If you are struggling with debt in today's economy, filing for bankruptcy may be the most effective way to protect yourself from creditor harassment, save your home and other possessions, and gain a fresh financial start.

As an experienced Elizabeth, New Jersey Bankruptcy Attorney for over thirty years, I have successfully filed hundreds of personal and business bankruptcy petitions. My firm has been built on providing hard working, honest people with personalized and affordable legal representation to free themselves from overly burdensome personal debt.

We are dedicated to exceeding your expectations with the financial services we provide. We handle every case efficiently and cost-effectively, and find legal solutions that are consistent with our clients' personal, business, and legal interests.

Contact my firm today if you need legal assistance with any of the following:

• Chapter 7 (complete liquidation and discharge of debts)
• Chapter 13 (pay the arrears owed and retain secured property, such as real estate)
• Discharge for Debtors engaged in Business
• Expert Preparation of Bankruptcy Schedules
• Foreclosure Prevention
• Loan Modification
• Avoiding Garnishment
• Avoiding Repossession
• Stop Creditor Harassment
• Stop Lawsuits
• Erase Credit Card Debt
• Rebuild your Credit
• Court Protection

Bankruptcy is a complex and confusing area of law. A person who is considering filing for bankruptcy should consult with a qualified attorney to obtain competent guidance through the legal proceedings.

Our first bankruptcy filing was in 1979. Since then, we have handled to conclusion hundreds of bankruptcy cases in Federal Bankruptcy Court. Our staff is competent, experienced and courteous, and we are here to provide you with effective debt-relief solutions. Let us show you how we can help.

If you or someone you know needs the assistance of an experienced Elizabeth, New Jersey Bankruptcy Attorney, call Julio Sanchez today at 908-752-4364 , or complete the contact form provided on this site to schedule an initial consultation. Se Habla Espanol Y Portugues.

My firm also provides legal services related to Business Closings, Civil Litigation, Criminal Cases, Immigration Law, Matrimonial Law, Personal Injury, Real Estate, Social Security Appeals, Tenancy Cases, Traffic Offenses, and Workers' Compensation.

Practice Areas and Legal Definitions

Every year, more than 1,000,000 Americans file for protection under Federal bankruptcy laws. Although some bankruptcy claimants are deemed as credit abusers and/or considered financially irresponsible, many hardworking individuals and businesses can succumb to financial difficulty, and face irreparable economic crisis. Bankruptcy is designed as a legal option to help resolve such a crisis, and act as a financial life preserver for those drowning in debt. To discuss your bankruptcy options, or other areas of recourse that might be available to you, contact a qualified bankruptcy attorney who can advise you of your legal rights as stated under Bankruptcy Law and federal Bankruptcy courts.

Bankruptcy Laws:
Bankruptcy is a federal court process designed to help individuals and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcies can generally be described as liquidation or reorganization. Under a liquidation bankruptcy (Chapter 7), a debtor files to eliminate debt through the bankruptcy court. Under a reorganization bankruptcy (Chapter 13), a debtor files a plan with the bankruptcy court proposing how to repay creditors.

In 2005, the requirements under which a debtor could file Chapter 7 bankruptcy changed with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act.  Debtors are now required to seek budget and credit counseling within six months of filing, financial “testing” is required to determine the debtor’s capacity for debt repayment, Chapter 7 cannot be filed if the household income is greater than the median household income as deemed by the state, and state exemptions cannot be applied unless the debtor has resided at current residence for over two years.

Due to the imposed requirements for Chapter 7 bankruptcy as set forth by the new laws, debtors who were eligible to file under Chapter 7 may now have to file under Chapter 13 bankruptcy instead, in which individuals and creditors agree to a court-imposed plan that requires some or all debts be repaid over five years, with an appointed trustee assigned to monitor the repayment process. Bankruptcy filings will continue to be recorded on an individual’s credit report for seven years in the case of Chapter 13, and up to ten years for Chapter 7.

Chapter 7:
Chapter 7 cases are commonly referred to as straight bankruptcy or liquidation cases, and may be filed by an individual, corporation, or a partnership. A Chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in Chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor's property may be subject to liens and mortgages that pledge the property to other creditors. In addition, the Bankruptcy Code will allow the debtor to keep certain "exempt" property; but a trustee will liquidate the debtor's remaining assets. Accordingly, potential debtors should realize that the filing of a petition under Chapter 7 may result in the loss of property.

