philadelphia bankruptcy lawyer

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Bankruptcy Attorney in Yeadon, PA Landsdowne PA and East Landsdowne, PA

The Greater Philadelphia bankruptcy attorneys at the Law Offices of David M. Offen want to help you get the fresh financial start you deserve. We know that good people sometimes have problems, and when they do, they owe it to themselves to find an honest solution. For financial problems, bankruptcy is often the best choice for yourself and your family.

We provide exactly what you need to start on the path to financial freedom:

At The Law Offices of David M. Offen, we practice Chapter 7 and Chapter 13 bankruptcy law in Pennsylvania. We offer many local communities the debt relief and the immediate protection from creditor harassment and lawsuits that you need. Why live your life surrounded by worry, when you can call us today and let us help you find the best solution?

Filing for Bankruptcy in Yeadon, Landsdowne, or East Landsdowne

At The Law Offices of David M. Offen, we understand that financial problems have many different causes, most of which are not your fault. These include:

We have worked with more than 12,000 debt-burdened clients over more than 20 years in business. This experience has provided us with the necessary insight to best serve you in your unique situation.

During your free consultation, we will consider both bankruptcy and non-bankruptcy alternatives and advise you on the best moves to make right now considering your goals.

Don’t File Bankruptcy Until You Talk to Us

Unfortunately, when it comes to bankruptcy, there is a great deal of misinformation floating around Landsdowne. The Law Offices of David M. Offen will cut through the rumors and provide you with the accurate bankruptcy and debt relief information you need. Our friendly, caring, and compassionate lawyers and office staff will answer all your questions and address any concerns you might have. We want you to walk out of our offices feeling better than when you walked in.

Debt Settlement and Bankruptcy FAQ

Everyone’s situation is different, but here are some answers to the most frequent concerns:

So, you’ve heard that the bankruptcy Trustee can seize your property and sell it for the benefit of your creditors?

That is true, however, in the majority of cases, you will be able to keep most or all of your possessions. Bankruptcy law allows you to apply “exemptions” to protect your house and your car. There are also exemptions for your personal items up to a certain dollar value. When we meet for your consultation we will help you sort through your choices and make the right decisions for your individual financial situation.

There is no doubt – filing bankruptcy is a hit to your credit score, and it remains on your report for 10 years. Yet the impact is not generally as great as you think. Since most people don’t file bankruptcy until their credit score has already gone down due to unpaid bills, a bankruptcy provides a blank slate financially. After you receive a discharge and your case closes, you will be able to rebuild your credit quickly since the mounting debts are no longer there.

Good question. Chapter 7 is a liquidation process – meaning, the Trustee is charged with the duty to seize and sell your non-exempt assets for the benefit of your creditors. Your attorney will help you apply “exemptions” to protect your assets from sale. At the conclusion of your bankruptcy case, you receive a discharge of unsecured debt – meaning, you are no longer responsible for paying that debt.

Chapter 13 is a repayment process. You and your attorney will come up with a 3 or 5 year plan that will repay your creditors in whole or in part – depending upon your income and the nature of the debt. People most often file Chapter 13 if they need to cure mortgage or car loan arrears over time, or if they need to “cram down” a car loan or “strip off” a second or third mortgage. At the end of the case, you are discharged of your unpaid unsecured debt.

Yes, if you have a source of steady income and can afford to pay your regular monthly mortgage payment as well as the mortgage arrears spread out over 3 or 5 years.

Filing bankruptcy “stays” or stops the foreclosure proceeding. If you file Chapter 13 bankruptcy, you can cure the arrears through your Chapter 13 plan and get your unsecured debt discharged. When your Chapter 13 plan is complete and your case closes, you will be completely caught up and it will be as if the foreclosure never happened!

The “automatic stay” is in place the minute your attorney files your bankruptcy petition and schedules for you. It prevents creditors from calling you or suing you, and stops all lawsuits, during the pendency of your bankruptcy case.

“Discharge” is the legal operation by which a successful bankruptcy debtor is no longer liable for debt. When a debt is discharged, no creditor can attempt collection on it, on penalty of substantial fines.

You should know that if you have joint debt with your husband, he will have it discharged but you will still be on the hook. If your debt is overwhelming and your husband already took action, perhaps it is time for you to consider filing bankruptcy. Call us and come in – we will look at your husband’s filing in detail and be able to advise you as to what to do next.

Contact Us to Schedule Your Free 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, 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.

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