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 Whippany, New Jersey | New York, New York
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Chapter 7

Chapter 7

At Helfand & Associates, our bankruptcy lawyers file numerous Chapter 7 bankruptcies for couples and individuals living in local towns such as Morristown and West Orange in Morris and Essex Counties, respectively. Of course, our attorneys handle bankruptcy cases for clients throughout New Jersey.

To qualify for Chapter 7, Congress created the median income test and Means Test. These tests are based on the last six months of household income, immediately prior to filing of a Chapter 7 bankruptcy. The income includes all sources. If your income falls under the median income number, you will automatically qualify for a Chapter 7. However, if this is not the case, many individuals still qualify by analyzing their income and expenditure using the Means Test. It is a budgetary analysis for the district where the individual resides.

At Helfand & Associates, we are careful to prepare and make your bankruptcy very smooth. It takes work and proper documentation, but it is important that your case be handled carefully and with detail. Bankruptcy can be complex. Our Chapter 7 bankruptcy attorneys inform the clients about limitations to discharge, fraud, taxes, student loans and domestic support obligations. Residents living in towns like Morristown, as well as West Orange, file bankruptcy in the Federal Court in Newark.

Bankruptcy can help individuals during tough situations. The Bankruptcy, Chapters 7, 13 and 11, can stay repossessions, evictions, sheriff’s sales, and levies from judgment. If your house is in foreclosure or underwater, you can be relieved of the debt to the mortgage company. If you have credit card debt or medical bills and you just cannot catch up, bankruptcy can help. It is a legal option that works and provides great relief.

The Chapter 7 discharge applies to individuals, not to corporations and partnerships; although these entities can file Chapter 7. Bankruptcy is a temporary setback, not a permanent situation. You can file a Chapter 7 bankruptcy and still obtain credit after the filing. Certainly, your credit can and will be impacted by the Chapter 7 or other bankruptcy filing, but it can be repaired. You can get out from under the heavy burden of foreclosure, credit card, or medical debt, or a home underwater and get a fresh start.

At Helfand & Associates, we are sensitive to the fact this is not what you want to do, but it is something that makes a lot of sense in today’s economy. Take some time to meet with the attorneys of Helfand & Associates to see what your options are. They may be much better than you think. Make informed decisions about your debt and your future. It is a business decision and provides a lot of relief.

Please call our office at (973) 428-0800 or contact us online for a free 1/2 hr. consultation if you have any questions.

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Our Offices
  • Whippany Office
    575 Route 10 East
    Suite 1
    Whippany, New Jersey 07981
    Phone: 973-428-0800
    Fax: 973-428-0830
  • New York Office
    420 Lexington Ave.
    New York, New York 10170
    Phone: 646-213-9053
Testimonials
  • "Without Tanya and her time, the really unpleasant experience of getting divorced would have been even worse. They were able to settle the matter very quickly and helped me fit this into my tight schedule allowing me to leave to move abroad for my dissertation research on time without having to delay the trip because of the divorce. They also did all of it within my very tight budget. Thank you so much for your help and dedication to my legal matter!"  - AG

  • "Tanya and her Associates are outstanding! What I admire most about Tanya is her knowledge of the law with her keen negotiation skills to foster mediation. Her strategies efficiently resolve conflict leading to the resolution of cases. She and her team have an outstanding work ethic, know what data are needed, and get the job done. It is a pleasure to work with such wonderful professionals."  - Tara, Whippany

  • "I found Ms. Helfand's knowledge and tenacity most reassuring during the ordeal of my divorce. She was steadfast in her guidance and was very effective in her negotiations on my behalf. I would recommend her without a second thought. "  -Jonathan

  • "Ms. Helfand was very professional and helpful with our bankruptcy case. Her advice was very useful and helped us make the proper decisions for our situation. In addition, she was very supportive during a very difficult time for us. Finally, she set very specific fee expectations and there were no surprises when it was completed. I would use her services again and would recommend her, without question."

  • "She is Incredible, very quick responding to the other party. Very professional and courteous. I highly recommend her. She has a great passion and love for every single case."

  • "Tanya and her team were very professional handling my divorce proceedings. She was very proactive in making the other attorney finally get the process moving forward. I would recommend her to anyone looking for legal services. "  -Scott

  • "Ms. Helfand strategized & processed, both, my Divorce & Chapter 13 Bankruptcy. As both cases were emotionally and legally challenging, Ms. Helfand proved to be an empowering Mentor along the path to clarity for which I am truly grateful. I highly recommend her legal expertise to anyone who is seeking a confident, savvy & caring attorney to become at peace with self and any legal matters."  -Vas

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