The New Jersey Bankruptcy Laws, following the U.S Bankruptcy laws, are under Article 8.
If you fear foreclosure or loss of mortgaged property, you must file a petition immediately to wash off the debts.
You must have proper knowledge about the entire process.
The new introductions such as the means test and the exemptions might help you.
- Within a short period, you can have your case resolved if you file a proper petition.
- You can take protection for your property.
- Chapter 7 is much more complex than Chapter 13