Bankruptcy Attorney in Bala Cynwyd
Bankruptcy lawyers that have helped people in Bala Cynwyd, Ardmore, Penn Wynne, Wynne Station and Merion Station with their debt for over 20 years!
Bankruptcy lawyer David M. Offen, Esq. looks forward to helping you achieve a fresh start. Often bad things happen to good people. Bankruptcy and other debt solutions are available for the honest but unfortunate debtor who is suffering from unexpected medical bills, a job loss, or a divorce.
Our law firm practices debt negotiation and settlement and has helped families keep their homes under the threat of foreclosure. We have also helped people get their cars back after repossession, and get the loan arrears paid.
Do you need instant protection from a collections or foreclosure lawsuit in Bala Cynwyd or a surrounding location? Call us to schedule your free consultation.
Do You Need Help Filing for Bankruptcy?
For over 20 years, experienced and compassionate Philadelphia bankruptcy attorney David M. Offen has helped his clients fix their financial troubles. When you work with our firm, you know you can expect a free initial consultation, affordable legal fees and payment plans, appointments available during the day and in the evenings, and the personal attention you need and deserve.
Why You Shouldn’t File A Bankruptcy Petition Before Consulting With an Attorney
There is a lot of misinformation about bankruptcy. You need accurate and up-to-date information from a trusted source, like an experienced bankruptcy attorney. All of your questions will be answered, and you will walk out of our office feeling relieved and excited to get the bankruptcy process started. Plus, our office staff is friendly and supportive. We will all be there for you, every step of the way.
Chapter 7 and Chapter 13 Bankruptcy FAQs
Everyone has a unique financial situation, thus the need for a consultation. In the meantime, here are some answers to the most frequently asked questions about bankruptcy:
No. We know that rumor is out there, but the problem is greatly exaggerated. Most of your possessions will be protected by what are called “exemptions,” which place them out of reach of the trustee.
While the trustee does indeed have the power to seize and sell your non-exempt assets for the benefit of your creditors, we will sit down with you and review all you own to make sure that everything is exempt.
It’s true your credit score will take a hit if you file bankruptcy, and the filing can remain on your credit report up to ten years. But isn’t your credit suffering from unpaid bills anyhow? If you file, you get your debt discharged and all of a sudden your income-to-debt ratio improves greatly. Soon your credit score improves as a result!
You can call us to schedule your free consultation, and when we meet we will take a look at your situation and apprise you of your options.
Whether you can afford to keep your home or not, bankruptcy can provide the most efficient and painless way to deal with your property. If you can afford to pay the arrears on your mortgage over 3 or 5 years in addition to your mortgage payment, Chapter 13 is for you. If you can’t afford your monthly payment at all, we can help you negotiate with your lender for a loan you can manage, or we can help you file Chapter 7 and surrender the home to the lender. In that case you are discharged from the underlying mortgage, and you walk away from the property with no liability.
You can file a Chapter 7 bankruptcy case and legally “surrender” the car, walking away from it and the lease with no further liability.
This type of scenario is exactly what Chapter 13 is for. The moment you file a Chapter 13 petition, the automatic stay is in place and your lender is “stayed” or stopped from repossessing your car. Your Chapter 13 plan will provide for payment of the loan arrears over three or five years, depending on your income and the amount you owe.
You might be able to even “cram down” your car to current market value and pay less for it, if you owe more than market value on the loan. Yes, Chapter 13 is that powerful.
If you have more than one mortgage on your home, and your home is worth less than that first mortgage, you can “strip off” a second or even third mortgage and have the amount discharged in a Chapter 13 filing. Again, another way Chapter 13 is powerful.
Sometimes. The rules for getting tax debt discharged are very nuanced. Call us and we’ll be happy to take a look at your situation and explain your options.
No. As a matter of public policy, both child support and alimony are priority debts that are non-dischargeable. It may be that if you file bankruptcy and your other debts are discharged that you may be able to more easily afford your support payments. Call us, come in, and we’ll discuss your options.
Call The Law Offices of David M. Offen to schedule your free initial consultation.
The U.S. Congress has declared our office to be a debt relief agency. We proudly help file for relief under the Bankruptcy Code.
If you are ready to take the first steps toward financial freedom and enjoying life again, call the Law Offices of David M. Offen today at (215) 625-9600 to schedule your free initial consultation. We’re here to help you every step of the way.