Phones Answered 24 Hours A Day Call 800-653-2243
Thompson Law Group, P.C.
Experienced Lawyers on Your Side
Menu / Navigate
Secondary Nav

Chapter 7 bankruptcy may be appropriate choice

For some Pennsylvania residents, keeping up with the monthly bills is a struggle. Many workers find themselves suddenly without a job; college graduates find it difficult to find a job after leaving college. As income dwindles, the bills keep growing. In some cases, filing for Chapter 7 bankruptcy may be the answer.

While the majority of debts are discharged under Chapter 7 bankruptcy, it is important to realize that there are some debts that are not discharged. For example, taxes for recent years will still be owed. This includes federal and state taxes. Additionally, student loan debt is generally not dischargeable, unless the individual is able to prove hardship as outlined by student loan guidelines.

Other debts that will still be owed include those to some pension plans. If one has borrowed money from the pension plan, it may still need to be paid back. Also, if one has been ordered to pay damages due to injury or wrongful death in a drunk driving incident, that payment is generally not dischargeable. Child support is another type of debt generally is still owed after Chapter 7 bankruptcy. Regardless of an individual's circumstances, the parent is still responsible for taking care of the child.

When a Pennsylvania resident finds it too difficult to keep up with the financial burden that debt is causing, it is time to take action. An experienced attorney can offer guidance as to which options are available, and which option is best under the circumstances. For some, Chapter 7 bankruptcy is the appropriate choice.

Source: bankruptcy.findlaw.com, "Debts that Remain After a Chapter 7 Discharge", Accessed on Dec. 21, 2016

No Comments

Leave a comment
Comment Information

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Warrendale Office
Main Office
125 Warrendale-Bayne Road
Suite 200
Warrendale, PA 15086

Toll Free: 800-653-2243
Map & Directions

Pittsburgh Office
DOWNTOWN PITTSBURGH
555 Grant Street Suite 331
Pittsburgh, PA 15219

Toll Free: 800-653-2243
Toll Free: 800-653-2243
Map & Directions

Greensburg Office
GREENSBURG OFFICE
101 North Main Street, Suite 104-A
Greensburg, PA 15601

Toll Free: 800-653-2243
Toll Free: 800-653-2243
Map & Directions

Canonsburg Office
Satellite Office
2400 Ansys Drive
Canonsburg, PA 15317

Toll Free: 800-653-2243
Map & Directions

Monroeville/Wilkins Township office
Satellite Office
400 Penn Center Boulevard
Suite 101
Pittsburgh, PA 15235

Toll Free: 800-653-2243
Map & Directions