Tag Archives: Pennsylvania bankruptcy attorney
Things to Consider Before Filing Bankruptcy
Thousands of people file bankruptcy in Pennsylvania for various reasons. Some file to save their home in the face of foreclosure. Others may file because they lost their jobs and the debts just keep accruing. The circumstances leading up to bankruptcy are never simple, and the decisions you make before you file may become defining […]
If I Filed Bankruptcy Before, When Can I File Again?
In this roller coaster economy it isn’t hard to imagine a situation where someone may need to file for bankruptcy more than once. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) provides for multiple bankruptcy filings under certain conditions. While the BAPCPA does not establish a specific length of time to wait between […]
If You Intend on Filing Bankruptcy, Pay Attention to Your Account Balance
Filing for bankruptcy protection is a life-altering event. Like any other major change in life, planning ahead may help you experience a smooth process and ensure that you don’t end up in worse shape than you are now. One concern for people who are considering filing bankruptcy is how much of your property you may […]
Honesty and Integrity is the Best Policy to Avoid Bankruptcy Fraud
It is not uncommon for people, who are drowning in debt and endeavoring to make ends meet, to look toward bankruptcy for a financial fresh start. Dishonest debtors can taint the process by committing bankruptcy fraud. Debtors, who intentionally hide assets or property from the bankruptcy trustee or who fail to provide accurate information to […]
Am I Guaranteed a Discharge at the End of My Bankruptcy Case?
Hard financial times put some people in a position where it is difficult to keep up with their bills. Whether your debt has accumulated over a period of time or as a result of a serious emergency situation, filing bankruptcy can provide much needed relief by wiping out debt. Both Chapter 7 and Chapter 13 […]
Debtor Education and Credit Counseling
Bankruptcy can be a good option for people who have difficulty meeting their financial obligations. Whether you choose to file under Chapter 7 liquidation or Chapter 13 reorganization the bankruptcy court requires that you participate in pre-bankruptcy credit counseling and pre-discharge debtor education. The counselors in both sessions should review your entire financial situation in […]
Financial Troubles Can Hit Anyone: But There’s Hope
As the US unemployment rate continues to rise and fall unpredictably, and medical bills and credit card debt soar, more families hit hard by financial troubles look for solutions. No one is immune, not even the family of an Olympic champion who has the potential earning power of a Fortune 500 executive. Recently the mother […]
Credit Cards and Bankruptcy
With credit cards as easy to get as ever and disruptions to income, such as job loss or serious medical disability, occurring to people every day, it’s no wonder that credit cards make up a large portion of discharged debt in bankruptcy. Here are a few things to note when considering bankruptcy as an option […]
What if I Own Joint Debt with Someone Who Files for Bankruptcy?
Bankruptcy can be filed by one spouse without the other. If your spouse files for bankruptcy, it does not automatically bring you into bankruptcy. Similarly, the bankruptcy of a spouse doesn’t give you the protection of automatic stay or bankruptcy debt discharge. Following are some more ways bankruptcy and marriage are related: Joint debt. With […]
Pennsylvania Bankruptcy Exemption Laws
When filing for Chapter 7 or 13 bankruptcy, there are certain exemptions—assets or properties you are allowed to keep. Exemptions are different for each state, and if you’re thinking of filing for bankruptcy, it’s important to know the exemptions for our home state, Pennsylvania. Homestead No exemption for homestead property in Pennsylvania. However, if filer […]
