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NJ Lawyer Answers Bankruptcy and Foreclosure Questions


Across the country consumers filing for bankruptcy steadily increased by 27% within the first quarter of 2008 over the same period in 2007, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). The same increase is being felt here in New Jersey. Surging prices of gas and food has created quite the pinch on New Jersey households leaving residents with no other option then filing for bankruptcy protection.

Desperate efforts to avoid mortgage foreclosure have led to a spike in New Jersey bankruptcy filings. Attorney Robert Manchel says chapter 13 bankruptcy is designed to save a resident’s house from foreclosure and reinstate the mortgage, as long as they file for bankruptcy prior to the sheriff’s sale. Foreclosure victims may also file for Chapter 7 or chapter 13 bankruptcy protection to surrender their house and eliminate the deficiency debt.

Robert Manchel’s practice concentrates on assisting New Jersey residents in filing for and understanding the terms of Chapter 7 and Chapter 13 bankruptcy, as well as resolving foreclosure actions. For more information on how to avoid mortgage foreclosure, visit Robert Manchel’s website:

In New Jersey, there were 5,495 bankruptcies filed by individuals in the first three months of the year, up 17.5 percent, from 4,673 last year. New Jersey residents can get comprehensive answers to frequently asked questions regarding Chapter 7 and Chapter 13 bankruptcy on Robert Manchel’s website:

“Chapter 7 and Chapter 13 bankruptcies are rising in New Jersey due to the profound burden of household debt, growing mortgage problems and the rising cost of food and fuel,” said Robert Manchel, “this situation could be exacerbated by a declining job market”. Mr. Manchel stresses the importance of speaking to a qualified bankruptcy attorney before making any decisions or filings. There are many important facts and differences to understand before filing for Chapter 7 or Chapter 13. For a complete definition of both laws, visit

Mr. Manchel is board certified as a consumer law bankruptcy attorney, by the American Board of Certification, which is accredited by the American Bar Association. He is licensed to practice law in Pennsylvania, New Jersey, Eastern District of Pennsylvania Federal Court and the District of New Jersey Federal Court. Mr. Manchel has practiced in the area of bankruptcy law since 1992. As of 1994, 100% of his practice has and continues to be limited to bankruptcy law and foreclosure resolution. Mr. Manchel has successfully represented hundreds of individuals through the bankruptcy and foreclosure resolution process.
For more information on Robert Manchel and his practice, visit

The Law Offices of Robert Manchel
1 Eves Dr. Suite 111
Marlton, NJ. 08053
(856) 797-1500


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