Delaware County Chapter 7 Bankruptcy Lawyer

Delaware County Chapter 7 Bankruptcy Lawyer

Despite its fearsome reputation, bankruptcy does not have to be a stressful or negative experience.  Contrary to harmful and untrue myths about bankruptcy, such as the myth that bankruptcy “will cause you to lose your house” or “ruin your credit forever,” bankruptcy can actually help you protect certain property while simultaneously ending creditor harassment, setting you up to build healthy credit in the future, and of course, helping you get your debts under control.

Don’t let misinformation about the nature of bankruptcy discourage you from exploring your legal options.  With careful guidance and dedicated assistance from our knowledgeable, experienced Delaware County bankruptcy attorneys, filing for Chapter 7 in Pennsylvania can be a very positive turning point in your financial life.  To find out whether declaring bankruptcy under Chapter 7 may be a good option for you, call Sadek & Cooper Law Offices at (215)545-0008.

Reasons to File for Chapter 7 (Liquidation) in Pennsylvania

Most people know that bankruptcy can aid filers with debt management, but are unaware of the additional benefits of declaring Chapter 7 bankruptcy, also known as “liquidation” or “straight” bankruptcy.  In addition to leading to the discharge, or elimination, of many of your most costly and devastating debts, bankruptcy also affords filers some additional, lesser-known benefits and protections.

For example, did you know that filing for bankruptcy can immediately put a stop to creditor harassment?  When you file for Chapter 7 in Delaware County, you are immediately protected by a court order aptly named the “automatic stay,” which quickly halts, or stays, an array of stressful collection actions and service disconnections, including but not limited to:

  • Eviction
  • Foreclosure
  • Utility Shut-Offs
  • Vehicle Repossession
  • Wage Garnishment

With exceptions for certain situations involving prior bankruptcies, which apply only to individuals who have filed more than once, the automatic stay will remain in effect until your bankruptcy case is discharged.  Creditors must go through the process of obtaining court approval if they wish to seek relief from the stay.  By temporarily halting collection actions, the automatic stay will give you breathing room to stop, assess your resources, and formulate a plan with help from your attorney.

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In addition to the automatic stay, which is a very powerful source of aid for filers, bankruptcy can also help you build credit.  While your credit score will see an initial drop, you will be free to start building credit once many of your debts have been discharged.  By releasing you from various liabilities, Chapter 7 bankruptcy can give you the boost you need to reach a good or excellent credit score in the future.

What Dischargeable Debts Can Chapter 7 Bankruptcy Eliminate?

Chapter 7 bankruptcy broadly divides debts into two categories: dischargeable debts, or debts which can be wiped out, and non-dischargeable debts, or debts which the filer must pay and cannot be released from.  The good news is that most types of debt are categorized as dischargeable debts, which means they can be eliminated.  Some examples of dischargeable debt in a Chapter 7 bankruptcy case include, but are not limited to, the following:

  • Credit Card Debt
  • Business Debt
  • Medical Debt
  • Personal Loan Debt
  • Social Security Overpayments
  • Utility Bills

With some narrow exceptions, examples of non-dischargeable debt in a Chapter 7 case generally include:

  • Alimony
  • Child Support
  • Student Loans
  • Tax Debt

In most instances, Chapter 7 bankruptcy cases in Pennsylvania are discharged after a short period of just four to six months, so you can rapidly get back on your feet.  Once a discharge has been granted by the bankruptcy court, the debtor is no longer considered liable for the debts which have been discharged, meaning creditors can no longer pursue the debtor for repayment of those particular debts.

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Delaware County Chapter 7 Bankruptcy Attorney Serving Chester, Drexel Hill, Ardmore

We understand that “bankruptcy” is an intimidating, even frightening word for many people.  At Sadek & Cooper Law Offices, we are committed to providing friendly, compassionate representation that takes the mystery, fear, and anxiety out of the Pennsylvania bankruptcy process.  With years of experience representing thousands of clients in consumer bankruptcy proceedings, you can feel confident that your case will be handled with care, efficiency, and skill.

