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...
Debt Relief
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...
Personal bankruptcy is not a bar to a career in public service
Both in Pennsylvania and throughout the country, people who have been through a bankruptcy are becoming more accepted in public service professions, such as serving in a legislative body or otherwise holding public office. Some of them even champion fiscally...
Bankruptcy laws may be modified to allow student loan discharges
A major dilemma faces the government and the banking industry with respect to the $1.2 trillion in student loan debt that has riddled the country in the past several years. President Obama proposed that bankruptcy be brought back to allow for student debt forgiveness,...
Consumer bankruptcy survives worn-out, unsupportable myths
Although bankruptcy is authorized by federal law, certain myths associated with this legal remedy continue to persist. The myths serve to perpetuate a negative stigma about bankruptcy in Pennsylvania and throughout the country; however, they are not based in...
Venerable theater complex files Chapter 7 and closes doors
Every once in a while, the filing of a Chapter 7 bankruptcy in Pennsylvania or another state marks the end of life for a cherished local tradition. It may be an ancient landmark connoting a significant historical event. It could be an old hotel that catered to the...
The source of medical debt and bankruptcy statistics
Most Pennsylvania residents are aware that one of the leading causes of personal bankruptcy is the medical debt that follows a significant illness or injury. However, few understand just how the statistics supporting this claim are gathered. A recent article takes a...