Montgomery County Chapter 13 Bankruptcy Attorney

Montgomery County Chapter 13 Bankruptcy Attorney

Under the right set of circumstances, Chapter 13 bankruptcy is a pragmatic, cost-effective financial solution to unmanageable debt arising from credit card bills, hospital bills, and other common sources of debt in Pennsylvania households.  Chapter 13 allows filers to keep their property by making slow and steady repayments, which could empower you to save your home from foreclosure or prevent your business from collapsing.

If you are a resident of Montgomery County, and you have been struggling to keep your level of debt under control, Chapter 13 bankruptcy could be an efficient strategy for addressing your debt head-on while protecting your assets and property.  However, the Chapter 13 bankruptcy process can be highly complex from both a legal and financial standpoint.  If you are thinking about declaring Chapter 13 bankruptcy in Pennsylvania, make sure that your best interests will be vigilantly protected throughout the process by a skilled, knowledgeable, and highly experienced Chapter 13 attorney in Montgomery County.

To learn more about whether Chapter 13 bankruptcy could be right for you in a free and confidential legal consultation, contact Sadek & Cooper Law Offices at (215)-545-0008 today.

What is Chapter 13 Bankruptcy (Reorganization)?

Chapter 13 bankruptcy is a common form of consumer bankruptcy sometimes described as “reorganization” or a “wage earner’s plan.”  The general premise of Chapter 13 is that the filer proposes a three- to five-year plan to gradually repay some of his or her debts.

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If the filer is able to stick with the plan and bring it to successful completion, the bankruptcy court will discharge the case, meaning the filer will no longer be considered liable for the payment of the remaining debts addressed by the repayment plan.  If doing so becomes necessary, it may be possible to convert the Chapter 13 to a Chapter 7 bankruptcy.

Chapter 13 vs. Chapter 7: What’s the Difference?

Along with Chapter 13 bankruptcy, Chapter 7 is another common type of consumer bankruptcy in Montgomery County.  While both types of bankruptcy seek to provide debt relief for the filer, there are some considerable differences between how these chapters of bankruptcy are structured.

Chapter 7 is also called “liquidation,” because a court-appointed trustee has the authority to sell off the debtor’s non-exempt property in order to satisfy the filer’s debts.  In many cases, the process is over in as little as four to six months.

Chapter 13 takes longer to complete, but carries with it several advantages.  Because debtors work to repay their creditors through the Chapter 13 reorganization plan, they are generally able to keep more of their property.  Further, unlike Chapter 7, Chapter 13 gives filers the opportunity to save their homes from foreclosure by catching up on missed mortgage payments.

Additionally, the length of a Chapter 13 case becomes an advantage with regard to the automatic stay, a court order that freezes collection actions.  The automatic stay typically remains in effect throughout the entirety of the bankruptcy case, which means that collection actions will be halted for as long as five years during Chapter 13 proceedings.

Which Debts Are Dischargeable in Chapter 13?

In Chapter 13 bankruptcy, the filer’s debts are organized into several categories which prioritize the debts and dictate the schedule on which they should be paid and to what extent.  In short, the plan of reorganization acts like a financial blueprint the filer will follow for the next three to five years.

One of the ways debt can be categorized in Chapter 13 is as dischargeable debt or non-dischargeable debt.  If a debt is non-dischargeable, it means it will not be impacted by the bankruptcy.  However, many debts are dischargeable in Chapter 13.  If a debt is dischargeable, it means the filer will be relieved of liability for such debt when the case is discharged.  In other words, a dischargeable debt is a debt which can be wiped out by bankruptcy.

What Debts Does Chapter 13 Eliminate?

Numerous types of debt are dischargeable in a Chapter 13 bankruptcy case.  Dischargeable debt in Chapter 13 includes, but is not limited to, debt related to:

  • Credit Cards
  • Medical Bills
  • Personal Loans
  • Business Debt

Many people are surprised to learn that more debts can be discharged under Chapter 13 than under Chapter 7.  For example, certain debts arising from divorce settlements are dischargeable in Chapter 13, but not Chapter 7.  Generally speaking, neither chapter of bankruptcy permits the filer to eliminate debts pertaining to alimony, child support, or student loans.

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Montgomery County Chapter 13 Bankruptcy Lawyer Serving Norristown, PA

When you need a thorough, efficient, and detail-oriented Chapter 13 bankruptcy attorney in Montgomery County, turn to Sadek & Cooper Law Offices for comprehensive support and skilled representation.  Our Pennsylvania Chapter 13 attorneys represent clients throughout all corners of Montgomery County, including but not limited to Ambler, Ardmore, Audubon, Blue Bell, Conshohocken, Glenside, Harleysville, Hatboro, Horsham, King of Prussia, Kulpsville, Lansdale, Norristown, Plymouth Meeting, Pottstown, Sanatoga, Souderton, and Willow Grove.

Whether you intend to file individually, plan to file Chapter 13 jointly with your spouse, or simply have questions about declaring Chapter 13, Chapter 7, or possible alternatives to bankruptcy, the friendly and knowledgeable legal team at Sadek & Cooper Law Offices is here to provide prompt assistance.  For a free legal consultation about filing for Chapter 13 bankruptcy in Montgomery County, contact our law offices at (215)-545-0008 right away.

 

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SEEWHAT OUR CLIENTS ARE SAYING

Thomas Wright
Thomas Wright
15:09 24 Apr 18
Sadek and Cooper Law did a great job on my bankruptcy case. I really appreciate their assistant. Thank you
Kelly McKenna
Kelly McKenna
11:57 19 Apr 18
This form - specifically Yoninah Orenstein and Patrick Cooper are PHENOMENAL. They were great to work with, very fair with legal fees, and successful in getting an excellent settlement for my divorce (short term marriage
Dessiana Cruz
Dessiana Cruz
13:11 04 Apr 18
I was nervous about bankruptcy, but from the moment I stepped in your office I felt at ease. This process was so easy with your help, that yesterday I was talking to my coworkers about it and recommending your firm to them. You make something that’s scary seem easy and I thank you so much for helping me!
Valerie Nesbitt
Valerie Nesbitt
14:51 03 Apr 18
Sadek and Cooper have been excellent. Everyone has been extremely helpful and patient. The lawyers I have worked with, Matt and Brad, are extremely knowledgeable. I felt very comfortable with them handling my case.
Marlena Lucas
Marlena Lucas
16:08 02 Apr 18
Very simple. Any time I had questions, they were answered quickly. The lawyers are just great. Just a fast painless process.
James Smith Sr
James Smith Sr
13:19 14 Mar 18
Everything has been great. Really awesome job with my case... You and your staff have done a perfect job in my opinion.
Michkel Davis
Michkel Davis
17:02 09 Mar 18
Mr. Sadek was the best and most thorough lawyer I’ve ever met. He’s very human and caring about our case. His whole staff is great too. Highly recommend...
Tamika Richardson
Tamika Richardson
14:56 01 Mar 18
My bankruptcy went very smoothly with your firm. No issues. You are all very nice. That’s why I recommend my sister to your firm and your now helping her too! Thanks again.
Geraldine Ross
Geraldine Ross
14:14 28 Feb 18
This is an Excellent firm to work with; my questions were answered in a timely manner and I felt very supportive in handling my bankruptcy. I would highly recommend this firm to others who have found themselves in a position like mine.
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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