William L. Pegg, Jr.

ATTORNEY AT LAW

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New Jersey Attorney with over 39 years experience. Mr. Pegg personally handles all matters for which he is retained. He is dedicated to providing his clients with a level of knowledge and understanding specific to their matter and discusses any/all legal remedies available to them.

Bankruptcy is a process by which a debtor can obtain relief from his debts, through the courts. This relief may come in a variety of forms, including full or partial discharge of the debt, or the imposition of a payment program consistent with the debtor’s financial means. The most common types are Chapter 7, Chapter 11 and Chapter 13.

- Learn More about “The Perils of Bankruptcy Avoidance”..

Chapter 7 Bankruptcy Overview:

The filing of a Chapter 7 Bankruptcy petition, sometimes referred to as a “straight bankruptcy,” has one simple goal; Complete release from debt (s).  Some of these debts may include credit cards, medical bills, matters of pending litigation and judgments..

The entire Chapter 7 process takes approximately 100 days to complete.  Immediately upon filing, phone calls and correspondence from your creditors immediately cease and all collection efforts are halted.  Filing is done electronically from the law office as soon as we have completed the Bankruptcy petition.  Once the Bankruptcy filing is completed, an Automatic Stay immediately takes effect thereby “freezing” any/all collection action by your creditors.  All contact with you by your creditors immediately ceases. This includes telephone calls, correspondence, pending lawsuits and any debt collection activity, such as wage executions. As the Automatic Stay is a legal provision of the Bankruptcy Code, there are no “ifs, ands, or buts” about it. Learn more about filling Chapter 7 Bankruptcy in New Jersey..

Chapter 13 Bankruptcy Overview:

A Chapter 13 Bankruptcy petition is filed to protect your assets from liquidation through foreclosure, in the case of mortgaged real estate, and to satisfy your outstanding debts. As with a Chapter 7 proceeding, all creditor collection activity against you ceases as of the date of filing, even a mortgage foreclosure sale.  A Chapter 13 petition must be used whenever your non-exempt assets would likely be liquidated to pay your creditors, or when your family income levels exceed the limits set forth in the “means test” calculator.  Learn more about filling Chapter 13 Bankruptcy in New Jersey..

Too often, economic difficulties paralyze a business and the inability to make a decision or develop a strategy can make an already bad situation even worse. Businesses may not adequately plan for economic downturns, nor are they always prepared when their customers or suppliers are faced with unanticipated financial hurdles. Our Law Firm is equipped with the experience to counsel clients facing such challenges and to guide them through such times. – Learn More..

What we do for the client – Your legal rights is step one. We do a complete forensic audit of your loan and determine your legal rights. We then look at the foreclosure process and determine if you have rights in the way the bank is foreclosing on your home. Then we assert any/all appropriate affirmative legal defenses and use them as leverage to stop the foreclosure process and obtain a modification settlement or some other legal remedy with regard to the mortgage loan.

Mortgage Foreclosure Mediation – Using the many tools available to the homeowner and the lender, our office can mediate your mortgage foreclosure dispute. In many cases, mediation is a better alternative to diving into a complex, expensive, and often difficult foreclosure action. Mediation is also an option to help resolve cases that already are in foreclosure or perhaps already advanced to a sheriff’s sale. After a successful mediation meeting, the homeowner and lender walk away with what they want without having spent the time and expense locked in foreclosure litigation. – Learn More..

Collection attorneys specialize in collections/creditor rights and represent businesses, collection agencies, banks, credit unions and health care providers, and other commercial creditors in the collection of debts, as well as the protection and enforcement of creditor rights and remedies, including remedies when a debtor has filed for bankruptcy protection. – Learn More..

When you have a business idea, the hardest part is getting it off the ground. Starting a small business – home business, or otherwise – takes sound business and financial planning. Finding a name, marketing, technology, loans, sales strategy are only the basics; add in obtaining the right permits, knowing the zoning laws in your state and more can lead to headaches you didn’t expect. What are the new rules about sales tax, intellectual property, and more. – Learn More..

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Whether your case presents a simple contract dispute or complex shareholder or partnership agreement litigation, our business attorneys will represent your matters with the full consideration and respect you deserve. Contact our offices to ensure your business is protected and properly compensated with the help of an experienced New Jersey shareholder dispute attorney. – Learn More..

Probate is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person’s property under the valid will. A surrogate court decides the validity of a testator’s will. A probate interprets the instructions of the deceased, decides the executor as the personal representative of the estate, and adjudicates the interests of heirs and other parties who may have claims against the estate. – Learn More..

The stress of losing a loved one is never an easy matter, and it can become much more heated when inheritance or wills disputes come into play. Whether it’s a matter of a piece of jewelry that has sentimental value or the disposal of a property, family members don’t always agree on how to deal with inheritance issues. If you’re looking for inheritance advice give our office a call today. – Learn More..

Whether you’re buying or selling a home, your team of expert advisors should include a real estate lawyer which can help you find the right house or the right buyer and negotiate a price and closing date that are right for you. Your lawyer can review any offer you make or receive and make sure that your rights are protected and your duties clearly defined. – Learn More..

Choosing the right attorney may be your most important decision in ending your marriage and successfully beginning the next phase of your life. The right matrimonial lawyer can help provide you with financial security. The wrong lawyer may lead to the loss of marital assets that are rightfully yours or even may result in your losing custody of your children. – Learn More..

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"Mr. Pegg can show you that good financial planning is not about deprivation, it's about making better choices."