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Can You File Chapter 13 for a Business in Pennsylvania?

Can You File Chapter 13 for a Business in Pennsylvania?

Bankruptcy isn’t just for individuals.  Business entities can also benefit from a strategic bankruptcy, ranging from the small, family-owned operation up to the large corporation with thousands of employees.  However, bankruptcy is not a...
If I File for Bankruptcy, What Happens to My Spouse?

If I File for Bankruptcy, What Happens to My Spouse?

Choosing to file for bankruptcy in Pennsylvania or New Jersey is a major decision that can have significant effects not only upon your day-to-day life, such as your daily spending habits and credit card use, but also upon the long-term, future management of your...
How Many Times Can You File for Bankruptcy in Pennsylvania?

How Many Times Can You File for Bankruptcy in Pennsylvania?

Life circumstances sometimes go beyond your control, and if you experience multiple medical emergencies or job losses, it may become necessary to file for bankruptcy on more than one occasion. However, as our Philadelphia bankruptcy attorneys will explain, the...
Is January the Best Month of the Year to File Bankruptcy?

Is January the Best Month of the Year to File Bankruptcy?

According to statistics supplied by the United States Bankruptcy Court for the Eastern District of Pennsylvania, nearly 9,381 bankruptcies have been filed in the current fiscal year. However, these filings are not distributed evenly across the year. The number of...
What Additional Debt Eliminating Powers Can Bankruptcy Provide?

What Additional Debt Eliminating Powers Can Bankruptcy Provide?

Most people probably already know that bankruptcy is one of the most effective means of eliminating excess debt. For individuals, Chapter 7 bankruptcy is often the fastest way to eliminate debt and achieve a fresh financial start. Similarly, Chapter 13 bankruptcy can...
When Can I File for a Second or Subsequent Bankruptcy?

When Can I File for a Second or Subsequent Bankruptcy?

While bankruptcy is often the most effective means for individuals to deal with significant amounts of debts and achieve a fresh financial start, it does not guarantee that the individual won’t experience other life events that create additional financial...
Can I Qualify for a Pennsylvania Bankruptcy Filing?

Can I Qualify for a Pennsylvania Bankruptcy Filing?

Many people are fully aware that bankruptcy is an effective means of eliminating debt. However, many people fear that they cannot qualify for bankruptcy belief for a variety of reasons. Some people may believe that bankruptcy is only appropriate for people with...
Should You Call a Mortgage Foreclosure Defense Attorney Today?

Should You Call a Mortgage Foreclosure Defense Attorney Today?

Admitting that one’s financial affairs have spiraled beyond one’s control is a difficult thing to do. It is often not so much that people are unconcerned about their debts and obligations but rather that it can be easier in the moment to sweep the problem...