1114 Goffle Road, Suite 203, Hawthorne, NJ 07506. Tel: (973) 423-4472
If COVID-19 has impacted your finances negatively during the last couple of months, you are certainly not alone. There are important steps that you can take to minimize the damage while also alleviating the financial strain that this trying time has caused so many to endure.
Here at Acquaviva Law Offices, LLC, we will guide you through this important process and provide you with the expert care you need while making these important decisions regarding your finances and expenses.
Below is a detailed list of options which could provide you with the best possible outcome for your individual financial circumstance(s).
Have you incurred debt that you just cannot afford to pay off but are still working full time?
Do you believe that you just may not qualify for the extreme relief of bankruptcy?
Are you uncomfortable with the idea of filing a bankruptcy but just cannot afford to cover your expenses/bills?
If the answer to any of these questions is YES then debt negotiation may be the option for you.
During the process of debt negotiation, our staff will review your debt in detail and put together a plan (on a per bill/expense basis) for which you feel is a comfortable number that you can pay to satisfy the debt. Our staff contact each and every debt collector and attempt to enter into negotiations with the end goal of lowering the amount owed or eliminating the debt all together.
Chapter 7 Bankruptcy (Liquidation Bankruptcy):
Have you been laid-off or furloughed during the COVID-19 pandemic?
Does your debt far outweigh your assets/monthly income?
Do you feel that there is no possible way to pay off your debt based upon your current income?
If the answer to any of these questions is YES, filing for a chapter 7 bankruptcy might be the remedy you need to pull yourself out of the financial hole and "make a new start".
Our staff will review your debt, income, assets, expenses, credit reports, and tax returns to make sure that you qualify for a chapter 7 bankruptcy. If we determine that you qualify, our staff will walk you through the process from the filing of your petition to the ultimate discharge of all unsecured debt. If you is overwhelming you every day, if you are discharged, your bills will be gone.
Chapter 13 Bankruptcy (Repayment Plan Bankruptcy):
Are you still employed but your debt is controlling your financial freedom?
Is your debt attached to a home or automobile that you want to keep?
Are you at risk of foreclosure/eviction?
Do you feel you are making too much money monthly to file for a Chapter 7 Bankruptcy?
If the answer to any of these questions is YES then a Chapter 13 bankruptcy filing may help you solve all of the questions and insecurities.
Much like a chapter 7 filing, our staff will review all of the appropriate information at length in an attempt to liquidate unsecured debt while putting together a plan to repay your nondischargeable claims/debt at a rate in which you can comfortably afford. After the 3-5 year repayment period and all payments have been satisfied, your dischargeable debt will be liquidated.
DON'T LET COVID-19 DISCOURAGE YOU!
Let our staff walk you through this difficult process and help you get your life back.