Making the decision to file for bankruptcy is not an easy one. You may have made this choice after a lengthy time of struggling to keep up with your payments and watching your unpaid balances continue to grow. Debt collectors, wage garnishment and threats of...
Personal Bankruptcy
6 Reasons to choose the Chapter 7 bankruptcy option
Making the choice to file for bankruptcy is not easy, and it is likely that you are considering this option because you are struggling with the implications of overwhelming debt. If you are no longer able to manage your payments, you may benefit from the protections...
Will bankruptcy include my student loans?
Like many Americans, you followed the advice of well-meaning people who urged you to go to college. Perhaps you even got your post-graduate degree expecting that it would open many doors for you and save you from financial struggles. Unfortunately, even a degree from...
7 exceptions to Chapter 7 discharge
If you are like many in Pennsylvania and across the country, unprecedented world events have left you facing possibilities you never imagined, and it can be very frightening. Fortunately, you may be among those who qualify for Chapter 7 bankruptcy, which can bring an...
What can I expect from my Chapter 13 payment plan?
Filing for bankruptcy is seldom an easy decision, but it can mean relief from the burden of overwhelming debt. In most cases, individuals file either for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 involves the liquidation of some unnecessary assets to repay part of...
Can Chapter 13 bankruptcy help with student loans?
Many Americans have debt, and a significant number have debt associated with student loans. Higher education is expensive, and many have to rely on loans to pay tuition and housing costs. As a result, Pennsylvania college students may graduate with a significant...
Why baby boomers may want to consider bankruptcy
With the baby boomer generation nearing retirement or already into their post-career life, financial problems can be especially concerning. Unfortunately for many in this demographic, certain struggles can leave them with money-related woes throughout their golden...
More Americans are struggling with debt and past-due payments
This is a difficult time for many Americans, and many are dealing with serious financial setbacks such as job loss or a reduction in income. As a result, it is difficult for some Pennsylvania families to make payments on basic monthly expenses, such as their home...
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...
Is a personal loan the right way to deal with medical bills?
Health care is expensive, even for those who have health insurance. A health emergency, unexpected injury or unplanned surgery can result in medical bills that can quickly wipe out a Pennsylvania family’s savings. These bills may continue to add up, and some...