Hackensack Chapter 7 Bankruptcy Lawyer

What is Chapter 7 Bankruptcy?

Chapter 7 is the most common type of bankruptcy filed by individuals, sometimes called consumers. It involves the liquidation of the filer’s non-exempt assets in order to pay off outstanding debts. Any eligible debts that are remaining are typically discharged, meaning that the filer is under no legal obligation to pay them back. In this way, Chapter 7 can provide people with a completely fresh financial start, free from the debts that were holding them back.

Most Chapter 7 Bankruptcies are Zero-Asset Bankruptcies

After reading about “liquidation,” you may be concerned that you would lose all of your important assets if you were to file under Chapter 7. Fortunately, in New Jersey, you can choose to use either state or federal exemptions, which allow you to keep certain assets from being part of your bankruptcy estate. In fact, most bankruptcies are zero-asset bankruptcies, which means that all of the filer’s assets are exempt, allowing them to obtain the benefits of bankruptcy without having to give up any assets. There are exemptions available for:

  • Your Home
  • Your Vehicle
  • Personal Property
  • Work Tools
  • Wildcard assets (you choose what to inlcude)

This is far from a complete list of exemptions, and an attorney can ensure that you take full advantage of them when filing for Chapter 7 in New Jersey.

What Kinds of Debts Can Chapter 7 Bankruptcy Eliminate?

Chapter 7 bankruptcy can be used to eliminate a wide variety of consumer debts. Some of the most common debts that people use Chapter 7 to discharge include:

  • Credit Card Bills
  • Civil Judgements
  • Medical Debt
  • Utility Bills
  • Past-Due Rent
  • Business Loans
  • Personal Loans
  • Auto Loans
  • Certain Tax Debts

Do You Need a Hackensack Chapter 7 Bankruptcy Attorney to File?

 If you are considering bankruptcy, there’s a good chance that you are trying to save money everywhere you can – which means you may be considering trying to file without a lawyer, or “pro se.” It’s important to understand that filing for bankruptcy is an extremely complicate d task, and any mistakes you make may result in the court rejecting your petition. In fact, it may even result in allegations of bankruptcy fraud, which is a criminal matter. As a result, it is highly advisable to retain an experienced attorney when filing for bankruptcy.


An Experienced Bankruptcy Attorney in Hackensack Helping Individuals Get a Fresh Financial Start


Hackensack, New Jersey, is a city of about 45,000 people that serves as the county seat of Bergen County. The history of the city dates back to the 1600s, and General George Washington used the area as his headquarters during his retreat in 1776. Hackensack is well-known for diverse neighborhoods that are in close proximity to one another, and it is home to a highly regarded medical center and various nationally-recognized academic institutions.

As great as it can be to live and work in Hackensack, people here experience financial trouble just like anywhere else. Bankruptcy helps many consumers find financial relief when they face overwhelming debt. If you are struggling to make your payments or face legal action from creditors, you should discuss your options with a Chapter 7 bankruptcy attorney in Hackensack. Attorney Jay L. Silverberg works with clients in many different situations and helps them obtain a clean financial slate through the bankruptcy process.

Call Silverberg Law Firm LLC Today to Schedule a Free Case Evaluation with a Chapter 7 Bankruptcy Attorney

If you are having trouble keeping up with your bills and feel like you’re stuck in a never-ending cycle of debt, you should call attorney Jay L. Silverberg today. Mr. Silverberg has been helping individuals considering bankruptcy for more than 30 years and has the skill and experience necessary to help you obtain the full benefit of U.S. bankruptcy laws.

To schedule a free appointment with Mr. Silverberg, call us today at (201) 252-7000 (New Jersey) or (212) 687-7000 (New York). You can also reach us through our online contact form.  We have a convenient location at 2 University Plaza Drive, Suite 100 PMB 1026, Hackensack, New Jersey 07601.

Request Your Free Consultation Today

Our firm proudly practices bankruptcy law and is considered a debt relief agency under federal law. We help people file for bankruptcy relief under the United States Bankruptcy Code.

Call: 1-201-252-7000


New York
(by appointment only)

New Jersey Address:
Silverberg Law Firm, LLC
2 University Plaza Dr,, Ste. 100 PMB 1026, University Plaza Dr, Hackensack, NJ 07601


Meeting Locations Available Throughout North NJ by appointment Only

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