Blog - Cibik Law
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. 
22 March, 2021 /
Healthcare costs are soaring, and many Americans do not have adequate health insurance coverage. As a result, medical debt is on the rise. A recent study showed that 41% of all working-age Americans — 72 million people — have medical debt problems or are currently paying off medical debt. Additionally, seven million elderly adults also have medical debt. In total, 79 million Americans struggle to pay off medical debt. 
04 March, 2021 /
At the end of December, more than 787,000 Americans had filed for unemployment. Many Americans have been laid off or had their work hours reduced due to the coronavirus pandemic. If you are struggling to pay your mortgage, you are not alone. Many Americans are trying to find a way to continue paying their mortgages during these challenging financial times. 
04 February, 2021 /
Financial experts predict that there could be a sharp increase in bankruptcy filings happening in the next few months. Government shutdowns related to the coronavirus pandemic have caused significant financial challenges for many Americans who have lost their jobs or experienced a decrease in pay. The federal government and state governments have adopted programs to help families who cannot pay their bills. 
28 December, 2020 /
Many Americans are struggling financially due to the coronavirus pandemic. An estimated 205 million people are at risk of their utilities being disconnected, and many more are in jeopardy of their vehicles being repossessed and their homes being foreclosed. A significant number of Americans have been laid off or experienced a reduction in their work hours, causing them not to be able to pay their bills on time. Recovering from the coronavirus shutdowns will take time, but Americans who are struggling do have options. One of those options is to file for bankruptcy. Filing for Chapter 13 bankruptcy is a viable option for helping you get back on your feet financially. What happens after you finish paying off a Chapter 13 bankruptcy?
25 November, 2020 /

Let's answer the top-line question right out of the gate: yes, filing for bankruptcy protection can most certainly save your business. The benefits of the bankruptcy laws do not exist solely for big companies. In fact, they can apply with equal effectiveness to save your...

30 October, 2020 /

The question can be taken on several levels. To take it literally: Yes, you can buy a house if you pay all-cash so you don't need a mortgage. Of course, that applies to very, very few individuals who declare bankruptcy under Chapter 7 (or sometimes Chapter...

21 October, 2020 /
Cibik Law: Philadelphia Bankruptcy Lawyers