How To File for Bankruptcy and Keep Your Car - Daniel Straffi

BSPE Legal Marketing Podcast

From Straffi & Straffi Attorneys at Law - In this episode, we discuss "How To File for Bankruptcy and Keep Your Car" and offer insights into the options available for those navigating bankruptcy proceedings in New Jersey. We cover the key distinctions between Chapter 7 and Chapter 13 bankruptcy, explaining how each approach can impact your ability to retain ownership of your vehicle. Listeners will gain a clearer understanding of the state and federal exemptions that could protect their car, and the strategies available for maximizing these protections.
We also break down the eligibility requirements for both Chapter 7 and Chapter 13 bankruptcy in New Jersey, including the means test and debt limits involved. Understanding these requirements is crucial for those considering bankruptcy as a path to financial recovery while aiming to keep essential assets like a vehicle. Our discussion provides practical steps for determining which bankruptcy chapter aligns best with your financial situation and goals.
Additionally, the episode delves into managing car loans during bankruptcy, exploring options such as reaffirmation, redemption, and surrender. We explain how each option works and its potential implications for individuals facing bankruptcy in New Jersey. The goal is to equip listeners with the knowledge needed to make informed choices regarding their car and overall financial stability during the bankruptcy process.
Tune in to learn more about protecting your assets and car ownership when filing for bankruptcy in New Jersey. Straffi & Straffi Attorneys at Law is here to help guide you through the process. Contact our New Jersey bankruptcy lawyers today at [phone] for a consultation and take the first step toward securing your financial future.
Straffi & Straffi Attorneys at Law
670 Commons Way, Toms River, NJ 08755, United States
[phone]
https://www.google.com/maps?cid=18340758732161592314