Penndel, PA Bankruptcy Lawyer
Penndel, PA has a cost of living that’s well above the American average. Sperling’s Best Places lists it at 118.5 over the 100 points American average. And housing is even more expensive at 128.8 over the 100 points national average.
Median home prices are more expensive than homes throughout the rest of the state, too.
All of this means that it’s easy to fall into financial distress. When Penndel residents enter a state of financial distress, they turn to Sadek & Cooper.
Here are some of the questions Penndel residents have had about working with us.
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When should I file for bankruptcy?
There are several signs that filing for bankruptcy is a good idea.
First, are you having trouble paying for basic expenses? If you’re constantly reaching for your credit card to pay for utility bills then you might be in trouble.
Do you have multiple items in collections? Bankruptcy can stop annoying collection calls for good. It can also put an end to collection agency lawsuits.
Are you in danger of losing your home or car? Bankruptcy can protect them.
Do you constantly feel stressed out about money? If you’re deeply in debt and don’t see a way out, bankruptcy is your legal remedy.
You should file as soon as you know there is trouble on the horizon. Otherwise you could end up handing over money to creditors when you could be using that money to meet your own basic needs.
Can I really afford a lawyer?
You can when you turn to Sadek and Cooper.
We truly care about helping people with financial problems. That’s why we’ve set fair rates.
It’s also why we offer payment plans to help make the bankruptcy process financially viable for you.
The first consultation is free, and we’re happy to discuss your payment plan before we move forward. That way there won’t be any surprises, and you can take advantage of bankruptcy without worrying about whether or not you’ll be able to afford the help.
See also: Hiring a Lawyer vs. Going Pro Se.
Which bankruptcy chapter should I file?
It’s imperative for us to get a look at your entire financial situation so we can help you choose the right bankruptcy chapter for your situation and goals.
For some, Chapter 7 will be the best choice. We’ll need to determine if you meet the means test. We’ll also need to determine whether all the property you need to save falls under federal or state exemptions.
For others, Chapter 13 will be the route to saving your home, car, and more. We’ll work with you to prepare a livable budget and repayment plan that the trustee will accept.
come into our Bucks County, Delaware County, or Philadelphia law offices often want to know makes bankruptcy unique in Pennsylvania. Similarly, individuals who come into our South Jersey office in Moorestown often want to know about what is unique about New Jersey bankruptcy filings.
To start, while all bankruptcies are filed in federal court, all cases contain certain elements of state law. One of the more relevant state-by-state differences for a Chapter 7 filing is the fact that bankruptcy exemptions are often affected by state law. Chapter 7 bankruptcy exemptions are the property you can keep. While both New Jersey and Pennsylvania allow Chapter 7 filers to select from the state or federal exemptions, the state exemptions are unique in New Jersey and Pennsylvania. For instance, while neither Pennsylvania’s nor New Jersey’s state bankruptcy exemptions include a homestead exemption, the federal exemptions available in both states include protection for home equity. Therefore, a person considering Chapter 7 bankruptcy should also expect to be able to keep a substantial amount, or all, of one’s property.
We’re here for you, Penndel.
When you use expert legal counsel to file bankruptcy you get the peace of mind that comes with knowing you’re working with someone who can handle anything the system throws at us. You’ll go into your bankruptcy knowing you’ve eliminated any issues which could create problems with your case.
With our help, the whole process should move smoothly.
We offer 24/7 calls and free consultations to Penndel residents. Just call or email us today so you can get one step closer to enjoying your fresh financial start.