THE PATH TO FINANCIAL FREEDOM
BEGINS WITH A SINGLE STEP.
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Bankruptcy Solutions
Explore a fresh start with Nelson & Associates, P.C., where our experience in bankruptcy law provides a pathway to overcoming financial obstacles. Let us guide you through the complexities of debt relief and secure a brighter financial future.
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Chapter 7 Bankruptcy
Our team at Nelson & Associates, P.C., offers compassionate counsel to help you navigate the liquidation process efficiently, aiming for a debt-free life through Chapter 7.
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Chapter 13 Bankruptcy
Reorganize your debts and protect your assets with Chapter 13 Bankruptcy. Nelson & Associates, P.C., has experience in creating tailored repayment plans that fit your unique financial circumstances, offering a structured path to debt resolution.
What Our
Clients Say
Rodney Nelson has over 10 years of experience helping those with financial problems. See what our happy clients have to say.
Thank you Rodney so much for helping me and my family! He really took a bug burden off of my shoulders. He's very kind and patient and really cares about his job!
Thanks again!
Israel B.
"Life Saver" is the perfect way to describe Rodney. Words cannot explain how grateful I am for all that he has done for me and my family. I was on the brink of losing my home, but with Rodney's trusty wit and expertise he relieved our burden with such ease and finesse. The kindest and most hard-working attorney I've ever had the pleasure of working with, hands down. If you want an attorney who goes the extra mile and invests himself completely with your issues, Rodney Nelson is the way to go.
Grace
I am forever grateful that my friend referred me to Rodney. I had already paid for another lawyer, but they weren't willing to take care of the bulk of my debt. After speaking with him, he gave me options that I didn't know were available to me. He helped me get the fair value for my car; which I'm still amazed with. Thank you so much Rodney.
Shalonda
Common Bankruptcy Questions Answered
Anyone that is struggling to pay for ordinary and necessary living expenses for their themselves, family or business.
After selecting your attorney and provided all relevant financial information, the client will (a) take a credit counseling class; (b)review and sign the bankruptcy petition; (c)attend the 341 meeting which is usually 30 days after the filing of the petition (d) complete your second class (e) request a reaffirmation for any vehicles from your attorney or car dealer (f) receive your discharge in the mail. For a chapter 13 the client will additionally attend a confirmation hearing and then receive an order confirming their chapter 13 plan.
Someone can file bankruptcy with the assistance of an attorney in any Federal Bankruptcy Court. In New Jersey the courts are located in Newark, Trenton and Camden. In New York the courts are in Brooklyn, Manhattan, Central Islip, White Plains and Poughkeepsie (Additional NY courts are located in Albany).
Chapter 7 for individuals and businesses : a discharge of all unsecured debt and surrender of secured debt, without a repayment to creditors.
Chapter 13 for individuals only: a partial discharge of your debt with a repayment to your secured and/or unsecured debt over a three (3) or five (5) year period.
Chapter 11 for individuals and business: a reorganization of contractual obligations and repayment of your secured and unsecured debt.
Chapter 12 which is exclusively for farmers and partial repayment of secured and unsecured debt.
Yes. In both a chapter 7 and 13; however additional legal steps are required to prove that the debt is an undue hardship.
No. You can maintain your home in a Chapter 7 as long as you are under the exemption amount for your state and in a Chapter 13 you can pay off your arrears to keep your home and force your mortgage company to accept your payments.
Typically for a no asset chapter 7 case is 90 days. Typically for a Chapter 13 case 3-4 months.
Your credit score will begin to improve 30 days after your bankruptcy case is closed.
To avoid foreclosure, pay off arrears on your home, avoid garnishments and other legal proceedings, to discharge judgments from other courts, to avoid excessive tax repayment schedules, to maintain your business or to wind down your business, student loans are an undue hardship, a reprieve from credit card repayments at excessive interest rates or to have a FRESH START.
Regardless of filing bankruptcy, please ensure that you answer the complaint in State court to avoid a default judgement.
If you want to keep your home:
- Attempt a modification: Go to fannie mae, look up and see if fannie mae has your loan and apply for a modification and/or apply for a modification with your servicers. See if your servicers have a fast track modification program ( ask for it). See if you qualify for any of the Attorney General Settlements with your bank or servicer. You can also request loan modification with the assistance of the bankruptcy court
- File for a Chapter 13 and arrange a plan to repay the arrears that you owe to your bank without going through the modification process.
If you don’t want to keep your home
- File a Chapter 7/13 bankruptcy to surrender your home and be released from the liability of the mortgage or any shortages from a short sale. You will also need a court to ensure a proper deed in lieu work out or abandonment of the property.
The amount of legal work and time that they will commit to a client. Many clients are not familiar with how extensive and protective the bankruptcy laws can be. The Bankruptcy Bankruptcy laws continue after the client receives his/her discharge order. Bankruptcy attorneys should be versed in all matters of the bankruptcy court and bankruptcy litigation including adversary proceedings, strip off of mortgages, cram down of cars, enforcing the automatic stay, enforcing the discharge injunction and have a basic working knowledge of consumer laws such as the Fair Credit Reporting Act and Fair Debt Collection Practice Laws. We make sure that our clients are protected and creditors follow federal laws before during and after the bankruptcy process.