BANKRUPTCY & REAL ESTATE TRANSACTIONS ATTORNEY

Joel R. Spivack, Esq.

Protecting Your Assets

Rebuilding Your Financial Future

Providing peace of mind for more than 30 years.

Attorney Joel R. Spivack is an experienced bankruptcy and residential real estate transactions lawyer in Cherry Hill, New Jersey. Clients come to us for legal services, but what we really provide is peace of mind. For more than 30 years, Attorney Spivack has helped people make wise, informed decisions about bankruptcy filings, debt relief options and residential real estate transactions.

We are here to help you.

Is this a New Jersey matter or Philadelphia Region matter?
We are licensed to practice in New Jersey and Pennsylvania.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is often the right choice for people who have a significant amount of loans and other debts that cannot be eliminated by Chapter 7 bankruptcy. Through Chapter 13, you may also be able to keep your house and car.

Chapter 7 Bankruptcy

If you can no longer keep up with your monthly credit card and loan payments because of a job loss, medical bills, or other financial setbacks, Chapter 7 may be the best way to get your financial future back on track.

Real Estate Transactions

Real estate law is incredibly complicated. Many home buyers and sellers run into tax-related problems in New Jersey; there are taxes, fees, and title insurance issues that will need to be sorted out before closing.

Respected Personal Bankruptcy Lawyer

Located In Cherry Hill, NJ

If you can no longer keep your head above water because of your debts, we can help. Contact our office at your earliest convenience to discuss your options. There is no cost and no obligation involved in personal bankruptcy inquiries. We can help you with:

  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Alternatives to Bankruptcy
  • Mortgage & Loan
  • Modifications
  • The Bankruptcy Process
  • Bankruptcy to stop sheriff sales and foreclosure
It’s easy to become overwhelmed by debt. You work hard and try to do the right thing, but then you’re hit by circumstances outside of your control. A divorce, a job loss or unexpected medical bills that may leave you unable to pay your car payment, rent or mortgage. High interest rates on loans and credit cards force you to choose between repaying debt or paying monthly expenses. Bankruptcy may be a way for you to get a fresh start. We provide comprehensive debt relief services, including Chapter 7 and Chapter 13 filings, mortgage and loan modifications and other solutions that may be helpful in your situation. Attorney Spivack has been practicing consumer bankruptcy law since 1990 and has helped thousands of people across New Jersey and Southeastern Pennsylvania, including Camden County, Burlington County, Gloucester County, Philadelphia and surrounding communities get a fresh start on their finances.

Read our client reviews:

Results may vary depending on your particular facts and legal circumstances.
Marcus Hayes
Marcus Hayes
2024-01-04
I needed a competent, skilled, knowledgable and mature attorney. Attorney Spivack did my bankruptcy in 2021( YES DURING COVID).I received counseling from Attorney Spivack that I needed. Attorney Spivack said things I did not like, but desperately needed to know. I whole recommend Attorney Spivack for bankruptcy counseling.
Edward Maduzia
Edward Maduzia
2024-01-03
Very professional and responsive
Stacie Cantu
Stacie Cantu
2023-12-26
Compassionate, knowledgeable, and extremely helpful. We highly recommend Joel Spivack!
Alejandro Kommedia
Alejandro Kommedia
2023-12-04
I want to thank Mr. Joel Spivack for help us in our situation also for your guidance and advice, my wife and I are very grateful for your help. Thank you very much for your professionalism, very punctual, honest and very effective at work. We definitely recommend Mr. Spivack for anyone who is looking for a good adviser.
Pamela Cuba
Pamela Cuba
2023-12-01
I had the pleasure of working with Joel R. Spivack recently, and I couldn't be more satisfied with the results. His expertise and attention to detail were evident throughout the entire process. From the initial consultation to the resolution of my case, Joel demonstrated a deep understanding of bankruptcy law and provided clear, concise guidance. His responsiveness and professionalism made a challenging situation much more manageable, and I felt confident in their ability to navigate the complexities of my financial issues. I highly recommend this lawyer to anyone seeking reliable and effective representation during challenging times.
Keith Werner
Keith Werner
2023-10-19
Joel was very helpful to and patient with me. I was not in favor of BANKRUPTCY because in my younger years it was considered a MORTAL SIN but Joel helped me understand. He was great in staying on me to get him the files he needed and this made the filing process that much easier.
Drumz P
Drumz P
2023-09-08
I’ve used Mr. Spivack on multiple occasions. Chapter 7 and a Chapter 13. He is all that and more!! He will break it down to you and keep it real with you and actually care and help you if he can. If he can’t help you he will let you know! I gave up my home in a chapter 7 then 2 years later decided to keep it after getting a great job and my whole life situation changing . I went with a Chapter 13 and was approved because of Mr. Spivack. This is a great man and he knows his stuff , I will always support and send anyone to him. Thankyou Joel! 5 Stars!!!!
Gianna Sama
Gianna Sama
2023-08-25
Finding myself in the position to need to claim bankruptcy was overwhelming, to say the least, but Joel was my rock through the process from start to finish. Joel is very professional, knowledgeable, thorough, and friendly. He provided comfort throughout the process, easing my mind with all of my concerns and questions and keeping me informed every step of the way. Joel made the process easy and I seriously cannot recommend him enough.
Michelle Morse
Michelle Morse
2023-08-15
Bankruptcy can be a complicated process you need an experienced attorney. I recommend you consult with Joel Spivack who will guide you through and keep you updated every step of the way. Joel was completely honest regarding what would happen before and after the filing.Having an experienced attorney will make all the difference. Thank you Joel for your expertise in helping me get a fresh start.

