Bankruptcy Law
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Not every individual in financial distress needs to file for bankruptcy to reorganize their finances. However, when suitable - bankruptcy can provide a fresh start.

Bankruptcy claims are filed in the Federal Court System as a solution to insolvency. There are various types of bankruptcy and reviewing your finances, assets, and delinquencies with a qualified and experienced attorney can help you determine the best course of action to resolve your financial issues.

Several of the most well known types of bankruptcies are Chapter 7 and Chapter 13, bankruptcies.

  • A Chapter 7 bankruptcy is filed by an individual and a trustee assigned to the case assists in determining which assets will be liquidated or kept and which are exempt in paying off debts and creditors. 
  • In a Chapter 13 bankruptcy, the individual expects to have future income allowing him to pay off debt within a 3-5 year time period. Under supervision of the court, finances are re-organized and a payment schedule is devised.


At the Law Office of Steven J. Sico & Associates, we offer legal services in bankruptcy. We welcome the opportunity to discuss your financial issues, bankruptcy questions through a free, no obligation consultation.

Call us at (732) 636-2660 or fill out the short electronic contact form to set up an appointment.