In Philadelphia, declaring Chapter 13 bankruptcy is often the preferred option for people who want to stop foreclosure on their home, or repossession of their car. It may also be the best option for getting out from under overwhelming debt if you don’t qualify for a Chapter 7 bankruptcy.
At The Law Offices of David M. Offen, we can help you determine whether Chapter 13 bankruptcy is the best option for you to resolve your financial issues. We can then provide you with experienced legal guidance in declaring Chapter 13 bankruptcy in Philadelphia PA
What’s the Process of Filing for Chapter 13 Bankruptcy in Philadelphia PA?
If you’re debating whether to file for Chapter 7 or Chapter 13 bankruptcy, you’ll need to take a means test to determine whether you qualify for Chapter 7. This requires that your disposable income be less than your expenses. We can help you properly calculate this.
If you don’t qualify for Chapter 7 you may choose Chapter 13. You may qualify for this option as long as you have a stable source of income. In Philadelphia, declaring Chapter 13 bankruptcy involves a three-to-five-year plan to reorganize your debts. We can help put together the plan with the bankruptcy court. In many cases unsecured creditors receive pennies on the dollar or even no payments at all.
What Can a Philadelphia Filing for Chapter 13 Bankruptcy Accomplish?
By choosing Chapter 13, you can stop or prevent:
- Foreclosure on your home or other property
- Repossessions, creditor lawsuits and other actions against you
- Garnishment of wages and other sources of income
- License suspensions
- Shut off of utilities
- R.S. actions against you
- Real Estate Tax Sales
Contact Us to Schedule a Free Consultation
To schedule a free consultation with David M. Offen, who has more than two decades of experience in helping people in Philadelphia declare for Chapter 13 bankruptcy and navigate their financial issues, call us or contact us online. We want to help you get a fresh start!