Northeast Philadelphia Bankruptcy Lawyer

Over 500 Five Star Reviews


Northeast Philadelphia Bankruptcy Lawyer

Over 500 Five Star Reviews


Northeast Philadelphia Bankruptcy Lawyer

Northeast Philadelphia Bankruptcy Service

Sadek & Cooper Law Offices’ Northeast Philadelphia Bankruptcy law office provides expert bankruptcy counsel focused on obtaining a fresh start for our clients. Our Northeast Philadelphia Bankruptcy lawyers will assist you with your situation and help you reach a path leading toward long-term financial stability.

2375 Woodward Street
Suite 105
Philadelphia, PA 19115

Phone: 215.545.0009

Bankruptcy Offices

By choosing to work with our Northeast Philadelphia Bankruptcy Attorneys you can expect the following:

  • Over 4000 Satisfied Clients
  • Phone calls answered 24/7
  • Answering ALL your Creditor Calls
  • Super Lawyers Listed
  • Free Initial Consultation
  • Save 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

Philadelphia Bankruptcy

Northeast Philadelphia

Phone: 215.545.0009

Types of Bankruptcy and Legal Services

After the free initial consultation, our Northeast Philadelphia Bankruptcy lawyers will determine which type of bankruptcy filing will best suite your financial needs. In addition to Bankruptcy, Sadek & Cooper Law Offices can also work with you to provide expert legal counsel in the following areas of law:

  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy
  • Business Bankruptcy Law
  • Real Estate Law
  • Family Law
  • General Litigation

Northeast Philadelphia Bankruptcy Service Areas:

Sadek & Cooper Law is conveniently located in Northeast Philadelphia. Our office location is easily accessible by car or via public transportation and is located in the business offices of the Evergreen Towers. Free parking is located on-site. From our Northeast Philadelphia location we provide bankruptcy assistance to residents of the following areas:

  • Holmesburg
  • Lexington
  • Frankford
  • Mayfair
  • Tacony
  • Morrell Park
  • Pennypack
  • Castor Gardens
  • Bells Corner
  • Rhawnhurst
  • Burholme
  • Oxford Circle
  • Fox Chase
  • Lawndale
  • Crescentville
  • Somerton
  • Bustleton
  • Krewstown
  • Philmont Heights
  • Parkwood
  • Normandy

To schedule a free and confidential consultation with a bankruptcy lawyer regarding your legal matter please call our Northeast Philadelphia law office at (215)-545-0008.


Are College Savings Safe in Bankruptcy?

A 529 Plan is also known as a qualified tuition plan for college purposes.  Monies used to fund a 529 Plan grow on a tax free basis so long as upon withdraw the principal plus any growth are used for educational purposes only.  In accordance with the applicable Consumer Bankruptcy Statute, 11 USC Section 541(b)(6) monetary contributions to a 529 Plan within one year of filing the Bankruptcy would be property of the bankruptcy estate.  Funds contributed in excess of $5,000 between one and two years of filing a Consumer Bankruptcy would be property of the bankruptcy estate.  Any funds contributed over two years before the bankruptcy is filed would not be made part of the bankruptcy estate without limitation.   Since there is no limitation after only a two year look back from the date of a bankruptcy filing, the bankruptcy code is relatively favorable regarding college savings in the form of 529 Plans.   I hope this blog post was helpful.

To speak to an attorney at Sadek and Cooper Law Offices regarding your situation and the best options available to you, please contact one of our offices listed below.

CENTER CITY PHILADELPHIA: 1315 Walnut Street, #502 Phila., PA 19107                            215-545-0008

NORTHEAST PHILADELPHIA: 2375 Woodward Street, #105 Phila., PA 19115                        215-545-0009

DELAWARE COUNTY OFFICE: 1489 Baltimore Pike, #218, Springfield, PA 19064                610-432-3111

BUCKS COUNTY OFFICE: 1609 Woodbourne Road, Suite 203B, Levittown, PA 19057          215-545-1055

NEW JERSEY OFFICE: 302 Washington Avenue, Suite 101 West, Moorestown, NJ 08057   215-545-0008

Filing A Second Or Third Bankruptcy Case

For numerous reasons, an individual or married couple might not be able to complete their Chapter 13 Bankruptcy.  When payments are not made on a regular monthly basis, one’s case can be dismissed.  The failure to make payments is often not the fault of debtors, and can stem from a loss of income or health related issues.

Unfortunate circumstances can befall good people who were otherwise doing well in their Bankruptcy cases.  To avoid the sale of one’s home at foreclosure sale, or for any number of other reasons, a second or third Bankruptcy filing may be required.  However, it is important to understand that the laws pertaining to the Automatic Stay (The Bankruptcy Protection) can change with subsequent filings.  Do not be discouraged, and call one of the Attorneys at the Law Offices of Sadek & Cooper for a free consultation to review your options.

Our Attorneys will make a careful review of the docket of your prior case in order to determine how your rights will be affected in a subsequent Bankruptcy filing.  For instance, if a second Bankruptcy filing is made within one year of the dismissal of a prior filing, then the Automatic Stay will expire after 30 days. See 11 U.S.C. §362(c)(3).  With the skilled help from one of our Attorneys, the Automatic Stay can be extended for the duration of your case after the filing of a Motion with the Bankruptcy Court to Extend the Automatic Stay.

Additionally, if a third Bankruptcy is filed and pending within the same year as two prior cases, then there will not be an Automatic Stay upon filing.   However, carefully drafted motions by one of our Attorneys, offer our Clients the best chance to have the Court issue an Order Imposing the Automatic Stay in situations such as this.

Even if you have filed Bankruptcy in the past, you may be able to re-file Bankruptcy when done in good faith.  Allow one of our legal professionals to guide you through the process, and clearly explain your options.

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