The attorneys at Gillman Bruton & Capone are experienced New Jersey Bankruptcy attorneys who have represented clients in Chapter 7, Chapter 11, and Chapter 13 New Jersey Bankruptcy cases since 1981.  While the laws may change, our commitment to providing our New Jersey Bankruptcy clients with honest advice does not.   By focusing our practice on representing individuals and Small Businesses experiencing serious debt problems, Gillman Bruton & Capone are New Jersey Bankruptcy lawyers who can help you learn your legal rights and use the laws that protect you to get a fresh start by eliminating or restructuring your debts.

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Personal Bankruptcy

Let us help you take control of your finances

Facing your bankruptcy issues is your first step to peace of mind.

In over twenty five years of practicing bankruptcy law, we have seen what money concerns do to people.

The one image we’ve seen often is the sight of panicked clients coming to our office for the first time. Often they’re carrying a shopping bag full of three months worth of unopened bills. They tell us they could not face what they owed. They tell us about their sleepless nights. They tell us they’ve given up. They tell us they feel like crawling into a ball. They hope this will all go away. Some clients come without shopping bags because they’ve thrown out those bills altogether.

It’s powerful stuff. Some of these people tell us it has taken them four of five months even to admit they have a serious problem. Like ostriches with their heads in the sand, they don’t want to face their biggest fear, which is losing their homes to foreclosure. But your problem is not going to go away unless you address it.

If you have found this web site, you may be in the same predicament. How did it all start? Often, it started because of a single traumatic event. It might have been the loss of a job, a divorce, or your child’s illness. The decrease or absence of income for even a short time can suddenly create a downward spiral. Even the most financially responsible individuals can find themselves in a financial tailspin.

If you’re living this nightmare and don’t know where to turn, you’ve come to the right place. We can and want to help you.

The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13.  In the 12-year span from October 1, 2005 to September 30, 2017, about 12.8 million consumer bankruptcy petitions were filed in the federal courts. Of those, 8.7 million–68 percent–were filed under Chapter 7, and 4.1 million– 32 percent–were filed under Chapter 13 . Nonbusiness filings (i.e., filings involving mainly consumer debt) constituted 97 percent of all Chapter 7 bankruptcies and 99 percent of all Chapter 13 bankruptcies. As much as 65% of all U.S. consumer bankruptcy filings are Chapter 7 cases.  In 2018, more than 60% of all consumer bankruptcy filings in New Jersey were Chapter 7 cases.

Bankruptcy offers an individual a chance to start fresh by forgiving debts that simply cannot be paid while offering creditors a chance to obtain some measure of repayment based on what assets are available. In theory, the ability to file for bankruptcy can benefit an overall economy by giving persons and businesses another chance and providing creditors with a measure of debt repayment.

Personal bankruptcy filings in the United States can fall under one of several chapters of the Bankruptcy Code, Chapter 7 (which involves liquidation of assets) and Chapter 13 (debt repayment with lowered debt covenants or payment plans).   While more common in business cases, an individual meeting the debt limits may also file a Chapter 11 Bankruptcy.   There are also bankruptcy options available to businesses via a Business Bankruptcy.

Bankruptcy cases may also be effective ways to address some of the following other debt problems such as Personal Tax Obligations and Divorce and Matrimonial Debt Issues.

Additional Personal Bankruptcy Resources:

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Business Bankruptcy

Let GBC help you gain peace of mind

Many Small Business owners who are faced with serious debt problems and the pressures of the challenging economy have considered a business bankruptcy.    Gillman Bruton & Capone have been representing Small Businesses and their owners in New Jersey business bankruptcy and other proceedings since 1981.  Whether the business debt problems are a single creditor suing you and the business in a lawsuit or a pile of accumulated debt, it is important to consult with an experienced New Jersey business bankruptcy attorney to learn your rights and review all of your options to protect you and your small business.

When we meet with a Small Business client facing mounting debt and considering a New Jersey business bankruptcy, we review all of their options, including personal bankruptcy options.

Caution

In our experience, one of the most common errors we see our Small Business clients make is waiting to consult an attorney experienced in small business debt issues. Small business owners assume that they don’t need to consult an attorney until things are “much worse” or feel that attorneys who are experienced in Small Business Debt will force them to close or cost too much. We have assisted many Small Business owners in all stages of business debt and believe that it is never “too early” to consult an experienced attorney to know your rights, options, and to be able to make the best business decisions. Your creditors have attorneys.   Small business owners need one too.

Additional Business Bankruptcy Resources:

Bankruptcy Resources

No more sleepless nights. Let GBC help you

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