Experienced Real Estate Transactions Lawyer

Serving all of New Jersey & Southeast Pennsylvania (Delaware County)

Whether you need an experienced bankruptcy lawyer or real estate attorney for the purchase or sale of your home or property, you can rely on The Law Office of Joel R. Spivack for knowledgeable and thorough representation. We’ll handle all the fine details while remaining focused on the big picture — ensuring we achieve your overall goals.

Bankruptcy FAQs

Bankruptcy is a legal proceeding in which a person who cannot pay their bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court. Filing bankruptcy immediately stops all of your creditors from seeking to collect debts from you, at least until your debts are sorted out according to the law.

In a Chapter 7 case, you can keep all property that the law says is “exempt” from the claims of creditors. You can choose between your exemptions under your state law or under federal law. In many cases, the federal exemptions are better.

As of April 1, 2022, Federal exemptions include:

  • $27,900 in equity in your home
  • $4,450 in equity in your car
  • $14,875 for any household goods and furnishings
  • $1,875 in jewelry
  • $2,800 in things you need for your job (tools, books, etc.)
  • $1,475 in any property, plus part of the unused exemption in your home, up to $13,950
  • Your right to receive certain benefits such as social security, unemployment compensation, veteran’s benefits, public assistance, and pensions — regardless of the amount

(These numbers are as of April 1, 2022 and are subject to change. Please verify these exemption limits with an attorney).

In a Chapter 13 case, you can keep all of your property if your plan meets the requirements of the U.S. Bankruptcy Code. In most cases, you will have to pay the mortgages or liens as you would if you didn’t file bankruptcy.

In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it if you pay its non-exempt value to creditors in a Chapter 13.

Yes! Many people believe they cannot own anything for a period of time after filing for bankruptcy. This is not true. You can keep your exempt property and anything you obtain after the bankruptcy is filed. However, if you receive an inheritance, a property settlement, or life insurance benefits within 180 days after filing for bankruptcy, that money or property may have to be paid to your creditors if the property or money is not exempt.

Yes, with some exceptions.

Bankruptcy will not normally wipe out:

  • Money owed for child support or alimony, fines, and some taxes
  • Debts not listed on your bankruptcy petition
  • Loans you got by knowingly giving false information to a creditor who reasonably relied on it in giving you the loan
  • Debts resulting from “willful and malicious” harm
  • Most student loans, except if the court decides that payment would be an undue hardship
  • Mortgages and other liens that are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is sold by the creditor)

In most bankruptcy cases, you only have to go to a proceeding called the “meeting of creditors” to meet with the bankruptcy trustee and any creditor who chooses to come. Most of the time, this meeting will be a short and simple procedure where you are asked a few questions about your bankruptcy forms and your financial situation.

Occasionally, if complications arise, or if you choose to dispute a debt, you may have to appear before a judge at a hearing. If you need to go to court, you will receive notice of the court date and time from the court and/or from your attorney.

There is no clear answer to this question. Unfortunately, if you are behind on your bills, your credit may already be bad. Bankruptcy will probably not make things any worse.

The fact that you’ve filed a bankruptcy can appear on your credit record for 10 years. But because bankruptcy wipes out your old debts, you are likely to be in a better position to pay your current bills, and you may be able to get new credit.

Request a Consultation

Attorney Joel R. Spivack is an experienced bankruptcy and residential real estate transactions lawyer in Cherry Hill, New Jersey. Clients come to us for legal services, but what we really provide is peace of mind. For more than 30 years, Attorney Spivack has helped people make wise, informed decisions about bankruptcy filings, debt relief options and residential real estate transactions.
Is this a New Jersey matter or Philadelphia Region matter?
We are licensed to practice in New Jersey and Pennsylvania.

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