Mortgage Foreclosures in Pennsylvania Are On the Rise
The current economic situation has put a strain on many people. This is resulting in an increase in mortgage foreclosures. The best way to stop mortgage foreclosures is to work proactively with your bank. So, what is going on with mortgage foreclosures? Mortgage Foreclosures in PA Are On the Rise Foreclosure filings are on the […]
Can I Sue Someone Who Has Filed For Bankruptcy?
Bankruptcy’s automatic stay stops most lawsuits once the bankruptcy is filed. Typically, you will not be able to file a lawsuit if it relates to certain debts which include: personal loans, credit card balances, medical bills, utility bills, unpaid rent, unpaid car payments, home foreclosures or accidental personal injury cases.
Do Bankruptcy Courts Ever Deny Bankruptcies?
Every year, thousands of Americans file for bankruptcy to achieve a fresh start with their finances. If you have little income and significant debt, you could be eligible for a Chapter 7 bankruptcy. At the end of a Chapter 7 bankruptcy, the bankruptcy court will effectively eliminate most of your unsecured debts. Not everyone qualifies […]
Can Bankruptcy Modify the Collection of Debt?
Do you receive late notices and collection letters in the mail? You probably opened them at first, but now do you just throw them in an unopened pile, hoping to deal with them later – and later never comes?
Can I Keep My Tax Refund in Chapter 13 Bankruptcy?
In a Chapter 13 bankruptcy, a person must pay all of their disposable income into their Chapter 13 repayment plan. Disposable income is any income that is not used for reasonable and necessary expenses such as shelter and food. When you receive a tax refund during a Chapter 13 bankruptcy, the trustee may consider those funds as […]
How to File for Bankruptcy in Philadelphia
Filing for bankruptcy is a tedious process, so we’ll walk you through the basics. We offer a free consultation for anyone considering bankruptcy where we will discuss your finances, debts, and goals. For some, bankruptcy may not be the best option. For others, you may need assistance learning which type of bankruptcy between Chapter 7, […]
What Happens When a Home Does Not Sell After a Sheriff’s Auction?
As the coronavirus pandemic continues, many Americans have been struggling to pay their mortgages and other bills. When a property has unpaid debts associated with it, the city of Philadelphia can sell the property in a Sheriff’s sale, which is a type of auction. The money that comes from the sale goes to pay for […]
Can You be Denied a Chapter 13 Bankruptcy?
One of the questions new clients frequently ask us is whether they can be denied a Chapter 13 bankruptcy. There are two main ways that you can be denied a Chapter 13 bankruptcy in Philadelphia. First, you may not meet the eligibility requirements to file for Chapter 13 bankruptcy. If your secured and unsecured debt […]
What Are Five More Silly Reasons Not To File For Bankruptcy?
ANSWER: 1. You can’t be sued to collect on a debt. Sure, that Sheriff or Process Server that comes to your door at 5:00 a.m. is a really nice guy, and you’ll miss those early morning visits, but the fun has to end sometime. More than ever, Creditors and Debt Collectors are suing people to […]
Why Should I File a Chapter 7 Bankruptcy?
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.