Daniel Straffi, a seasoned New Jersey bankruptcy lawyer at Straffi & Straffi Attorneys at Law, recently penned an enlightening article exploring the intricate landscape of New Jersey's bankruptcy laws. This comprehensive piece aims to provide a deeper understanding of these laws, offering guidance to both individuals and businesses during the challenging journey of bankruptcy.
The article starts by setting forth the firm's dedication to delivering empathetic, thorough, and honest services to all its clients. New Jersey bankruptcy lawyer Daniel Straffi underlines the firm's pragmatic and approachable style, outlining their readiness to provide various legal services in areas such as bankruptcy and family law in Brick NJ, and Toms River NJ.
In his piece, New Jersey bankruptcy lawyer Daniel Straffi acknowledges, "People make every effort to take off financial adversity in their lives. However, despite their earnest intentions and careful planning, unexpected hardships can lead to overwhelming debts." He then delves into the interconnected complexities of bankruptcy and divorce, two of life's most stressful events.
Straffi further demystifies bankruptcy law by explaining the contrasts between Chapter 7 and Chapter 13 bankruptcy, and the process of filing for bankruptcy in New Jersey. He simplifies the associated costs and prerequisites, including compulsory credit counseling and filing fees.
Straffi also explores debt relief alternatives like debt settlements that can be considered before resorting to bankruptcy. He emphasizes, "Before deciding to file for bankruptcy, it's crucial to investigate all potential debt relief options."
Regarding professional fees associated with bankruptcy, Straffi underscores the necessity of court approval prior to engaging professionals such as accountants, appraisers, auctioneers, and special counsel. He explains, "The bankruptcy court must approve the professional's fees before the debtor can pay them," referring to this process as the 'fee application'.
The article also illuminates how creditor-initiated lawsuits can be discharged in bankruptcy. Straffi points out that while some debts are non-dischargeable, many unsecured debts, including credit card debt and medical bills, can be discharged, offering substantial relief to debtors.
The piece concludes by encouraging those contemplating bankruptcy to consult a bankruptcy lawyer. Straffi & Straffi offer a free consultation and are ready to suggest alternatives that might better serve the client's situation.
In view of this, individuals and businesses wrestling with the complexities of bankruptcy law are invited to read Straffi's article and contact Straffi & Straffi Attorneys at Law for further help.
About Straffi & Straffi Attorneys at Law:
Straffi & Straffi is a New Jersey-based law firm led by father and son duo, Daniel Straffi Sr. and Daniel Straffi Jr. With a combined forty years of experience, they have been serving Central and Southern New Jersey, widely experienced in bankruptcy and family law. Their commitment to compassion, diligence, honesty, and friendliness distinguishes them, with a client-centric approach forming the cornerstone of their practice.
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Media Contact
Straffi & Straffi Attorneys at Law | Bankruptcy Attorney and Divorce Lawyer
670 Commons Way, Toms River, NJ 08755, United States
(732) 341-3800
Email: [email protected]
Website: https://www.straffilaw.com/
Additional Resources
Video: https://www.youtube.com/watch?v=hMRyN8-cwbw
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