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How Can Cibik & Cataldo Bankruptcy Attorneys Help You?

Cibik & Cataldo, P.C. provides cost effective bankruptcy services to the Philadelphia area. This bankruptcy firm provides consumer bankruptcy services, focusing on individuals and small businesses. Cibik & Cataldo, P.C. operates in a fully-staffed office in Center City, Philadelphia, serving the citizens of Philadelphia and the surrounding areas. 

Bankruptcy attorneys Michael A. Cibik, Esq. and Michael A. Cataldo, Esq. have filed over 20,000 personal bankruptcies, each with compassion and respect for their clients. Both attorneys are certified by the American Bankruptcy Certification Board, meeting the rigorous benchmarks required by the ABC and maintaining a standard of excellence. Cibik & Cataldo provides bankruptcy services including mortgage foreclosure assistance, debt relief options, medical debt cases, and small business bankruptcy claims. 

Bankruptcy is a legal lifeline for those struggling with their debt. It can be difficult to know when you should file for bankruptcy, but Cibik & Cataldo, P.C. offers a free consultation for those considering bankruptcy. Attorneys Cibik and Cataldo are happy to help discuss your options and find the right solution for your unique situation. Meet with our attorneys to discuss your financial situation in a no-pressure environment. If filing for bankruptcy is your best option, our attorneys can help you navigate through the process. With years of experience, Cibik & Cataldo can guide you in which type of bankruptcy to file and the necessary paperwork, fees, and processes necessary to file for bankruptcy.

When should I declare bankruptcy? 

Declaring bankruptcy is an involved process, and the choice to declare bankruptcy should be made with ample thought and consideration. Generally, people file bankruptcy when they are facing divorce, are in danger of foreclosure, or when debt becomes overwhelming. Every situation is different, so it can be hard to know when it’s time to declare bankruptcy. Cibik & Cataldo, P.C. offers free consultations for anyone in need of debt relief or considering bankruptcy. Schedule a free consultation with the attorneys at Cibik & Cataldo to discuss whether or not bankruptcy is the best option for your financial situation. 

Does bankruptcy clear all debts?

Bankruptcy can help eliminate some debt, but it does not necessarily clear all debt. Some kinds of debt cannot be cleared by filing bankruptcy. Bankruptcy cannot eliminate child support or alimony payments, most tax debt, or other non-dischargeable debts such as personal injury payments, fines, or criminal penalties. Bankruptcy also cannot eliminate student debt in most cases. 

How much does it cost to declare bankruptcy?

Filing for bankruptcy can be costly on its own. Fees for bankruptcy can grow as high as $1500 to $4000. At Cibik & Cataldo, we understand the stress that our clients face when dealing with debt and bankruptcy. We offer cost-effective services so that our clients can focus on eliminating their existing debt without incurring new debt. 

Do I lose everything if I file bankruptcy? 

Under chapter 13 bankruptcy, people generally keep all property by committing to a payment plan to pay off creditors. If you file for chapter 7 bankruptcy, it is possible to lose assets. At Cibik & Cataldo, we strive to help our clients retain as much of their property as possible when facing bankruptcy. 

How does bankruptcy affect credit? 

Depending on the type of bankruptcy you file and the severity of your debt, bankruptcy can help improve your credit score. Failing to file bankruptcy and facing collection agencies can hurt your credit score even more. Call the attorneys at Cibik & Cataldo to discuss whether bankruptcy is the right choice for you. 

How soon will my credit score improve after bankruptcy? 

The key to rebuilding credit after filing is to stay out of debt, pay off all bills on time, and maintain a strict budget. We often see credit scores improve within a year of filing bankruptcy.

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Cibik & Cataldo: Philadelphia Bankruptcy Lawyers