PA Bankruptcy

When haunted by the financial burdens associated with credit card debt, outstanding medical bills and home foreclosure, the only logical solution may be to claim bankruptcy in Pennsylvania. When considering that each individual's case is unique, there is no standard template for determining if Pennsylvania bankruptcy is the best option. For this reason, it is best to consult a legal professional to help aid in the process. At Reinherz and Reinherz Law Offices our lawyers assess your situation, identify specific Pennsylvania Bankruptcy Laws pertaining to your case, and provide advice on the best course of action for proceeding.

Appointed by the Federal Government as an official "Debt Relief Agency," professionals at Reinherz & Reinherz are equipped to handle all types of personal bankruptcy cases. Regardless of whether the situation involves bill collectors, car repossession, credit card debt, DMV suspension, foreclosure, IRS problems, or outstanding medical bills, we can assist. Our bankruptcy attorneys are prepared to begin helping those in debt rebuild their lives by providing guidance and clients with any Pennsylvania bankruptcy information pertinent to their case.

For example, we educate clients on:

Various options for seeking the most successful outcomes
Important facts regarding foreclosure, credit card debt, medical bills, and DMV suspension
The costs, after-effects, and process for filing bankruptcy in Pennsylvania

Filing bankruptcy in Pennsylvania is often misinterpreted as being a simple process. Contrary to popular belief, claiming bankruptcy doesn't automatically dismiss your current bills. Depending on the type of bankruptcy obtained, the process can involve the liquidation of assets in rare instances.

For honest debtors, Bankruptcy Law is meant to facilitate a fresh start. In order to protect our government's best interests and ensure the process is being carried out properly, court appointed bankruptcy trustees monitor bankruptcy claims. Only a lawyer can accurately advise people on Pennsylvania bankruptcy exemptions and it is important to consult a professional in these matters to ensure that your best interests are being considered.

In seeking professional assistance, those in debt will learn of their various options. After a lawyer analyzes debts, assets and income, they will determine if a person qualifies for claiming Chapter 7 or Chapter 13. Pennsylvania Chapter 7 bankruptcy, which provides a clean slate through clearing debts, has become more involved over the years and now requires that a debtor pass a "means test" to determine if they qualify for permissible debts to be cleared. If passed, a person's debts are wiped clean but this history will remain on the credit report for ten years. The other option for those in financial trouble is to claim Chapter 13, which requires a person to make affordable payments over a designated period of time.

Regardless of your situation, it is always in your best interest to seek professional assistance when considering claiming bankruptcy in Pennsylvania. Bankruptcy may or may not be the best option for you, but regardless, we at Reinherz & Reinherz Law Offices are committed to helping you determine the best solution for your unique situation.