What Military Personnel Should Know About Bankruptcy?
Armed forces personnel, like everyone else, can become overly indebted, resulting from unexpected medical bills, moving costs, or other financial issues. It is possible and legal for military personnel to file for bankruptcy in situations like this. Military personnel is allowed by law to file for bankruptcy under Chapter 7 or Chapter 13; you might […]
Bankruptcies have fallen, but economic pressures could send more small businesses looking for cover
A new federal law signed Tuesday increases the upper debt limit for small businesses looking to file for bankruptcy, from $2.7 million to $7.5 million, for another two years. It may come as a surprise that, despite the pandemic, bankruptcy filings have significantly fallen over the past year: As of March, annual bankruptcy filings totaled […]
Declaring Bankruptcy: Debt Relief Options for Senior Citizen
Being in debt for senior citizens is a more severe problem than being in debt as young adults. Whether preparing for retirement or trying to make ends meet on a fixed income, it is true. You may need expert assistance deciding on your optimal debt-reduction approach. Filing for bankruptcy might be the easiest way to […]
How Often Can You File for Bankruptcy and Receive a Discharge?
Filing for bankruptcy and receiving a discharge can provide the fresh start you need. If you have filed for bankruptcy in the past, you may wonder if you are eligible for another discharge. A Philadelphia-area bankruptcy attorney will discuss your situation. Bankruptcy and Debt Relief You can file for Chapter 7. It requires the liquidation […]
Stop Creditor Harassment: Bring an End to Unlawful Collection Actions
Are you struggling with debt and enduring endless calls and letters from debt collectors? Creditor harassment is disruptive and puts unnecessary stress on debtors. You may have factors beyond your control that have led to your debt, and you may be working hard to pay it off. Constant reminders of what you owe are not […]
How Do Philadelphia, PA Residents Make Debts Affordable Through Chapter 13?
A recent study showed that only about half of respondents could cover their bills each month. For many of these people, their debt only makes this more challenging. If you’re in a similar situation, you might be at your wits’ end trying to find a solution. In 2021, 3,341 Pennsylvanians filed for Chapter 13 bankruptcy. […]
How to Deal With the Coming Wave of COVID-19 Bankruptcies in Philadelphia
In 2021, many major businesses filed for bankruptcy, such as J. Crew, Golds Gym, JC Penny, Pier 1 Imports, and more. Small companies were not exempt, and many worried that the post-pandemic trend would increase bankruptcy filings. Are you struggling with debt related to your business and thinking about filing for bankruptcy in Philadelphia? A […]
Can You File for Bankruptcy in Philadelphia, PA If You are Unemployed?
When the COVID pandemic struck in 2020, bankruptcy filings dropped by about 30%. Experts attribute this decline to stimulus checks and financial support from the government. However, the number of people seeking bankruptcy just two years later is increasing once again. Bankruptcy offers a fresh start, but it’s not an available option for everyone. If […]
Bankruptcy Petitions: what you need to know before your “341” hearing
In Bankruptcy full disclosure and open communication with your Philadelphia lawyer is essential. Prior to filing a Bankruptcy Petition, our local lawyers will review the bank statements for any issues that could impact your case.
Cost to File Bankruptcy in Philadelphia
This answer does depend on the Chapter of Bankruptcy, whether a Chapter 7 or Chapter 13 and the complexity of the matter as well, but generally legal fees and costs prior to filing are around $2,000 in Philadelphia.
Bankruptcy vs. debt settlement vs. consolidation: pros & cons
When considering debt settlement, debt consolidation or bankruptcy in Philadelphia, you must evaluate the time & comprehensiveness of the solution.
Chapter 13 bankruptcy – the how, what, and when.
A Chapter 13 bankruptcy is open to almost everyone in Philadelphia. Learn more about if it’s the right option for your case from our local bankruptcy lawyers at Sadek Bankruptcy Law Offices.
Homeownership & renting – advantages and disadvantages in bankruptcy
“Can you rent after bankruptcy?” or “Do you lose your home in bankruptcy?” – learn the answers to all your homeownership and rental questions in regards to bankruptcy thanks to Sadek Bankruptcy Law Offices.
The limits of bankruptcy: what you can and can’t do.
Rather than being a flag of defeat, bankruptcy is more like a playing card that helps families do away with their heavy debt load and put them in a better financial position to play the game of life.
Can Chapter 13 stop an eviction?
By filing for a Chapter 13 bankruptcy, you can look forward to staying in your home without losing any of your belongings.