At Sadek & Cooper Law Offices, we are proud to represent the residents of Pennsylvania in consumer bankruptcy matters.  We counsel and represent filers from all corners of Delaware County, including but not limited to Ardmore, Brookhaven, Broomall, Chester, Clifton Heights, Collingdale, Darby, Drexel Hill, Folcroft, Glenolden, Lansdowne, Media, Prospect Park, Ridley Park, Swarthmore, Woodlyn, and Yeadon.

Our Delaware County bankruptcy lawyers can assist you with filing individually, or, if you wish to file with your husband or wife, a joint bankruptcy filing.  We can advise you of your options to determine whether bankruptcy is right for you, and if so, develop a plan for filing at a strategic time.  If bankruptcy is not the right option for you, we can assist you with various bankruptcy alternatives, including debt consolidation.  To get started learning about your options in a free bankruptcy consultation, call Sadek & Cooper Law Offices at (215) 545-0008 today.

 

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SEEWHAT OUR CLIENTS ARE SAYING

Lavern Baker
Lavern Baker
17:03 23 Feb 18
You are all super lawyers. Brad and Matt made me feel comfortable. Every one in your office so nice and just made it easy. You’re the best!
peter b
peter b
19:42 21 Feb 18
Thank you, Sadek and Cooper Law offices for your dedication on my behalf. I appreciate Matthew and Patrick and your staff and all that everyone did to support me in this legal matter. You took an embarrassing, sad experience, for me, and turned it into a successful solution without all the emotional pain expected. After dealing with a loan modification company for over eighteen months without going to an attorney first that is the biggest mistake anyone can make. The Modification Companies set out to sell you lies, broken promises and dilute the homeowner's assets with no knowledge of any kind of law. I can't stress enough stay away from Modification companies, as a Military Veteran and family man, protect you or your family best interest. Go directly to Sadek and Copper you will not regret it! This firm moves with Super speed and diligence protecting you and your family's the entire process, even after watching some of these other attorneys in the courtroom appearing to mishandled their clients’ cases before the Trustee. You made it easy and I’m finally getting my financial life back on track! Thank you for your prompt replies to me, your clear information and preparation needed when at the courthouse. I would of course recommend you to others and I am glad you were the one who had my case. Kind genuine law firm who treats you like family. God bless you all and I pray for your continued success in your field of expertise. This firm is Super Lawyers for a reason. They are the best at what they do! Pete
Doug Tinlin
Doug Tinlin
06:55 15 Feb 18
Brad Sadek gave me hope when he decided to handle my mortgage for enclosure defense. I had exactly 10 days left of the 30 days ultimatum given me, but he was able to bargain for an extra 30 days for me to pay up. That duration turned out just right.
Jacinth Jacinth
Jacinth Jacinth
16:07 31 Jan 18
Excellent service. Brad and Matt were outstanding and friendly. They helped me through this. I’ve never met attorneys like these. Thank you!
julie njoku
julie njoku
12:29 24 Jan 18
Brad Sadek is excellent!. He understands and he's fair. You feel like you have someone fighting for you. The staff is friendly, professional, and courteous. These guys are the best at what they do !
Owen Black
Owen Black
20:14 09 Jan 18
Thanks for the great service! I would recommend this firm highly. Throughout the years I have been helped by this firm greatly and very much appreciated.
Steven Rychalsky
Steven Rychalsky
15:30 09 Jan 18
Sadek and Cooper law office was a wonderful experience to work with. Bankruptcy is a difficult experience but they helped with the stress so much and made it easy. I would recommend Sadek and copper too anyone.
Chris Kourelias
Chris Kourelias
19:09 28 Dec 17
Working with both Brad & Matthew was a pleasure. Both gentlemen are extremely knowledgeable and helpful in providing me the right assistance needed to make the correct decision to benefit me in the long run. I would recommend both candidates to anyone looking for assistance with a reputable law firm.
Jennyfer Santana
Jennyfer Santana
21:17 21 Dec 17
Highly Recommended. Matt & Brad assisted with my case. I felt comfortable throughout the entire process. Matt was very understanding, patient, and ensured he answered all my questions! Both great guys and very friendly! It was a pleasure working with Matt and Brad.
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