Philadelphia Bankruptcy Service
Our Philadelphia Bankruptcy law firm started in downtown Philadelphia in 2006. Our sole lawyer at the time had a vision where potential clients can receive a free initial consultation, honest legal opinions and an affordable payment plan for legal services. Today, the same principles are the backbone of our law firm and is what continues to set us apart.
Though Sadek and Cooper has expanded in size and geographical scope over the years; our Center City Philadelphia office continues to operate as the hub of our growing regional law practice. Our Philadelphia office is centrally positioned within 3 blocks of the Broad Street Subway, the Market-Frankford Line and the Patco High Speed Line. For the convenience of our clients who drive into Philadelphia, there is private parking next to our office suite.
Our lawyers have over 50 years of combined experience helping clients get a fresh financial start through our legal services. Whether our clients’ issues are credit cards, personal loans, mortgage foreclosure or tax foreclosure; our lawyers have the experience and knowledge to guide our clients towards efficient resolutions. Our attorneys pride themselves on being accessible, sympathetic and zealous advocates for our clients. We understand that reaching out for help is a big decision, it is our goal to show you that calling Sadek and Cooper was the right choice!
From our downtown Philadelphia law office we practice in the following areas:
Chapter 7 Bankruptcy:
A Chapter 7 Bankruptcy is generally filed for someone who is financially burdened by credit card debt, personal loan debt, medical debt and/or utility bills that have proven to be unaffordable after regular and necessary expenses (rent, mortgage, car, insurances, food, etc.) are paid on a monthly basis. A Chapter 7 allows a petitioner to receive a fresh financial start and a discharge, meaning the petitioner is no longer financially liable for the debts included in the Chapter 7.
Chapter 13 Bankruptcy:
At the core of Chapter 13 Bankruptcy is the concepts of “affordability” and “time.” First “affordability,” a Petitioner may file a Chapter 13 Bankruptcy in that after their necessary and reasonable expenses they have some affordability to pay towards their unsecured creditors. The amount paid monthly in Chapter 13 Bankruptcy is based said affordability and is usually far less than the minimum payments outside the bankruptcy plan. In contrast to a Chapter 7 Bankruptcy the creditors would be paid something on a monthly basis per the affordability of the Petitioner(s). For this reason, our firm refers to Chapter 13 Bankruptcy as the “greatest compromise for all.”
Secondly, petitioners in Bankruptcy often file Chapter 13 Bankruptcy to obtain our most valuable commodity…”time.” Like all Chapters in Bankruptcy, the filing of a Chapter 13 Bankruptcy imputes the automatic stay 11 U.S.C. Section 362. The power of the automatic stay will stop any future mortgage foreclosure, tax foreclosure or repossession of vehicle(s). In return for stopping the future collection event, through Chapter 13 Bankruptcy, the Petitioner will have the “time” spanning from three to five years to repay the mortgage delinquency, real estate tax delinquency or vehicle arrears through an affordable repayment plan. Therefore Chapter 13 allows the Petitioner to keep their home or car, while providing time to repay the delinquencies. Further, like in a Chapter 7 Bankruptcy, through Chapter 13 Bankruptcy, a Petitioner can also obtain a discharge on their debts as well.
Mortgage Foreclosure Defense:
Our firm is experienced in engaging in State Court litigation on behalf of homeowners. Often times a Sheriff’s Sale can be avoided through negotiation with the Lender or through litigation on the homeowner’s behalf by way of Preliminary Objections, Counterclaims, New Matter or Motions to postpone or set aside upcoming foreclosure sales. Our firm has helped thousands of Philadelphia area residents remain in their homes and avoid foreclosure.
In addition to our debt relief services our firm handles all areas of Family Law including Divorce, Custody, Support, Adoption, Mediation Services and Protection from Abuse matters. If you are need of an experienced family law attorney, please do not hesitate to contact our office.
If you are looking for a debt relief attorney in the Philadelphia region, we look forward to providing a free initial consultation with a lawyer to determine the best legal strategy for you
We look forward to helping you!
Work with Our Dedicated and Experienced Bankruptcy Lawyers
The bankruptcy lawyers of Sadek & Cooper are dedicated to providing bankruptcy and non-bankruptcy solutions for people looking to handle their debt problems. We are proud to help hard-working people in Pennsylvania and New Jersey get out of debt and on the path to a fresh financial start. To schedule a free and confidential consultation, call us at 215-545-0008 or contact us online.