West Chester Chapter 7 Bankruptcy Lawyer

West Chester Chapter 7 Bankruptcy Lawyer

Under the right set of circumstances, bankruptcy can be an extremely powerful financial tool. As a resident of Pennsylvania, filing Chapter 7 bankruptcy gives you the opportunity to wipe out most of your debts, escape harassment from persistent debt collectors, and prevent or delay the loss of your home, vehicle, and personal property. With most of your debts erased or drastically reduced, you will be able to start with a clean slate, and get back to living your life without the constant stress and anxiety that is caused by financial hardship.

However, it’s very important to get help from an attorney before you begin the bankruptcy process. Filing Chapter 7 is a delicate and detailed legal procedure that requires technical knowledge of bankruptcy code. Without legal representation, it is very easy for debtors to overlook small details that have major impacts on how much debt you can eliminate, how much property you can keep, and other crucial aspects of Chapter 7.

At Sadek & Cooper Law Offices, we have helped thousands of people file bankruptcy successfully, and are well-versed in the complex laws and court rules that govern the process. If you live in the West Chester area and are struggling to keep up with monthly bills and mortgage payments, call Sadek & Cooper Law Offices at (215)-545-0008 for a free consultation about how Chapter 7 bankruptcy could benefit you.

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

There are several different types of bankruptcy. Each is named after a chapter of the United States Bankruptcy Code. For example, most people who file bankruptcy in Pennsylvania file Chapter 7 bankruptcy.

The second most common type of bankruptcy – not only in the West Chester area, but throughout the United States – is Chapter 13 bankruptcy. Before you declare bankruptcy in Pennsylvania, it is critical to make the right decision about which chapter of bankruptcy is best for your situation.

There are many factors to consider when choosing between Chapter 7 and Chapter 13, but our knowledgeable and experienced West Chester bankruptcy attorneys will be there to help you make an informed and strategic decision. Our role is to advise you and protect your best interests while handling the legal work surrounding the filing process.

There are three key differences between Chapter 7 and Chapter 13:

  1. The amount of time the process takes. Chapter 7 is over for the debtor in a matter of months, typically about four months to half a year. Chapter 13 takes either three or five years to complete, depending on the case.
  2. The steps that are involved in the process. In Chapter 7, the court assigns a trustee to liquidate (sell) certain property, which is how the filer’s creditors are remunerated. However, most Chapter 7 filers keep most or all of their property. In Chapter 13, the filer keeps their property, but is required to make monthly payments to a trustee, who then distributes the funds to creditors in order of importance.
  3. The financial requirements for filers. Chapter 7 does not require the filer to make monthly payments, and is therefore intended for people who have minimal assets and resources. Chapter 13 does require monthly payments, and therefore, is only available for filers with higher income levels or valuable assets.

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What Happens When You File Chapter 7 in Pennsylvania?

West Chester residents are sometimes surprised to learn that West Chester is not where they file for bankruptcy. If you live in West Chester, or in another town in Chester County, you will file for bankruptcy in the United States Bankruptcy Court for the Eastern District of Pennsylvania, which has two locations: one courthouse located on Market Street in downtown Philadelphia (Center City), and an additional courthouse located on Washington Street in Reading, PA.

You will be required to pay a filing fee to submit to the court your bankruptcy paperwork, which includes not only the bankruptcy petition, but also a series of supporting financial documents, such as forms that list your debts and assets. Our attorneys will explain which forms must be submitted and when, and will help you prepare each form with detail and accuracy. Your court fees to file your documents may be waived if you can demonstrate financial hardship. The Pennsylvania Chapter 7 filing fee is $335 as of July 2017.

If you obey the bankruptcy court’s orders, comply with bankruptcy laws, avoid committing fraud (such as concealing assets), and meet all legal deadlines, the court should discharge your case, which means most of your debts will be erased (“discharged”). Debts which can be erased in Chapter 7 are called “dischargeable debts.” Dischargeable debts in a Chapter 7 bankruptcy case include:

  • Business Debt
  • Credit Card Debt
  • Medical Bill Debt
  • Overdue Rent
  • Overdue Utility Payments
  • Personal Loans
  • Social Security Overpayments

Under certain circumstances, student loan debt and older income tax-related debts may also be dischargeable.

West Chester Chapter 7 Bankruptcy Attorneys Offering Free Consultations

Don’t spend another night lying awake and worrying about how you will pay your bills next month. If you live in West Chester or the surrounding area, Chapter 7 bankruptcy can offer the relief you need to start fresh and wipe the slate clean. Additionally, the debt relief provided by bankruptcy can help you reach a financial position where it is easier to start building good credit. To learn more about the many benefits of filing Chapter 7 bankruptcy in West Chester, contact 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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