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...
Personal Bankruptcy
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...
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...