Find out everything you need to know about Philadelphia bankruptcy, PA divorce, immigration, etc. by reading our latest blog posts.
  • Filing for bankruptcy is a decision people reach when they’re at the end of their financial rope. But even those who feel they have no more choice will find that they have options available to them. The most important of these is the question of whether to file for Chapter 7 or Chapter 13. Chapter 7 and Chapter 13 are each different sections of the U.S. Bankruptcy Code, and there are significant differences between the two, and different outcomes. Let’s take a quick overview of the two. Chapter 7 is also known as liquidation bankruptcy because it is the type …Read More ➡

  • Being notified of a foreclosure action is one of the most chilling things that a homeowner can face. This legal process is not something that happens randomly or that a lender wants to pursue: it generally takes repeated missed mortgage payments and warnings before a lender moves to take action. If your debt has resulted in you missing so many payments on your real estate loans that the bank is looking to repossess it, then filing for bankruptcy may offer you temporary respite, but the type of bankruptcy you file for and the timing of your filing will both play …Read More ➡

  • Being notified of a foreclosure action is one of the most chilling things that a homeowner can face. This legal process is not something that happens randomly or that a lender wants to pursue: it generally takes repeated missed mortgage payments and warnings before a lender moves to take action. If your debt has resulted in you missing so many payments on your real estate loans that the bank is looking to repossess it, then filing for bankruptcy may offer you temporary respite, but the type of bankruptcy you file for and the timing of your filing will both play …Read More ➡

  • The new year means different things to different people. Depending on your family’s traditions, your culture, your beliefs, and your experiences, it might be a time for reflection and resolutions or a time of religious significance. No matter who you are or where you’re from, most people associate this time of year with renewal and fresh starts. If you’re facing crushing financial challenges, the new year may be the perfect time for you to wipe the slate clean and file for bankruptcy. Filing for bankruptcy, whether a Chapter 7 discharge of all your debts or a Chapter 13 reorganization, allows …Read More ➡

  • Debt can be all-consuming, and especially so when you’re anticipating additional expenses. When you’re struggling to make minimum payments on your credit card and watching the amount you owe increase, the idea of charging more for holiday gifts just adds to the stress. If you’re tempted to charge up a storm on your Thanksgiving celebration and presents and then wave them away with a bankruptcy filing, you should think again — and talk to an experienced bankruptcy attorney about the repercussions of doing so. Though consumer debt – debt on credit cards – can be discharged in a Chapter 7 …Read More ➡

  • As is so often true of making big and difficult decisions, your decision to file for bankruptcy will probably provide enormous emotional relief.  Despite its taboos and challenges, filing takes matters out of your hands and puts you on the road to healing your financial health. Still, you have decisions to make about how you want to approach the process, and that includes deciding whether to tell your creditors about your plans. The answer to whether you should give your lenders a ‘heads-up’ is a matter of your own personal approach and comfort level, as well as your goals. What …Read More ➡

  • If you’re so deeply in debt that you’re considering filing for bankruptcy, opting out of hiring an attorney may seem like a smart and practical choice. After all, why spend money on a legal action that you can probably look up online, right? The truth is that once you get to the particulars of your personal situation, bankruptcy filings are far more complex than you’re likely to see on any how-to page. Additionally, there are limits to how much a bankruptcy attorney is permitted to charge. Here are our top reasons for why you should hire a bankruptcy lawyer. Identifying …Read More ➡

  • Even in the face of mounting debt, most people put off a bankruptcy filing until they simply are unable to do anything else. There are plenty of reasons for this. For most people, filing for Chapter 7 — or even for Chapter 13 bankruptcy — takes an emotional toll: right or wrong, people view bankruptcy as a black mark against them, and a sign of failure. Others may be hoping for some kind of windfall that will help to ease their financial woes. If you are anticipating coming into money and putting off your filing because you’re hoping to get …Read More ➡

  • Your bills are mounting — credit cards, mortgage, auto loans, and child support too. If you’ve concluded that bankruptcy is your only way to get out from under, then a brighter, less stressful future is ahead. Still, despite the promise of a fresh start free of calls from bill collectors, it’s important for you to understand that a bankruptcy filing does not eliminate every debt that you owe: most importantly, you need to know that the amount that you submit each week in child custody payments are not going to be affected at all. Whether you qualify for Chapter 7 …Read More ➡

  • Owning your own business is a life’s dream for many people. Whether you’re a sole proprietor, part of a partnership or LLC, or a shareholder of a corporation, your goal is for the business to be successful and profitable, but that isn’t always the case. If you’re facing a situation where bills are coming due that the business can’t pay, your creditors are going to look to you – and that leaves you wondering whether you’re legally on the hook. The answer to that question is less than straightforward. Most business owners know that sole proprietors and partnership members are …Read More ➡

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