Chapter 13:
A Chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. Chapter 13 permits individuals to keep their property by repaying creditors out of their future income.  It is not available to corporations or partnerships. After completion of payments under the plan, Chapter 13 debtors receive a discharge of most debts.

Foreclosure:
Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, it is typically said that "the lender has foreclosed its mortgage or lien".

A Foreclosure by Sale ends in the posting of a sign advertising the auction of your home on the sale date. The only ways to stop a foreclosure are full payment of the arrearage, or the filing of a Chapter 13 bankruptcy. Full Payment: If you are able to obtain and tender the full amount of your arrearage, including fees and costs, you can stop the foreclosure of a standard residential mortgage. Most people lack the money to make full payment. This process stops the foreclosure and allows you to repay your arrearage over a three-to-five year period. The arrearage is paid through a court-appointed official, while you resume your regular monthly payments to the bank in order to keep your home. A Chapter 13 can be filed at any time prior to the law day or sale date, and it is often the only avenue to save your home.

Debt Consolidation:
Contrary to popular belief, debt consolidation is not a loan. Debt consolidation is a process in which debt is restructured into one low monthly payment. It further enables a consumer to reduce the amount owed and thereby eliminate interest. Very often a consumer can detect warning signs of being in too much debt long before any collection notices are received. If more than two of the following signs apply to you, you are probably in too much debt:

• You have begun charging to your credit card essential expenses like food and daily expenditures
• You are making only the minimum payments on your credit cards each month
• You are near the limit of your credit cards
• You have too many credit cards
• You are unsure how much money you owe creditors

If you or someone you know needs the assistance of an experienced Elizabeth, New Jersey Bankruptcy Attorney, call Julio Sanchez today at 908-752-4364 , or complete the contact form provided on this site to schedule an initial consultation. Se Habla Espanol Y Portugues.

If you or someone you know needs the assistance of an experienced Elizabeth, New Jersey Bankruptcy Attorney, call Julio Sanchez today at 908-752-4364 , or complete the contact form provided on this site to schedule an initial consultation. Se Habla Espanol Y Portugues.

ADDRESS OF THE FIRM:
Law Office of Julio Sanchez, Esq.
425 Elmora Ave.
Elizabeth, NJ 07208
Phone: 908-752-4364
 Hours: M-F, 9:00AM-6:00PM

MEMBERS OF THE FIRM:
 

• Attorney Julio Sanchez, Esq.

A native to Cuba, the family of Julio Sanchez moved to Puerto Rico in 1960 where Julio completed his high school studies. Mr. Sanchez was president of his class, President of the Student Council, and member of the Hector Pineiro Chapter of the National Honor Society.

He remained in Puerto Rico for his undergraduate and law school studies. As an undergraduate student, he continued to be a member of the Honor Society and won several literary contests. In 1972, Julio graduated Magna Cum Laude from the School of Social Sciences of the University of Puerto Rico. In 1975, Mr. Sanchez graduated with honors from the UPR where he obtained a Juris Doctor degree.

Mr. Sanchez has served as staff attorney for Union County Legal Services, Prosecutor for the City of Elizabeth, and assistant counsel for the Board of Education of Elizabeth. He has been admitted to practice before the Supreme Court of New Jersey, Puerto Rico, the Supreme Court of the United States, the Third Circuit Court of Appeals, and the United States District Courts for New Jersey and Puerto Rico. He belongs to several Bar Associations including the New Jersey State Bar, and Ilustre Colegio de Abogados de Puerto Rico.

• Bar Admissions: New Jersey, 1976; Puerto Rico, 1975
• Education: Law School of the University of Puerto Rico, Juris Doctor, 1975; B.A. in Economics and Political Science, 1972
• Professional Memberships & Achievements: Admitted to practice before the Supreme Court of the United States , the Third Circuit Court of Appeals, the United States District Courts of New Jersey and Puerto Rico. Member of the NJ and PR Bar Associations, the Union County Bar Association and the Hispanic Bar Association.

Si usted está luchando con sus deudas en la economía actual, la declaración de quiebra puede ser la manera más eficaz de protegerse contra el acoso del acreedor, salvar su casa y otras posesiones, y obtener un comienzo financiero fresco.

Como un experimentado Abogado en Quiebras de Elizabeth, Nueva Jersey por más de treinta años, he llevado con éxito cientos de pedidos de quiebra personal y de negocios. Mi empresa se ha formado para proporcionar un trabajo intenso, y con gente honesta para la representación legal personalizada y accesible a fin de liberarse de una deuda personal excesivamente gravosa.

