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What is a Proof of Claim in Philadelphia Bankruptcy Court?

What is a Proof of Claim in Philadelphia Bankruptcy Court?

In Chapter 13 bankruptcy, the debtor proposes a three- to five-year reorganization plan which creates terms for monthly payments on secured, priority, and unsecured debts, generally in that order. Creditors are repaid in full or in part, and in return, the debtor gets...
When Can a Mortgage Company Start Foreclosure in Philadelphia?

When Can a Mortgage Company Start Foreclosure in Philadelphia?

Any major U.S. city has its fair share of foreclosures, but in Philadelphia, the number is higher than average. According to a June 2015 Philadelphia Business Journal report compiled using data from real estate company RealtyTrac, “Greater Philadelphia’s...