Lawyers are not interchangeable. One lawyer is not necessarily as good as another. Price is probably the poorest basis on which to choose an attorney. Bankruptcy law is not about filling out forms. You do file forms in bankruptcy, but the job requires a lawyer because it is not obvious what information goes in those…

Times are tough, money is tight and you are drowning in debt. You have nowhere to turn, and much like Michael Scott on “The Office” you just want to step outside and shout at the top of your lungs, “I. Declare. Bankruptcy!” But the world doesn’t work like that. Bankruptcy is not a simple or…

Michael A. Cibik, Esq. writes a regular column titled “Understanding Bankruptcy” that appears in the Philly Record. This is that column. Question:  Business Bankruptcy: Unemployed?  Is Now The Time To File Bankruptcy? Before the bankruptcy laws were “reformed”, my rule of thumb was not to file bankruptcy when you were out of work.  For most folks, they had nothing…

Michael A. Cibik, Esq. writes a regular column titled “Understanding Bankruptcy” that appears in the Philly Record. This is that column. Question: Business Bankruptcy: When, How, and What Kind? If you own your own business, and that business is in trouble, or even just not doing as well as it once was, among the tools you should consider…

Michael A. Cibik, Esq. writes a regular column titled “Understanding Bankruptcy” that appears in the Philly Record. This is that column. QUESTION:  Another Way How To Miss Out On Discharging Credit Card Debt? There are two basic ways to blow your chance to discharge the balance on your credit card in bankruptcy: Lie on the credit application to…

Saving and spending money is not easy, especially when everything seems to be so expensive. Over time, you may have found yourself in a troubling financial situation for multiple reasons. We’ve created 5 easy steps you should take before filing for bankruptcy in Philadelphia. Contact a bankruptcy attorney today   Suppose you owe money for…