Contact a Philadelphia bankruptcy lawyer for information about your options
A Philadelphia bankruptcy lawyer may be able to stop the harassing phone calls and past due notices and protect your home and other assets. With the help of an experienced Philadelphia bankruptcy lawyer you may be able to liquidate unsecured debts by filing under Chapter 7 or file for a repayment plan under a Chapter 13 to repay your secured debts.
When you hire an experienced Philadelphia bankruptcy lawyer to help you file for debt protection, a reaffirmation agreement may be negotiated. In this agreement, you might agree to continue making payments in exchange for your right to keep your property. The United States Bankruptcy Code also has provisions that might reduce the outstanding balance on these loans.
Whether your Philadelphia bankruptcy lawyer files under Chapter 7 or Chapter 13, you will still be liable for child support, taxes and student loans. In the case of significant non-dischargeable debts, a Chapter 13 filing might be your best option. If most of your debts are unsecured and you have no way to ever repay them, then a Chapter 7 may be the better option.
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Total Bankruptcy - everything you need to be an educated consumer.
Our site contains critical information on both types of consumer debt consolidation filings, changes in the law, identity theft and how to cope afterwards.
A sponsoring bankruptcy lawyer of Total Bankruptcy will review your situation and contact you for a free, no-obligation consultation. If you're hesitating to file because of the stigma involved, or because you have a vague sense that it's wrong, don't hesitate any longer. Bankruptcy protection is nothing to be ashamed about. In fact, Congress passed the laws to encourage financially troubled individuals to get their financial lives together by becoming productive individuals. In many cases, the alternative to you is the shame and hardship of harassing creditors, a bad credit record, and a possible lifetime of unending financial hardship.
Learn about Chapter 13 and Chapter 7
If you are suffering under a mountain of debt and expenses that you just can't keep up with, but you do have a job or some other source of regular income that you can use to make payments under a repayment plan, a Chapter 13 debt consolidation filing may be right for you. You may be able to use Chapter 13 to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start. A Chapter 7 filing may be more appropriate if you have lots of unsecured debts and do not have any secured debts such as equity on your home or car.
It can be difficult for consumers to file under Chapter 7 or Chapter 13, and wipe out credit card bills and other unsecured loans. Debtors with above-average incomes are forced into Chapter 13 plans instead of Chapter 7 -- forcing them to repay more debts. Debtors with incomes above their state's median and with the means to pay some debts are not allowed to file under Chapter 7.
Call 1 (877) 349-1309 and talk to one of our experienced attorneys. Or use our free secure online case evaluation form to see if you qualify.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.