What is a Sheriff’s Sale? What You Need to Know in Pennsylvania
A sheriff’s sale can occur when a homeowner is unable to make good on their mortgage payments. It may seem like just another type of repossession sale, but there are a few factors that can cause some surprising turns. Understanding the ins-and-outs of how this type of sale works will ensure you make an educated, […]
What is the Small Business Reorganization Act? (SBRA)
For years, small business debtors struggled to reorganize effectively after filing for Chapter 11 Bankruptcy. However, the signing into law of the Small Business Reorganization Act of 2019 (SBRA) aims to address some of these issues. SBRA (aka new Chapter 11v) will strike a balance between chapters 7 and 11 bankruptcies for small-business debtors. As […]
Repossession Laws in Philadelphia, Pennsylvania
Thousands of Pennsylvanians owe money to a bank, finance company, or creditor. The lender, when providing funds, often has a security interest in property owned by the borrower — a phenomenon known as collateral. Having this security interest provides protection to the creditor in the event the borrower doesn’t repay the loan, allowing them to […]