Delaware County Bankruptcy Lawyers

Here at Sadek & Cooper Law Offices, our mission is to assist individuals who may be considering bankruptcy as an option. Our Delaware County bankruptcy lawyer help clients move toward long-term financial stability. The attorneys at Sadek & Cooper Law Offices work closely with you to ensure that you are receiving detailed, high-quality and thorough legal counsel.

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You can expect the following services when working with our Delaware County bankruptcy lawyers:

  • Over 4000 Satisfied Clients
  • Phone calls answered 24/7
  • Answering ALL your Creditor Calls
  • Super Lawyers Listed
  • Free Initial Consultation
  • Saving your home from foreclosure
  • No More Credit Card Debt
  • No More Personal Loan Debt
  • No More Medical Bills, Collections and other debts!
  • Low Flat-Rate legal fees
  • Fast and Accurate Filing
  • Payment Plans Available

If you’re a Delaware County resident who’s been struggling to keep up with credit card bills, medical bills, mortgage payments, or other expenses, you may have thought about filing for bankruptcy.  However, while bankruptcy can be a useful strategy for managing debt, it isn’t always the best solution for every situation.  Depending on your circumstances, it might make more sense to explore an alternative to bankruptcy, such as a mortgage modification, debt consolidation, or a pre-foreclosure forbearance plan.  When you contact our Delaware County Chapter 7 lawyers for your free bankruptcy consultation, we can discuss which financial strategy is right for your situation.

3 Alternative Options to Filing for Chapter 7 or Chapter 13 Bankruptcy in Delaware County, PA

If you are going through a financial crisis, bankruptcy may indeed prove to be the most practical and efficacious solution.  However, filing for bankruptcy may not be necessary if it is possible to resolve the issue by other means.  To give you just a few ideas of the possibilities, our Delaware County Chapter 13 bankruptcy attorneys will examine three examples of bankruptcy alternatives for debtors in Pennsylvania:

  1. Mortgage Modification
  2. Pre-Foreclosure Forbearance Plans
  3. Debt Consolidation

Whether you choose to file for bankruptcy or pursue an alternate course of action, your decision will have significant financial repercussions that can continue to shape your future for many years to come.  Before you make any major legal decision, you should always consult with an experienced attorney for personalized guidance that is specific to your circumstances.

How Does a Mortgage Modification Work?

Are missed mortgage payments the main reason you have been thinking about filing for bankruptcy?  If so, mortgage modification may be a more appropriate strategy.

Like the name suggests, a mortgage modification is a restructuring of your current mortgage.  The purpose of a mortgage modification is to make your payments more manageable by reducing what you owe each month.  Depending on your financial circumstances, the mortgagee (lender) may consent to significant changes, such as:

  • Changing a variable interest rate to a fixed interest rate.
  • Forgiving part of your principal balance.
  • Lowering your interest rate.

The mortgage modification process in Pennsylvania typically takes anywhere from three to eight months to complete successfully.  The eligibility criteria for mortgage modifications vary from servicer to servicer, but our Pennsylvania bankruptcy attorneys can help you determine whether you qualify.  Your attorney will also be able to handle your mortgage modification paperwork, answer your legal questions, and protect your best interests as a homeowner.

What is a Pre-Foreclosure Forbearance Plan?

If you are going through a temporary financial crisis, such as a job loss or temporarily disabling injury that is expected to heal in the future, entering a pre-foreclosure forbearance plan may make more sense than filing for bankruptcy.  In a pre-foreclosure forbearance plan, the mortgagee may agree to temporarily suspend or lower your payments so that you can continue to pay your mortgage.  Generally, these plans last for up to six months.

What’s the Difference Between Debt Consolidation and Bankruptcy?

Though bankruptcy can both simplify and reduce the payments you owe to your creditors, it should not be conflated with debt consolidation, which is an entirely different concept.

In debt consolidation, the debtor negotiates with his or her creditors with the goal of combining his or her debts into one monthly payment.  When done successfully, this can have the effect of lowering your interest rates, reducing what you pay each month, and ultimately, helping you escape debt more quickly.  As you can imagine, making one monthly payment is much simpler than keeping track of multiple payments, which also makes it easier for debtors to consistently make timely, full payments each month.  Debt consolidation may be right for you if you have numerous creditors and high interest rates.

Delaware County Bankruptcy Attorneys Serving Chester, Drexel Hill, and Upper Darby

Remember: the strategies we have described here represent only a few examples of the numerous non-bankruptcy debt management options that may be available to you as a Delaware County resident.  When you contact Sadek & Cooper Law Offices for a free consultation, we can review your circumstances and financial goals in detail to make a determination about which strategy is optimal for your situation.

