Cibik, Author at Cibik Law: Philadelphia Bankruptcy Lawyers

08 Mar Mortgage Foreclosures in Pennsylvania Are On the Rise

Posted at 13:33h in Foreclosure, Uncategorized by Cibik 0 Comments

The current economic situation has put a strain on many people. This is resulting in an increase in mortgage foreclosures. The best way to stop mortgage foreclosures is to work proactively with your bank. So, what is going on with mortgage foreclosures? Mortgage Foreclosures in PA Are...

10 Jun Can I Sue Someone Who Has Filed For Bankruptcy?

Posted at 16:57h in Uncategorized by Cibik 0 Comments

Bankruptcy's automatic stay stops most lawsuits once the bankruptcy is filed. Typically, you will not be able to file a lawsuit if it relates to certain debts which include: personal loans, credit card balances, medical bills, utility bills, unpaid rent, unpaid car payments, home foreclosures or accidental personal injury cases.

01 Jun Do Bankruptcy Courts Ever Deny Bankruptcies?

Posted at 14:57h in Uncategorized by Cibik 0 Comments

Every year, thousands of Americans file for bankruptcy to achieve a fresh start with their finances. If you have little income and significant debt, you could be eligible for a Chapter 7 bankruptcy. At the end of a Chapter 7 bankruptcy, the bankruptcy court will effectively eliminate most of your unsecured debts. Not everyone qualifies for a Chapter 7 bankruptcy, however. Those who do not qualify for a Chapter 7 bankruptcy can apply for a Chapter 13 bankruptcy.

25 May Can Bankruptcy Modify the Collection of Debt?

Posted at 12:27h in Uncategorized by Cibik 0 Comments

Do you receive late notices and collection letters in the mail? You probably opened them at first, but now do you just throw them in an unopened pile, hoping to deal with them later - and later never comes?

25 May Can I Keep My Tax Refund in Chapter 13 Bankruptcy?

Posted at 12:26h in Uncategorized by Cibik 0 Comments

In a Chapter 13 bankruptcy, a person must pay all of their disposable income into their Chapter 13 repayment plan. Disposable income is any income that is not used for reasonable and necessary expenses such as shelter and food. When you receive a tax refund during a...

03 May How to File for Bankruptcy in Philadelphia

Posted at 15:08h in Uncategorized by Cibik 0 Comments

Filing for bankruptcy is a tedious process, so we’ll walk you through the basics. We offer a free consultation for anyone considering bankruptcy where we will discuss your finances, debts, and goals. For some, bankruptcy may not be the best option. For others, you may need assistance learning which type of bankruptcy between Chapter 7, Chapter 11 and Chapter 13 makes the most sense for your financial situation.

22 Apr What Happens When a Home Does Not Sell After a Sheriff’s Auction?

Posted at 15:13h in Uncategorized by Cibik 0 Comments

As the coronavirus pandemic continues, many Americans have been struggling to pay their mortgages and other bills. When a property has unpaid debts associated with it, the city of Philadelphia can sell the property in a Sheriff's sale, which is a type of auction. The money that comes from the sale goes to pay for the unpaid debt, such as delinquent property taxes for other municipal liens. The goal of a Sheriff's sale in Philadelphia is to recover enough money to clear the debt and liens on the property, so the new owner owns the title free and clear. What happens when a home does not sell after a sheriff's auction?

06 Apr Can You be Denied a Chapter 13 Bankruptcy?

Posted at 13:41h in Uncategorized by Cibik 0 Comments

One of the questions new clients frequently ask us is whether they can be denied a Chapter 13 bankruptcy. There are two main ways that you can be denied a Chapter 13 bankruptcy in Philadelphia. First, you may not meet the eligibility requirements to file for Chapter 13 bankruptcy. If your secured and unsecured debt exceeds certain amounts, the bankruptcy court will not take your case. Second, you could be denied during the bankruptcy proceedings due to fraud or other issues that arise.

05 Apr What Are Five More Silly Reasons Not To File For Bankruptcy?

Posted at 14:09h in Uncategorized by Cibik 0 Comments

ANSWER: 1. You can't be sued to collect on a debt. Sure, that Sheriff or Process Server that comes to your door at 5:00 a.m. is a really nice guy, and you'll miss those early morning visits, but the fun has to end sometime. More than ever,...

22 Mar Why Should I File a Chapter 7 Bankruptcy?

Posted at 10:58h in Uncategorized by Cibik 0 Comments

Filing Chapter 7 bankruptcy in Philadelphia, Pennsylvania, gets rid of debts you cannot afford to pay. It gives you a fresh start to recover from a financial crisis. Filing a Chapter 7 bankruptcy can protect some property from creditors while allowing you to rebuild your finances.