Experienced New Jersey Bankruptcy Attorney In Somerville

The Law Offices of Michael McLaughlin, LLC is one of New Jersey’s most experienced and respected in the field of bankruptcy representation. The firm acts for both debtors and creditors.

The firm’s principal, Mr. Michael McLaughlin is admitted to practice in the Courts of the State of New Jersey, the Courts of the Commonwealth of Pennsylvania, the United States District Court for the District of New Jersey, the United States District Court for the Eastern District of Pennsylvania the Court of Appeals for the Third Circuit and the Supreme Court of the United States of America.

Over his 38 year career Mr. McLaughlin has concentrated on the areas of bankruptcy, debtor/creditor rights, foreclosure defense, and bankruptcy and commercial litigation. Mr. McLaughlin’s expertise representing creditors, debtors, and trustees was developed while working in several major law firms.

Mr. McLaughlin is a former member of the private panel of Chapter 7 trustees, having served as Chapter 7 trustee from 1988 through 1993. He continues to represent trustees in the administration of their cases. He has also served in state court liquidation proceedings known as Assignments for the Benefit of Creditors as the assignee in the case charged with the responsibility to administer the sale of any assets.

Mr. McLaughlin has represented debtors, creditors, commercial landlords, trustees and secured creditors in varied Chapter 11, 13 and 7 cases in New Jersey. Mr. McLaughlin has also handled complex commercial litigation. One significant case was an action to set aside a fraudulent transfer of assets under the New Jersey Fraudulent Transfer Act. During trial, a large settlement recovery was obtained for a client. Mr. McLaughlin has been successful in collection of several substantial judgments over the course of his career. Mr. McLaughlin has represented secured lenders in complex Chapter 11 proceedings.

The type of bankruptcy that is best for you depends on your financial situation and whether you are filing as an individual or as a business. Chapters 7, 11, and 13 are the three types of bankruptcies that are the most common. Each type of bankruptcy has specific benefits and drawbacks, and there are certain requirements you must meet to file under each chapter.

As an individual, you can file chapter 7, which clears most of your debts, or chapter 13, which reorganizes your debt and provides repayment plans. If you are filing as a business, your options include chapter 7 or chapter 11, which allows you to restructure business debt.

Bankruptcy lawyer Michael Mclaughlin has been helping his clients in Somerville, NJ, and beyond with their bankruptcy cases for over 35 years. Whether you need an individual or small business bankruptcy attorney, he can walk you through the bankruptcy process from start to finish – including helping you understand the bankruptcy type that is best for you.