Guiding You Through The Personal Bankruptcy Process
The idea of filing for bankruptcy is often emotionally overwhelming. To many people, bankruptcy seems like the worst option — a last resort or a sign of failure. That, however, is not true.
In fact, bankruptcy is a responsible way to deal with insurmountable debt. It shows creditors that you are serious about regaining your financial footing, and it can stop a foreclosure in its tracks. At Thompson Law Group, P.C., in Pittsburgh, our personal bankruptcy lawyer is prepared to help you navigate the process, one step at a time.
Bankruptcy is a responsible debt relief option for many people, but an inaccurate bankruptcy filing can result in criminal charges. We will help make sure you get it right. Schedule a free consultation today.
Which Type Of Bankruptcy Is Right For You?
The two most common types of personal bankruptcy are Chapter 7 and Chapter 13. Our bankruptcy attorney will help you determine which is best for you by assessing your debts, assets and income.
If you file for Chapter 7 bankruptcy, you will:
- Discharge unsecured debts, including credit card debts and medical debt
- Protect your assets, including your home, in many cases
- Stop harassing phone calls from creditors
In addition to the benefits provided by Chapter 7, Chapter 13 bankruptcy also allows you to create a three- to five-year creditor repayment plan. Any debt left at the end of that time will be discharged.
To learn more about the benefits of bankruptcy, read Brian C. Thompson’s article ” Debt Settlement or Bankruptcy?”
Don’t File For Bankruptcy Alone
Many people think that filing for bankruptcy is as easy as completing some paperwork. In reality, personal bankruptcy is an extremely complex process, and the consequences for filing incorrectly are grave. If a bankruptcy filing is not handled properly, you risk:
- Being charged with bankruptcy fraud, which can result in prison time or large fines
- Having your filing dismissed, which can lead to the liquidation of your assets
Our attorneys have years of experience helping people in Pittsburgh and throughout Allegheny County file for bankruptcy correctly. We know Pennsylvania and federal laws inside and out, and we will help you file in a way that is most beneficial for you.
Schedule A Free Consultation
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.