the “automatic stay” that stops most collection actions.
- Meeting of Creditors (341 Meeting): You will attend a meeting with the court-appointed trustee and any creditors who choose to appear, where you’ll answer questions under oath about your paperwork.
- Financial Management Course: Complete a post-filing debtor education course before your debts can be discharged.
- Discharge or Plan Completion: In Chapter 7, receive a discharge order wiping out eligible debts. In Chapter 13, make plan payments for 3-5 years before receiving a discharge.
Potential Outcomes and Considerations
In New Jersey, filing for bankruptcy can lead to the discharge of unsecured debts like credit cards and medical bills, but has specific consequences for secured debts, your credit score, and certain assets.
| Chapter | Primary Purpose | Typical Timeline | Impact on Assets | Credit Report Impact |
|---|---|---|---|---|
| Chapter 7 | Liquidation & discharge of unsecured debt | 3-6 months | Non-exempt assets may be sold by trustee | Remains for 10 years from filing date |
| Chapter 13 | Reorganization & repayment plan | 3-5 year payment plan | Allows you to keep assets like your home | Remains for 7 years from filing date |
Results may vary. Prior results do not aim for a similar outcome.
Why Choose Our Firm for Your Bankruptcy Case
Law Offices Of SRIS, P.C. was founded in 1997 and brings a combined 120+ years of legal experience to each case. Our “Advocacy Without Borders” philosophy means we provide dedicated, full representation. We understand that financial distress is stressful, and we focus on providing clear, practical legal advice to help you regain control. Our background in financial systems allows us to meticulously analyze your situation and advocate effectively for your fresh start.
Our Approach to Bankruptcy Cases
Our bankruptcy law firm New Jersey focuses on thorough preparation and client education. We begin with a detailed analysis of your debts, assets, income, and goals to determine if Chapter 7, Chapter 13, or a non-bankruptcy alternative is most appropriate. We then guide you through every step—from the mandatory credit counseling to preparing the voluminous petition, representing you at the 341 meeting, and dealing with any creditor objections. Our goal is to handle the legal process efficiently to achieve the debt relief you need.
Local Service for New Jersey Residents
Law Offices Of SRIS, P.C.
44 Apple St, 1st Floor
Tinton Falls, NJ 07724
Toll-Free: (888) 437-7747 | Local: (609)-983-0003 | Local: (732) 651-9900
By appointment only.
Our Tinton Falls location serves clients across Monmouth County, Ocean County, Middlesex County, and surrounding areas. We are accessible via the Garden State Parkway and Route 18. If you are searching for a bankruptcy lawyer near New Jersey courts in Newark, Trenton, or Camden, we offer 24/7 phone consultations to discuss your case. We also serve clients from neighboring communities like Red Bank, Asbury Park, Freehold, and Long Branch. Meetings are held by appointment only, with 24/7 phone availability for initial consultations.
Frequently Asked Questions
Will I lose my house and car if I file for bankruptcy in New Jersey?
Not necessarily. New Jersey’s exemption laws and Chapter 13 protections often allow filers to keep their primary home and vehicle. It depends on your equity, the type of bankruptcy filed, and whether you are current on payments. A Bankruptcy Attorney New Jersey can analyze your specific situation.
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 is a liquidation bankruptcy that can discharge unsecured debts quickly, but a trustee may sell non-exempt assets. Chapter 13 is a reorganization bankruptcy where you repay a portion of your debts over 3-5 years through a court-approved plan, typically allowing you to keep all your property, including your home.
How long does bankruptcy stay on my credit report?
A Chapter 7 bankruptcy remains on your credit report for 10 years from the filing date. A Chapter 13 bankruptcy remains for 7 years from the filing date. The impact on your credit score lessens over time, and you can begin rebuilding credit soon after your case is filed.
Can all my debts be wiped out in bankruptcy?
No. While credit card debt, medical bills, and personal loans are typically dischargeable, certain debts are generally not eliminated. These include most student loans, recent taxes, child support, alimony, and debts incurred through fraud. A bankruptcy lawyer can review which of your specific debts may be discharged.
What is the “means test” for Chapter 7?
The means test is a formula that compares your average income over the last six months to the median income for a household of your size in New Jersey. If your income is below the median, you qualify for Chapter 7. If it’s above, further calculations are required to determine eligibility.
For more information, see our pages on New Jersey Criminal Defense or New Jersey Family Law. To explore other locations, visit our New Jersey legal services hub.
Last verified: April 2026. Laws and procedures change. For the most current guidance regarding bankruptcy in New Jersey, contact Law Offices Of SRIS, P.C. at (888) 437-7747.
Under N.J. Stat. § 14A:1-1, state law governs this practice area.