Bankruptcy After Job Loss - Daniel Straffi, Jr.

From Straffi & Straffi Attorneys at Law - Bankruptcy After Job Loss explores the financial, legal, and emotional landscape people often face after losing a job, and how bankruptcy can be a path toward relief.

Losing your job does more than cut your paycheck—it can ripple across all parts of your life. This episode delves into how job loss often triggers financial hardship, what expenses suddenly become unmanageable such as mortgage or rent, healthcare, utilities, and car payments, and the emotional toll of uncertainty. We talk about recognizing the signs that bankruptcy might be necessary, including depleting savings, relying on credit cards, or facing foreclosure or wage garnishment.

Then we go through the types of bankruptcy that people in New Jersey typically consider, Chapter 7 for a fresh start by wiping out unsecured debts, and Chapter 13 for reorganizing debt through a repayment plan over a few years. We compare benefits, timelines, and what kind of situation might make one a better fit than the other.

Finally, we walk listeners through practical steps to take before filing: evaluating your full financial picture, consulting a New Jersey bankruptcy attorney like Daniel Straffi Jr., gathering essential documents, and understanding state-specific rules and exemptions. The goal is helping you regain control of your finances with clarity, support, and realistic expectations.

Straffi & Straffi Attorneys at Law

670 Commons Way, Toms River, NJ 08755, United States

(732) 341-3800

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