Pennsylvania Chapter 7 and Chapter 13 Bankruptcy Lawyers
Despite the major changes made to the bankruptcy laws in 2005, the number of Chapter 7 bankruptcy filings per quarter has steadily increased since that time. This figure aptly demonstrates that bankruptcy, a legal process which enables people with overwhelming debt to obtain a fresh financial start, remains a viable option for many financially distressed Americans.
Stop Foreclosure ◦ Stop Creditor Harassment
You may be considering filing for bankruptcy because your home is up for foreclosure or because you simply cannot get your debt under control. In fact, debt can be caused by virtually anything from a medical crisis, to a natural disaster or a lost job. Yet no matter the cause of your debt, it is important to understand that you do have options.
A cautionary note: Please be cautious of so-called consumer debt counseling. While these plans purport to assist you with getting out of debt, they often do nothing to address the underlying problem, such as your inability to meet medical expenses or mortgage payments. In fact, they are little more than money-making schemes.
Chapter 7 Bankruptcy and Chapter 13 bankruptcy
Chapter 7 bankruptcy is a process whereby a debtor can eliminate a significant portion of their total debt through the liquidation/sale of certain assets. Contrary to popular belief, filing for Chapter 7 bankruptcy is not financial suicide. In fact, many people are able to keep their home, car and other necessary items and also obtain credit.
Chapter 13 bankruptcy involves working with an attorney to create a structured payment plan to pay off a reduced amount of the total debt over a 3-5 year period. The payments are made using the debtor’s disposable income, meaning the money they have left after all necessary expenses have been paid.
When overwhelming debt is at your door, please contact an experienced bankruptcy lawyer at Clymer, Musser & Conrad, P.C. in Lancaster, Pennsylvania today.
A Pennsylvania Bankruptcy Law Firm Dedicated to Protecting Clients' Rights
Perhaps best known for our civil rights and constitutional law practice, we nevertheless fight just as hard to protect our clients' legal rights in a wide array of legal practice areas, including criminal defense, employment discrimination and bankruptcy. Our attorneys can help you determine whether or not you qualify for much-needed debt relief by way of Chapter 13 bankruptcy or Chapter 7 bankruptcy.
Fulfilling Our Calling As Attorneys by Providing Superior Legal Services Grounded on Our Belief That We Should Seek Justice for Our Clients