Estamos dedicados a superar sus expectativas con los servicios financieros que ofrecemos. Nosotros nos encargamos de todos los casos de manera eficiente y rentable, y para encontrar soluciones jurídicas que sean compatibles con nuestros clientes personales, empresariales y los intereses legales.

Póngase en contacto con mi empresa hoy mismo si necesita asistencia legal en cualquiera de las siguientes materias:

• En el Capítulo 7 (liquidación total y la descarga de las deudas)
• En el Capítulo 13 (pago de las cuotas atrasadas y retención de bienes asegurados, tales como bienes raíces)
• Descarga de deudores dedicados a negocios
• Preparación de expertos en los esquemas de quiebra
• Prevención de ejecución hipotecaria
• Modificación de préstamos
• Prevención de los embargos
• Prevención de la recuperación de la posesión
• Detener el acoso de los acreedores
• Demandas para bloquear
• Eliminación de la deuda de tarjetas de crédito
• Reconstrucción de su crédito
• Protección del tribunal

La quiebra es un área compleja y confusa de la ley. Una persona que está considerando declararse en quiebra debe consultar con un abogado calificado para obtener asesoramiento competente a través del procedimiento judicial.

Nuestra primera declaración de quiebra fue en 1979. Desde entonces, hemos manejado cientos de casos de terminación de quiebra ante el Tribunal Federal de Quiebras. Nuestro personal es competente, experimentado y cortés, y estamos a sus órdenes para ofrecerle soluciones eficaces de alivio para su deuda. Permítanos mostrarle cómo podemos ayudarle.

• El Abogado Julio Sánchez, es nativo de Cuba, la familia de Julio Sánchez se mudó a Puerto Rico en 1960 donde completó sus estudios de la escuela secundaria. El Sr. Sánchez fue presidente de su clase, Presidente del Consejo Estudiantil, y miembro del Capítulo Héctor Piñeiro de la Sociedad Nacional de Honor.
  
  Permaneció en Puerto Rico durante sus estudios de grado y estudios de la escuela de leyes. Como estudiante de pregrado, siguió siendo un miembro de la Sociedad de Honor y ganó varios concursos literarios. En 1972, Julio se graduó Magna Cum Laude de la Facultad de Ciencias Sociales de la Universidad de Puerto Rico. En 1975, el Sr. Sánchez se graduó con honores de la UPR, donde obtuvo un título de Juris Doctor.
  
  El Sr. Sánchez se ha desempeñado como abogado de los Servicios de Asesoría legal del Condado la Unión, Fiscal para la Ciudad de Elizabeth, y abogado consejero del Consejo de Educación de Elizabeth. Ha sido admitido para ejercer ante la Suprema Corte de Nueva Jersey, la de Puerto Rico, la Corte Suprema de los Estados Unidos, el Tercer Tribunal de Circuito de Apelaciones, y los Tribunales de Distrito de Nueva Jersey y Puerto Rico. Pertenece a varias Asociaciones de Barras de Abogados incluyendo la Barra Estatal de Nueva Jersey y el Ilustre Colegio de Abogados de Puerto Rico.

• Admisiones a la Barra: Nueva Jersey, 1976; Puerto Rico, 1975
• Educación: Facultad de Derecho de la Universidad de Puerto Rico, Doctor en Derecho, 1975; Licenciado en Economía y Ciencias Políticas, 1972
• Membresía en Asociaciones Profesionales y Logros Alcanzados: admitido a ejercer ante la Suprema Corte de los Estados Unidos, el Tercer Tribunal de Circuito de Apelaciones, los Tribunales de Distrito de Estados Unidos en Nueva Jersey y Puerto Rico. Miembro de las Asociaciones de la Barra en Nueva Jersey y Asociaciones de Abogados de relaciones públicas, La Asociación de la Barra del Condado de Union y la Asociación de Abogados Hispanos.

Si usted o alguien que conozca necesita la ayuda de un experimentado Abogado en Quiebras en Elizabeth, Nueva Jersey, llame hoy mismo a Julio Sánchez al 908-752-4364 , o llene el formulario de contacto que aparecen en este sitio para programar una consulta inicial. Se habla español y portugués.

Mi empresa también proporciona servicios legales relacionados con el cierre de negocios, litigios civiles, casos penales, casos relacionados con la Ley de Inmigración, el Derecho Matrimonial, Lesiones Personales, Bienes Raíces, apelaciones en materia del Seguro Social, los casos de arrendamiento, infracciones de tránsito, y de la compensación a los trabajadores.