New Jersey Bankruptcy Attorneys
Personal and Business Bankruptcy Filings – Chapters 7 and 13 Bankruptcy

Are you tired of phone calls from creditors? Is the risk of foreclosure taking its toll on your family? Is your business strapped with bills that are suffocating your ability to operate at a profit? There is help available. At Klafter & Mason, L.L.C. we provide debt counseling and legal assistance to people who are saddled with overwhelming personal or business debt. Our central New Jersey law firm represents clients in Chapter 7 and Chapter 13 consumer and business bankruptcy matters.

Get a fresh start

If you are considering bankruptcy, call our Monmouth County law office to learn about the benefits and drawbacks of a personal bankruptcy filing. With the new laws, effective as of October 2005, you need an experienced bankruptcy attorney who is familiar with these expansive changes and how those changes will impact your particular situation.  Contact a New Jersey bankruptcy lawyer.

Debt relief lawyers at Klafter & Mason, L.L.C. serving New Jersey individuals and businesses

Our law firm provides effective legal counsel for individuals, families and businesses who are need assistance with unmanageable personal debt and the problems it brings.

Stop phone calls from harassing creditors · Stop foreclosure

Do you need federal bankruptcy protection?

We encounter people from all walks of life who, for one reason or another, require protection from creditors. Our clients seek debt relief as a result of mounting financial burdens. Some people come to us for bankruptcy information following major changes in their life:

• lost income – layoff, dramatic decrease in sales commissions, economic downturn
• medical bills – resulting from serious accident injuries and unexpected illness
• divorce settlements – resulting in increased expenses; child support, alimony

Many people are surprised to find themselves in this situation. Others are uncomfortable talking about their financial situation with family and friends. Our law office in Manalapan, New Jersey, provides a comfortable, non-judgmental environment for people to discuss their needs for debt relief. The experienced bankruptcy attorneys at Klafter & Mason, L.L.C. handle personal and business Chapter 7 and Chapter 13 bankruptcy filings:

Chapter 7 ‑ Debt Discharge

This option is designed for debtors who cannot possibly repay their debts given their income and other factors identified in the new bankruptcy laws. Chapter 7 bankruptcy puts an immediate stop to harassment from creditors and allows complete discharge of personal debt. Contact a New Jersey bankruptcy lawyer to determine if your house or car be exempted and retained even after a Chapter 7 bankruptcy filing.

Chapter 13 ‑ Debt repayment

Under Chapter 13 a debtor can protect all of their assets from creditors and establish a workable repayment plan. Like other bankruptcy options, this option provides immediate protection from creditors. Homeowners can benefit from Chapter 13 protection if their home is under threat of foreclosure.

Changes in Federal Bankruptcy Law

Before the Bankruptcy Abuse and Consumer Protection Act of 2005 went into effect in October 2005, there was a great deal of discussion in the press and among professionals about the dramatic impact it would have on debtors. In fact, although the new Act provided substantial changes in some areas, provided a debtor qualifies for a chapter 7 proceeding under the new means test analysis, very little has changed for New Jersey debtors who qualify for chapter 7. Many people who consider bankruptcy will find they still qualify for debt relief under the current law, whether by means of a chapter 7 liquidation or a chapter 13 repayment plan. Our New Jersey bankruptcy lawyers can explain the impact of the new law on your personal bankruptcy filing situation.

If you have questions about the protections a bankruptcy filing could provide for you and your family, contact an experienced New Jersey bankruptcy lawyer. . We offer free initial consultations to families and individuals struggling with overwhelming debt.

We are a debt relief agency. At Klafter & Mason, L.L.C. we help people file for bankruptcy relief under the Bankruptcy Code.