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Montgomery County Chapter 7 Bankruptcy Lawyer

Are you a Montgomery County resident who is struggling to manage overwhelming debt from medical bills, credit cards, personal loans, or business loans?  If so, filing for Chapter 7 bankruptcy may be an effective solution to your financial problems.  In addition to eliminating many of your debts, Chapter 7 bankruptcy can also protect you from creditors, temporarily freeze or delay collection actions, and place you into a financial position where you will be better able to start building good credit in the future.

While bankruptcy can be a powerful debt solution for Pennsylvania residents, it can also be a complex process.  It is critical that you are guided by a knowledgeable and experienced attorney who understands how to handle bankruptcies strategically.  The bankruptcy attorneys of Sadek & Cooper Law Offices have extensive experience handling Chapter 7 cases on behalf of Pennsylvanians throughout Montgomery County, including Norristown, Pottstown, King of Prussia, Lansdale, Willow Grove, Horsham, Ardmore, Harleysville, Audubon, Glenside, Hatboro, Conshohocken, Ambler, Blue Bell, and beyond.

To talk about whether declaring Chapter 7 bankruptcy could be the right option for you, contact Sadek & Cooper Law Offices at (215) 995-2543.  Your no-obligation initial consultation is completely free of charge, and your information will be kept confidential.

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How Does Chapter 7 Work in Pennsylvania?

Chapter 7 bankruptcy is sometimes called “straight” bankruptcy because it is the quickest and simplest type of consumer bankruptcy, which makes it an appealing option for many filers.  However, depending on your financial circumstances and the goals you are trying to achieve, it may be appropriate or necessary for you to file a Chapter 13 bankruptcy, which works differently and serves a different purpose than Chapter 7.  When you contact Sadek & Cooper Law Offices for your free legal consultation, we can discuss your situation in detail to determine whether Chapter 7 bankruptcy is the right legal option for you.

Most Chapter 7 cases resolve in as little as four to six months.  A court-appointed official called a “trustee” is authorized to sell some of the filer’s property, excluding property that is protected by bankruptcy exemptions, in order to repay his or her creditors.  Pennsylvania residents have the option of selecting between the state exemptions and federal exemptions.  Our bankruptcy lawyers in Montgomery County will review your circumstances thoroughly to make a determination about which set of exemptions is best able to protect your property and assets.

While the case is ongoing, the filer will be protected by a court order called the “automatic stay,” which generally prevents creditors from trying to collect payments during the bankruptcy proceedings. When the case is discharged by the bankruptcy court, the filer will be relieved of liability for most of his or her debts.  While the bankruptcy will initially have a negative effect on the filer’s credit score, the relief from debt will give the filer greater ability to build good credit going forward.

What Debts Can Be Eliminated by Filing for Chapter 7?

Chapter 7 bankruptcy divides debts into two categories: “dischargeable” debts, or debts for which the filer’s liability can be eliminated, and “non-dischargeable” debts, or debts which will not be affected by the bankruptcy.

Several debts are considered non-dischargeable in Chapter 7 bankruptcy, including debts related to alimony (spousal support), child support, student loans, and certain tax obligations.  However, most other debts are dischargeable, which means they can be wiped out and the filer will no longer be obligated to pay them.  Examples of dischargeable debts in Chapter 7 bankruptcy include, but are not limited to, the following:

  • Medical Bills
  • Credit Card Bills
  • Past Due Utility Bills
  • Past Due Rent
  • Personal Loans
  • Business Debt
  • Revolving Charge Accounts
  • Social Security Overpayments

Many people file individually for Chapter 7 bankruptcy.  However, if you are married and share joint debt with your spouse, it may make sense for you and your husband or wife to consider filing jointly.  Our Chapter 7 lawyers in Pennsylvania will evaluate your debts and assets to help you make an informed decision about filing for bankruptcy with your spouse.

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Montgomery County Chapter 7 Bankruptcy Attorneys Serving Norristown

Bankruptcy is a major legal and financial decision which will have long-lasting effects on your life.  Before you decide to file for Chapter 7 in Norristown or any other part of Montgomery County, make sure that your rights will be protected, and your best interests looked after, by a highly experienced Norristown bankruptcy lawyer who understands how to utilize Chapter 7 to each client’s advantage.

You don’t have to lose another night of sleep worrying about how you will pay your bills.  Help is only a phone call away.  To start talking about the benefits of Chapter 7 bankruptcy in a free, friendly, and confidential legal consultation, call Sadek & Cooper Law Offices at (215) 995-2543 right away.

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