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How to Bounce Back from Your Holiday Debt Hangover

It goes without saying that you shouldn’t take on debt if you don’t need to. However, many residents of Philadelphia and others spread throughout the rest of PA are going to start 2017 seeking help in managing the debt they accumulated while holiday shopping. If that sounds like you, we want you to know that […]

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All About Filing for Chapter 13 Bankruptcy

The decision to file for bankruptcy isn’t an easy one; however, it can wind of being one of the best decisions you’ll ever make — it’s also nothing to be embarrassed about. Here at Cibik & Cataldo PC, we’ve been the leading personal bankruptcy lawyers serving Philadelphia County, PA for years. As such, we know […]

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Chapter 7 Bankruptcy: What is it?

As some of the most trusted bankruptcy attorneys in Philadelphia County, PA, Cibik & Cataldo PC helps individuals and businesses navigate the treacherous waters of bankruptcy. The process of filing can seem extremely tedious and intimidating, but with the guidance of the right attorney, it doesn’t have to be.   There are three common forms […]

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Should You Buy a Car Prior to Filing Bankruptcy?

Should You Buy a Car Prior to Filing Bankruptcy?

You may want to consider buying a car prior to filing your Chapter 13 bankruptcy case.

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Can I Discharge Tax on Late Filed Returns?

Can I Discharge Tax on Late Filed Returns?

Bankruptcy can discharge income tax if certain conditions are met.  One required condition is that returns must have been filed.  Some bankruptcy courts have recently taken the position that a return filed after the statutory deadline does not qualify as a return for the purpose of bankruptcy discharge. 

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Credit Report Errors Cause Higher Interest Rates

Credit Report Errors Cause Higher Interest Rates

After filing bankruptcy people are often interested in trying to rebuild their credit, and a Chapter 7 or Chapter 13 bankruptcy can be a good first step to repairing your credit. The information contained in your credit report is important and that information must be accurate. Credit reporting agencies (CRA) such as Experian, Equifax and […]

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Can An Illegal Immigrant File For Bankruptcy?

Can An Illegal Immigrant File For Bankruptcy?

An illegal immigrant can file for bankruptcy in the United States.  There is no reference to a citizenship requirement in the Bankruptcy Law.  US Code §109 provides the requirements to be a “debtor.”

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How to Understand the Chapter 13 Plan Payment

How to Understand the Chapter 13 Plan Payment

A chapter 13 bankruptcy is a plan to re-organize a debtor’s liabilities and get a fresh start unburdened by mounting unsecured debt (credit cards, medical bills, etc.). Such a plan requires payments to a bankruptcy trustee or administer. But how much are those payments?

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Why File Chapter 7 Business Bankruptcy?

Why File Chapter 7 Business Bankruptcy?

Corporations and LLC’s don’t get a discharge in a Chapter 7 bankruptcy, so what’s the point of filing? Ensuring that business assets go to pay payroll, benefits, and taxes is a compelling reason.

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How can bankruptcy affect my children?

How can bankruptcy affect my children?

1. STRESS: Being deep in debt, receiving harassing calls from creditors, being threatened with garnishment, repossessions and foreclosure will often cause you and your spouse to experience overwhelming stress and anxiety. Your children, even young ones, also feel the stress. It affects their school work and their emotional and physical health Uncontrolled debt often leads […]

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