Since 1993, The Turoci Bankruptcy Firm has assisted its devoted customers with the bankruptcy process. Todd Turoci founded this company 30 years ago after realizing the need for a competent bankruptcy attorney who focuses solely on this crucial and challenging legal subject in the Montclair area. Mr. Turoci has extensive knowledge in all facets of bankruptcy law and is always researching new strategies to help his clients. After serving as a bankruptcy judge for more than 20 years, Meredith Jury joined our highly experienced team. Together, Turoci, Jury, and the rest of their staff make up a formidable team with the capacity to assist and advise customers through any monetary difficulty or civil litigation issue. Our outstanding paraprofessionals, who we believe to be the greatest in their industry, perfectly round out our team.
Our locally owned and locally operated firm is fully licensed, bonded, and insured. As fellow Montclair residents, we are able to help our local clients in a unique way and guide you through one of the most stressful and uncertain situations of your life. A reputation of excellence precedes us, and we welcome the chance to demonstrate to you how we differ from other bankruptcy law firms in Montclair. It’s time to get in touch with us and arrange a free consultation with a knowledgeable and experienced bankruptcy lawyer at the Turoci Bankruptcy Firm, whether you want to meet with one of our attorneys to discuss your best options, have been researching bankruptcy but are unsure of how to proceed, or are fully prepared to start the process.
Although everyone has heard of bankruptcy, most people are unaware that there are numerous different bankruptcy chapters. Each chapter is distinct from the others in its own specific ways, and some are more frequently filed than others – for instance, chapters 7 and 13 are the two most common. It’s a good idea to recognize the distinctions for yourself, even though your skilled Montclair bankruptcy attorney will assist you in choosing the chapter that makes the most sense for you.
You can eliminate debt through Chapter 7 bankruptcy by relinquishing your possessions or other assets to your creditors. This kind of bankruptcy enables you to completely wipe all your debt clean, regardless of whether you’re having trouble paying your medical bills, utility bills, civil court judgments, rental lease, personal loans, credit cards, or collection agency debt. When you’re drowning in debt and you don’t have a plan, bankruptcy probably sounds like a great plan. But it’s essential that you work with a knowledgeable Chapter 7 bankruptcy attorney who can guide you through the process. Very specific facts must be carefully considered, and some borrowers might be able to find an alternative method of debt relief instead of declaring bankruptcy.
The entire bankruptcy process can become stressful in a hurry. The first step is filing a petition. This document goes into detail about all your debts and possessions. You will have a meeting in court with your creditors, where a trustee will negotiate with the creditors and try to protect your assets, and debt discharge should take place within three months. After your bankruptcy is finalized, those debts and bills will be eliminated and you will no longer be held liable for any of them. Your Chapter 7 bankruptcy lawyer will gladly help you determine whether or not Chapter 7 bankruptcy is the best choice, discuss all the pitfalls and benefits with you, and guide you through every part of the process.
Finding a licensed bankruptcy specialist to represent you during the Chapter 13 bankruptcy process is important. Additionally, you’ll need a Chapter 13 bankruptcy lawyer who can assist you in preserving as much of your assets as you can so that you don’t fall victim to unscrupulous debt collectors’ traps. Chapter 13 bankruptcy prevents foreclosure, aids in the gradual repayment of debts, halts creditor harassment, and finally dismisses your debt so you can resume a low-stress life.
The process of filing for Chapter 13 bankruptcy entails multiple phases. Your dependable Chapter 13 bankruptcy attorney will be there for you throughout the entire process, from gathering financial information to submitting applications to appearing in court and much more. We won’t let you get mired down in the legalese and paperwork associated with bankruptcy because your knowledgeable Montclair bankruptcy lawyer and our welcoming team will address all of your concerns and offer you all the assistance you require. We sincerely want to be of assistance, so we won’t allow you to become stressed, hopeless, or confused.
Through a Chapter 9 bankruptcy, a large group of people, or “municipality,” attempts to restructure the management of their debts. In most cases, deadlines are extended to accommodate debt refinancing or payback. In some cases, the principal sum or the rate of interest may also be reduced. Assets aren’t liquidated during a Chapter 9 bankruptcy, and everyone in the affected city, tax district, county, school district, or town can access legal counsel and find a workable plan to handle and pay off their debts.
Without the assistance of an experienced Chapter 9 bankruptcy lawyer, the process of filing for Chapter 9 bankruptcy and getting out from under your debt burden can be a difficult one. The debt will be discharged once a number of conditions have been satisfied, such as approval of the repayment plan and debt management plan, a court’s determination that the securities will be sufficient to satisfy the debtors’ obligations, and the receipt and distribution of their deposit by a court-appointed representative. This multi-step process can be made simple, manageable, and uncomplicated when your trusted Chapter 9 bankruptcy attorney from the Turoci Bankruptcy Firm joins the fight.
For a very specific set of business owners, Chapter 12 bankruptcy may be a fantastic solution. This chapter can be a good choice for you if you manage a family agricultural or fishing business. People and families can create a realistic debt repayment plan through Chapter 12 bankruptcy that provides more tolerable payments over a longer period of time. After the bankruptcy is finished, foreclosure threats and creditor calls will stop, and all outstanding debts will be forgiven, allowing a fresh start. Considering that only a very small percentage of business owners qualify, a knowledgeable Chapter 12 bankruptcy lawyer can help you determine your eligibility.
If you’re considering declaring bankruptcy, you might not know where to begin, particularly if you also have a challenging agricultural or fishing operation to run. In order to help you achieve financial independence, your Chapter 12 bankruptcy attorney will handle all the difficult aspects of the process, address all of your questions, help you choose whether filing is the right course of action for you, and lead you through every step of the process.
Chapter 11 bankruptcy might be the best choice for a company (or an individual fulfilling specific requirements) that wishes to avoid liquidation, get an extension on their payment plan, or split payments into more manageable chunks. With this kind of bankruptcy, the debtor can continue to manage their debt while maintaining their freedom and property. Finding an experienced Chapter 11 bankruptcy lawyer is crucial since this type of bankruptcy requires a lot of time, effort, and understanding of complicated legal terms.
Chapter 11 bankruptcy is unlike any other type, but the best bankruptcy attorney near you will be right there to explain everything you need to know. Obligations are reorganized in this kind of bankruptcy to make them easier for your business to manage. The process might seem easy and basic on the surface, but a lot of planning and debt restructuring must actually take place. Consultation with a Chapter 11 bankruptcy attorney is essential because we can help you navigate all the other bankruptcy processes, including creditor meetings, reorganization plan proposals, hearings, payment plan initiation, and finally, getting your company back to its regularly scheduled daily operations. We can also provide you with advice, help you compile and organize documents, collaborate with you to submit a petition, and guide you through the entire process.
For the most reliable and compassionate bankruptcy lawyer near you, call the Turoci Bankruptcy Firm at 951-784-1678.