Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in New Jersey? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find New Jersey-specific information on filing for bankruptcy as well as articles on the various New Jersey bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Filing for Bankruptcy in New Jersey (NJ)
In this complete guide to filing bankruptcy in New Jersey, you’ll learn about the differences between Chapters 7 and 13, the debts you can discharge, and the property you can keep using New Jersey’s exemption laws. It also explains how to qualify for bankruptcy chapters 7 and 13 in New Jersey, and includes checklists to help you navigate the process and organize bankruptcy documents, and links to a DIY bankruptcy quiz and other helpful resources.
The New Jersey Homestead Exemption
New Jersey does not have a homestead exemption, but you can use the federal homestead exemption. Married couples may have another option.