Brenner Spiller & Archer

Will I Lose My Home, Car or Other Property if I File for Bankruptcy?

Get Answers From Our Caring NJ Bankruptcy Lawyers

Are you worried about losing your home, your car, and your other property? Our New Jersey bankruptcy attorneys can assure you: You will not lose your home or car if certain conditions are met during your Chapter 7 or Chapter 13 bankruptcy.

Brenner Spiller & Archer is a bankruptcy law firm that has been helping clients reach fresh financial futures for more than 30 years. We have helped clients throughout Central and South Jersey stop foreclosure on their homes and avoid repossessions. If bankruptcy is not your best option, we can also help you consider the possibility of a loan modification to save your home.

Helping You Keep Your Property

If certain conditions are met during and after bankruptcy, you may be able to keep your real estate, car, and other property. These conditions include:

  • You must be able to meet your house and car payments after bankruptcy. If you cannot meet those payments, your house may go into foreclosure or your car may be repossessed or liquidated.
  • You must be able to meet your other payments with the financial resources available to you. If you cannot meet all of your payments after bankruptcy, you may need to sell your home or your vehicle.

Even if you cannot meet your payments, there are other options available to you to help you keep your property. For example, you may be able to negotiate a payment plan with your creditors to help you pay back any nonexempt equity on your house or car. You may also consider negotiating with creditors for a loan modification to make payment possible.

Adjusting to Life After Bankruptcy

Making better choices is always the goal. Credit is important and will be re-established by making payments on utilities or new obligations. We are always available to answer any questions you may have.

What Property Can I Keep After Bankruptcy? Contact Our Friendly New Jersey Bankruptcy Lawyers for Answers

A bankruptcy filing does not mean that you must surrender all of your possessions. We can help you explore the options that may allow you to keep your home and/or vehicle. At Brenner Spiller & Archer, we provide friendly, caring and affordable legal services. We serve clients throughout central and south Jersey with offices in West Berlin, Mount Holly, Vineland, and Freehold.  If you need a bankruptcy attorney, call 856.329.8033 today to schedule your free consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.