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Chapter 11 Bankruptcy Lawyer New Jersey

Read this infographic to know how chapter 11 bankruptcy process can help you get relief from your debts and achieve your personal and financial goals. For more information call our Liberty Corner Chapter 11 Bankruptcy Lawyer at (908)350-7505.

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Chapter 11 Bankruptcy Lawyer New Jersey

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  1. Chapter 11 Bankruptcy Lawyer New Jersey Chapter 11 bankruptcy is the form with which people are most familiar as it routinely makes the news when corporations like General Motors or K-Mart are in financial trouble. Partnerships and corporations usually file Chapter 11. Eligibility Requirements for an Individual Chapter 11 Chapter 11 is often the best option for individuals who have too much value in non- exempt assets that they want/need to keep for Chapter 7 and who have too much debt to qualify for Chapter 13. How Chapter 11 Bankruptcy Works All bankruptcy cases begin by the filing of a “petition for relief” in the jurisdiction where you reside or own real property. A Chapter 11 debtor is a “debtor-in-possession” and no case trustee is appointed but, instead, the debtor retains control over the process. Contact Us Lucid Law, Debt Relief Attorneys 3640 Valley Road, Second Floor, Liberty Corner, NJ 07938, USA (908)350-7505 klucid@karinalucidlaw.com karinalucidlaw.com

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