Sadek & Cooper Law Offices proudly serves all corners of Delaware County, including but not limited to Chester, Drexel Hill, Upper Darby, Yeadon, Broomall, Darby, Lansdowne, Media, Woodlyn, and Collingdale.  If you live in one of these communities, or other communities in Delaware County, our Pennsylvania bankruptcy lawyers may be able to help you get your debt under control.  To discuss your options in a free and completely confidential consultation, call Sadek & Cooper Law Offices at (215)-545-0008 today

Delaware County Bankruptcy Attorney

Service Areas: The Delaware County bankruptcy law office of Sadek & Cooper Law Offices is located at Victoria Mills Business Center, 1489 Baltimore Pike,  Springfield, PA 19064. Our Delaware County office’s bankruptcy representation extends to residents of the following areas.

  • Aldan Borough
  • Aston Township
  • Bethel Township
  • Brookhaven Borough
  • Chadds Ford Township
  • Chester City
  • Chester Heights Borough
  • Chester Township
  • Clifton Heights Borough
  • Collingdale Borough
  • Colwyn Borough
  • Concord Township
  • Darby Borough
  • Darby Township
  • East Lansdowne Borough
  • Eddystone Borough
  • Edgmont Township
  • Folcroft Borough
  • Glenolden Borough
  • Haverford Township
  • Landsdowne Borough
  • Lower Chichester
  • Marcus Hook Borough
  • Marple Township
  • Media Borough
  • Middletown Township
  • Media Borough
  • Middletown Township
  • Millbourne Borough
  • Morton Borough
  • Nether Providence
  • Newtown Township
  • Norwood Borough
  • Parkside Borough
  • Prospect Park Borough
  • Radnor Township
  • Ridley Park Borough
  • Ridley Township
  • Rose Valley Borough
  • Rutledge Borough
  • Sharon Hill Borough
  • Springfield Township
  • Swarthmore Borough
  • Thornbury Township
  • Tinicum Township
  • Trainer Borough
  • Upland Borough
  • Upper Chichester Township
  • Upper Darby Township
  • Upper Providence Township
  • Yeadon Borough


To schedule a free and confidential consultation with a bankruptcy lawyer regarding your legal matter please call our Delaware County bankruptcy law office at (215)-545-0008. For the convenience of our clients, Sadek & Cooper Law Offices schedules evening and weekend appointments upon request.

 

Directions

From Philadelphia:
Take I-95 S toward Chester/Phila International Airport.
Take exit 7 to merge onto I-476 N.
Take exit 3 toward Swarthmore.
Merge onto E Baltimore Pike.
At the first traffic light (just before the Springfield Mall) turn right onto Wallingford Road.
Bear right at the fork in the road.
The Mills of Victoria is on the right.
The Victoria Business Center is in building #200 on the first floor.

From Springfield Area:
Go west on Baltimore Pike toward Media.
As you come past the Springfield Mall, stay in the right lane to take the jug handle in front to Macy’s.
Turn left at Wallingford Road traffic light.
Cross the Baltimore Pike and bear right at the fork in the road.
The Victoria Business Center at The Mills of Victoria is at the bottom of the hill on the right.
The Victoria Business Center is in Building #200 on the first floor.

From Media Area:
Go east on Baltimore Pike past the Blue Route.
At the first traffic light (just before the Springfield Mall, turn right onto Wallingford Road.
Bear right at the fork in the road.
The Mills of Victoria is at the bottom of the hill on the right.
The Victoria Business Center is in Building #200 on the first floor.

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.

The Sadek & Cooper Difference

  • Over 4,000 Satisfied Clients
  • Super Lawyers Listed
  • No More Credit Card Debt
  • Low Flat-Rate Legal Fees
  • Free Initial Consultation
  • Convenient Locations Throughout the Philadelphia Region
  • No More Personal Loan Debt
  • Fast and Accurate Filing
  • Answering ALL your Creditor Calls
  • Save Your Home From Foreclosure
  • No More Medical Bills, Collections, and Other Debts
  • Payment Plans Available
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Find Sadek & Cooper Near You

Center City Philadelphia, PA

Philadelphia Building 1315 Walnut Street
Suite 502
Philadelphia, Pennsylvania 19107
(215) 545-0008
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Northeast Philadelphia, PA

2375 Woodward Street
Suite 105
Philadelphia, Pennsylvania 19115
(215) 545-0009
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Bucks County, PA (Trevose)

5 Neshaminy Interplex
Suite 205
Trevose, Pennsylvania 19053
(215) 468-3328
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Cherry Hill, NJ

One Mall Drive
Suite 415
Cherry Hill, New Jersey 08002
(856) 890-9003
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Montgomery County, PA

630 Freedom Business Center Drive, #36
King of Prussia, Pennsylvania 19406
(610) 951-4655
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Delaware County, PA

Victoria Mills Business Center
1489 Baltimore Pike #218
Springfield, Pennsylvania 19064
(610) 432-3111
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Bucks County, PA (Levittown)

1609 Woodbourne Road
Suite 203B
Levittown, Pennsylvania
(215) 545-1055
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Moorestown, NJ

302 North Washington Avenue
Suite 101 West
Moorestown, New Jersey 08057
(856) 343-4068
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