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...
Personal Bankruptcy
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...
Dealing with credit card debt sent to collections
When a Pennsylvania consumer is behind on credit card payments, the company will try and collect payment. It may charge late fees, send letters or call the cardholder in an attempt to get even a minimum payment on the amount owed. After a certain amount of time...
Can you receive a hardship discharge under Chapter 13?
When Pennsylvania residents consider filing for Chapter 13 bankruptcy, there are several reasons why this can be preferable to a liquidation under Chapter 7, not the least of which is the oft-mentioned and accurate statement that a person can "keep your home" and...
What should I know about credit counseling with Chapter 7?
When a debtor in Pennsylvania is experiencing financial hardship and takes the wise step in consider Chapter 7 bankruptcy, it is not uncommon for there to be certain aspects of the process that are concerning or outright intimidating. It is not a simple matter of...
What should I know about a Chapter 13 bankruptcy discharge?
For debtors in Pennsylvania who want to restructure debt and keep a home or a motor vehicle, Chapter 13 bankruptcy might be a worthwhile option. Before taking that step, however, there are important points to keep in mind. The discharge itself is a key factor in a...
Study finds more elderly people file for personal bankruptcy
Pennsylvanians who are facing substantial debt with no clear way of paying it will inevitably have concerns about what the future holds. This is especially true for older Americans 65 and above. For them, the idea of not paying their debts can be a frightening thought...
What should I know about the Chapter 13 repayment plan?
Pennsylvanians who find themselves deep in debt with seemingly no way out are wise to consider the benefits of bankruptcy. For those who have property they want to keep such as a home or a car and earn regular income, Chapter 13 is often the preferable option. The...
