Bankruptcy FAQs

South Jersey Bankruptcy Lawyer

Frequently Asked Questions about Bankruptcy

When you are struggling to meet your financial obligations, it can feel like your life is spinning out of control. You may jump every time the phone rings or get a knot in your stomach when you have to go to the mailbox. It’s time to take back control of your life. The attorneys at Neuner & Ventura, LLP, have the experience, knowledge and skill to get you back on track.

At Neuner & Ventura, LLP, we have provided sound and comprehensive bankruptcy counsel to individuals and businesses in South Jersey for over 30 years. Attorney Steven R. Neuner is certified as a business bankruptcy lawyer by the American Board of Certification. He has also served as a bankruptcy trustee since 1993. We understand that your situation is unique and will take the time to help you find solutions that meet your specific needs. We are committed to keeping you fully informed of all developments in your case so that there are no surprises.

For a free initial consultation, contact our office online or call us at (856) 596-2828 .

Answers to Your Frequently Asked Questions about Bankruptcy

  • What hearings or proceedings must I attend as part of a bankruptcy filing?
    • In all likelihood, you won’t have to appear or testify in court, but you will be required to attend what is called a “First Meeting of Creditors.” This meeting is conducted by the bankruptcy trustee, who asks questions about assets and other financial matters. Creditors may come and ask questions, but this seldom happens. Typically, this is the only appearance you will have to make during the process unless a creditor challenges your attempt to discharge a debt. It is extremely important, however, that you attend this meeting as it can have a significant impact on how quickly and effectively your bankruptcy is completed and you can start over again.
  • Will I lose all my property if I file for bankruptcy?
    • No. If you file for a Chapter 7 bankruptcy, you will be able to claim certain items of property as exempt from sale or liquidation, including a certain amount of the value in your home, car and other personal property. If you seek protection under Chapter 13, you will be allowed to keep your property and make new payment arrangements with your creditors. You must, however, honor your new commitments to creditors to retain the protection of the bankruptcy laws.
  • Are there debts that cannot be discharged in a Chapter 7 bankruptcy proceeding?
    • Yes. Child support and alimony arrearages are not subject to discharge. In addition, most tax obligations and student loan payments may not be discharged in bankruptcy.
  • Will a bankruptcy ruin my reputation or cost me my job?
    • While a bankruptcy filing is on the public record, there are generally so many filed that the filings typically only appear in legal publications. In addition, many famous and ultimately successful people have filed for bankruptcy. The federal bankruptcy laws protect employees from employers discriminating against them in employment decisions based on bankruptcy filings, with limited exceptions such as for people who have security clearances or are bonded.

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Contact Neuner & Ventura, LLP

Take that important first step to get your financial life under control. Call Neuner & Ventura at (856) 596-2828 or send us an e-mail to schedule an appointment. There is no charge for your first consultation. However, we reserve the right to charge a fee to review any work done by another attorney. Evening and weekend appointments can be scheduled upon request.

*Free consultation for individuals and most small businesses. A follow up meeting may be required. We reserve the right to charge for consultations involving review of existing cases, divorces or litigation.


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