Bankruptcy can be a complex process, and the average person probably isn’t equipped to go through it alone. Working with a bankruptcy attorney can help ensure your bankruptcy goes as smoothly as possible and complies with all the applicable rules and regulations governing bankruptcy proceedings.
Our attorneys have successfully handled many Chapter 7 and 13 bankruptcies across Pennsylvania. Our attorneys are ready to evaluate your situation and help you decide whether bankruptcy is the right decision for you.
Most people filing bankruptcy will want to file under either Chapter 7 or Chapter 13. Either type of case may be filed individually or by a married couple filing jointly. Chapter 7: is known as “straight” bankruptcy or “liquidation”. It requires an individual to give up property that is not otherwise ”exempt” under the law, so the property can be sold to pay creditors. Generally, those who file Chapter 7 keep all their property except property that is very valuable or that is subject to a lien they cannot avoid or afford to pay. Chapter 13: is a type of “reorganization” used by individuals to pay all or a portion of their debts over a period of 3-5 years using their current income.
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