Find out everything you need to know about Philadelphia bankruptcy, PA divorce, immigration, etc. by reading our latest blog posts.
  • 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 ➡

  • For most people, the top reason to delay filing for bankruptcy is the fear of losing their homes. Though that certainly happens to some, many people are able to avoid this fate. It all comes down to what you own and what you owe, and a lot will depend on the bankruptcy chapter you file under. Other factors include your state’s rules regarding exemptions and the amount of equity you have in your home. The best way to find out if you’ll be able to protect the things most important to you is to consult with an experienced bankruptcy attorney …Read More ➡

  • One of the first things you learn when you approach filing for bankruptcy is that it’s not a magic wand. Though it can eliminate a good portion of your debts, doing so comes at a significant cost in terms of your credit rating, and possibly even some of your most treasured assets. It also doesn’t eliminate every debt you’ve accumulated over the years. While credit card debts and medical bills can certainly be wiped away, other obligations are not dischargeable. You will still have to pay for child support and alimony, student loans, and any compensation that you owe as …Read More ➡

  • Halloween is past, Thanksgiving is upon us, and the gift-giving celebrations are just weeks away. What most people think of as the most joyful and festive time of year can feel like sheer misery when you’re deeply in debt, as every aspect of the holidays seems to have a price tag attached. Whether you’ve just filed for bankruptcy or are about to file your papers, the process creates a shift in the way that you have to think – and in what you’re able to spend. Bankruptcy does represent an adjustment, but it does not have to ruin your holiday …Read More ➡

  • One of the most frightening aspects of a bankruptcy filing is contemplating the way that it will affect your day-to-day life. Will you be able to keep your house and your car? Will people find out and think less of you? And how are you going to be able to buy things if you no longer have credit and don’t have cash on hand?? The last of these questions is actually a pretty big deal. It’s one of the toughest things for people to get used to as they enter this new phase of their lives. Many even think about …Read More ➡

  • For most people, bankruptcy is a vague notion – something they’ve heard of but know little about. But if you’re one of the hundreds of thousands of Americans for whom debt has become insurmountable, bankruptcy has become a potential lifeline you’re hurrying to learn more about. One of the very first things you’ll want to understand is the difference between Chapter 7 and Chapter 13 bankruptcies, and whether you’re able to choose the one you prefer. Chapter 7 and Chapter 13 bankruptcy both exist to relieve debt, but the two have significant differences. Because Chapter 7 entirely liquidates almost all …Read More ➡

  • If you’re facing insurmountable debt, living with family can eliminate many expenses and provide significant economic relief. But if you’re considering filing for bankruptcy, it can also introduce a level of complexity to your process, and possibly derail your ability to qualify for a Chapter 7 bankruptcy. Here’s what you need to know. There are two types of personal bankruptcy filings that people pursue: Chapter 7 bankruptcy discharges debt, while Chapter 13 redistributes it, creating a payment plan that may reflect reduced interest rates, a more extended payment period, or other favorable terms meant to make the debt more manageable. …Read More ➡

  • Saving for retirement is one of the greatest gifts you can give your future self. The more diligent you are about putting money away, the more easily you’ll be able to enjoy life after you stop working. But while you’re planning for the future, present circumstances can get out of control. Medical emergencies, job losses, rising prices and indiscriminate spending can all lead to insurmountable debt, leaving you with few options. If you’re considering bankruptcy and are concerned that it will deplete the money you’ve worked so hard to save, there’s good news: in most cases, you will be able …Read More ➡

  • For most people, their home is their biggest purchase and most valuable asset, so it comes as no surprise that it is also the biggest concern when considering filing for bankruptcy. If you are in this position, then you may be considering selling your house, even though you may not want to actually leave it. It’s just that the idea of having it sold out from under you by a bankruptcy trustee feels unacceptable.  Though it is possible to sell your home before filing for bankruptcy, it is not recommended, and if you do so you need to make sure …Read More ➡

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