Will I lose my house if I file bankruptcy in New Jersey?

New Jersey's homestead exemption protects $27,900 (federal) of equity. In Chapter 13, you can keep your home while catching up on payments.

How long does bankruptcy take in Newark?

Chapter 7 typically takes 3-4 months. Chapter 13 requires 3-5 years. The 341 meeting happens about 30 days after filing.

Should I file Chapter 7 or Chapter 13?

Chapter 7 eliminates most unsecured debt in 3-4 months but requires a means test. Chapter 13 allows you to keep property while repaying over 3-5 years. The D.N.J. has a 61.2% Chapter 13 dismissal rate.

Considering Bankruptcy in Newark?

Q: How much does bankruptcy cost in Newark?

Chapter 7 filing fees are $338 and Chapter 13 filing fees are $313. Attorney fees in Newark typically range from $1,500-$2,500 for Chapter 7 and $3,500-$5,000 for Chapter 13.

Q: What is the Chapter 13 dismissal rate in Newark?

The District of New Jersey has a 61.2% Chapter 13 dismissal rate based on 119,583 cases (2008-2024).

You are not alone. Over 119,583 cases have been filed in the District of New Jersey since 2008. This free guide will help you understand your options, know what to expect, and make informed decisions.

61.2% of New Jersey Chapter 13 cases are dismissed

Read the FAQ Check Your Eligibility

Chapter 7 vs. Chapter 13: Which Is Right for You?

Chapter 7 -- Fresh Start

Chapter 7 eliminates most unsecured debts in about 3-4 months. You must pass a means test.

Discharge in 3-4 months
Eliminates credit cards, medical debt
Must pass the means test
Filing fee: $338

Learn more about Chapter 7 →

Chapter 13 -- Payment Plan

Chapter 13 lets you keep your property while repaying debts over 3-5 years. No means test required.

3-5 year repayment plan
Keep your home and car
Catch up on missed payments
Filing fee: $313

Learn more about Chapter 13 →

Not sure which chapter fits? Compare them in detail.

Newark District Data

District of New Jersey (D.N.J.)

61.2% dismissed

Out of 119,583 cases filed since 2008, only 38.8% achieved a discharge. The prior filer rate is 31.6%.

Courthouse: 50 Walnut St, Newark, NJ 07102

View full statistics →

What to Expect When Filing

Credit counseling -- Required course within 180 days before filing ($15-25).
File your petition -- The automatic stay takes effect immediately.
341 meeting -- About 30 days after filing. Brief meeting of creditors (5-10 minutes).
Debtor education -- Second required course before discharge ($10-25).
Discharge -- Chapter 7: ~60 days after 341. Chapter 13: after 3-5 year plan.

Detailed timeline →

How Much Does Bankruptcy Cost?

Chapter 7 filing fee: $338
Chapter 13 filing fee: $313
Attorney fees: $1,500-$2,500 for Chapter 7; $3,500-$5,000 for Chapter 13
Credit counseling: $15-25 per course (two required)

Full cost breakdown → | National cost guide

Frequently Asked Questions

What is the Chapter 13 dismissal rate in Newark?

The District of New Jersey has a 61.2% dismissal rate based on 119,583 cases. Full statistics.

How much does bankruptcy cost in Newark?

Chapter 7: $338 filing + $1,500-$2,500 attorney fees. Chapter 13: $313 + $3,500-$5,000. Full breakdown.

Will I lose my house?

New Jersey homestead exemption: $27,900 (federal). In Chapter 13, you keep your home. Exemptions.

Can I keep my car?

New Jersey vehicle exemption: $4,450 (federal). Learn more.

How long does bankruptcy take?

Chapter 7: 3-4 months. Chapter 13: 3-5 years. Full timeline.

See all frequently asked questions →