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...
Personal Bankruptcy
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...
What does the trustee do in a Chapter 7 bankruptcy?
When a Pennsylvanian has financial problems that he or she cannot get out from under and would like to clear them, personal bankruptcy is a viable and legal option to do so. For those with significant unsecured debt and little property, the most common alternative is...
Chapter 13 and the requirements to make it work
When a Cranberry Township debtor decides to take the steps necessary to get back on stronger financial ground and would like to ensure that he or she can keep certain possessions like a home or an automobile, they will choose Chapter 13 bankruptcy. While this is a...
The automatic stay via personal bankruptcy: How does it help?
Pennsylvanians who are in debt and do not know how they will get back on stronger financial ground are wise to consider bankruptcy. Many benefits of personal bankruptcy are relatively well-known. That includes the chance to discharge debt, restructure debt and put a...
Legal help is crucial when considering filing for bankruptcy
Financial problems in for Pennsylvanian can occur for a variety of reasons in their personal and professional life. While it might seem like an act of avoiding one's responsibilities and not paying what is owed, bankruptcy is a useful strategy to get back on stronger...