Pennsylvania Eviction & Foreclosure Moratoriums Extended
People who are overwhelmed by debt during the COVID-19 outbreak may want to consider filing bankruptcy but are concerned about whether filing will have an effect on their stimulus check. This is especially pertinent now as there is serious discussion in Congress about approving a second round of stimulus payments. We have some answers if
You are eligible for bankruptcy case filing fee waiver if you are at or below 150% of poverty level. If your income puts you above 150% of the federal poverty guidelines, the fee is $335 for a Chapter 7—which may be paid in installments. 2020 Federal Poverty Guidelines Number of people in your household (include yourself) 150% of Poverty
With the coronavirus pandemic sending millions of Americans scrambling to make ends meet, another type of economic fallout is bubbling in the background: consumers’ worsening credit status due to late or unpaid bills. But making a bad situation worse, some credit scores are being mistakenly dinged by the very lenders that, thanks to the protections
These are extremely trying times for U.S. workers, with thousands of businesses forced to close and let employees go as part of the efforts being made to combat COVID-19. If you’re out of work and having difficulty finding another job, you likely are piling up a long list of bills with no real source of
Utilities — If you are behind in your utility payments and file for bankruptcy, you can discharge the outstanding bills in Chapter 7 bankruptcy and repay outstanding bills through your repayment plan if you file for Chapter 13 bankruptcy. Public utilities such as the electric company, cannot refuse or cut off service because you have
Bankruptcy will affect your credit score but it may also be the beginning of a plan to improve your score.
Two of your most important possessions are your home and car. Its natural to be concerned about them when considering a bankruptcy. There are lots of ways to protect these assets but its not a guarantee that you’ll be able to keep them. Its important to understand that some of your creditors may have a
With the assistance of an experienced bankruptcy attorney, most people lose few assets in an bankruptcy.
Bankruptcy cannot cure every financial problem. Nor is it the right step for every individual. There are four debt problems that usually cannot be completely solved by filing bankruptcy: creditors with liens on your assets, domestic relations obligations, co-signers on accounts and post-bankruptcy debts. Secured Creditors. In bankruptcy, it is usually not possible to eliminate