Dealing with more debt that one can manage can be an overwhelming and stressful problem. A Pennsylvania consumer may be facing things like harassment from creditors, threats of wage garnishment and other consequences that affect things beyond his or her financial...
Debt Relief
More consumers making risky choices regarding debt
Many in Pennsylvania are struggling to simply pay their bills and make ends meet each month. Due to a faltering economy, families are having to rely on loans, credit cards and financial help from friends and family to take care of even the most basic of expenses. As a...
Is debt consolidation or bankruptcy a better choice?
It is easy for a Pennsylvania consumer to be overwhelmed by credit card debt. A few missed payments or an extended period of time just paying minimum payments can ultimately result in a balance that someone may not be able to manage on his or her own. This can lead to...
Forgiven debt can lead to more financial troubles
Pennsylvania consumers who are facing overwhelming debt may look for relief from various sources, including debt settlement companies. These are organizations that help a consumer reach deals with creditors and debt collection companies. While settlement can offer...
Is Chapter 13 the right financial decision?
Financial struggles happen for many reasons, and often it is because of factors beyond a Pennsylvania consumer’s control. A medical emergency, job loss, pay cut or other unexpected life event can wipe out savings, and eventually, it can become difficult to manage...
Consumer with student loan debt may benefit from bankruptcy
Student loan debt is at a record $1.35 trillion, and the situation may pose ominous threats to domestic economic stability. It is therefore puzzling to some why the United States Congress went to such lengths in 2005 to make it so much harder for consumers to...
Consumer bankruptcy filing may be indicated by certain formulas
For consumer borrowers in Pennsylvania, a calculation called the debt-to-income ratio is sometimes helpful in determining whether the consumer can pull out of the debt situation without filing bankruptcy. A debt-to-income ratio of 20 percent is considered low by the...
Bankruptcy may erase unsecured debt and allow retention of house
Consumers in Pennsylvania who are so overwhelmed with unsecured debt that it would take many years to pay their way out of it may be concerned about how to resolve the issue. When an individual or married couple cannot pay a reasonable amount each month toward their...
Bankruptcy gives a fresh start from overwhelming unsecured debt
During a typical consultation with a consumer bankruptcy attorney, one central question is often whether the individual or married couple really need to file a bankruptcy or whether there is an easier, less consequential, remedy available. The answer will often be the...
Debt relief re bankruptcy in Pennsylvania
Some Pennsylvania residents might find themselves in need of seeking effective solutions for significant financial problems. Many fail to consider bankruptcy as a potentially viable option. Whether one's financial strain is personal or related to business, issues...