Philly Bankruptcy Lawyer
Are you receiving phone calls from debt collectors for credit card debt and missed payments? Is there a chance you won’t make payments on outstanding debt for a long time because of job loss or medical emergencies?
We sometimes think of bankruptcy as being a form of failure. Yet, that isn’t the case for most Philly residents. When you are facing the prospect of growing and unrelenting debt or other serious financial struggles, bankruptcy is actually your fresh start. To guide you through the bankruptcy court and legal requirements, you need a Philly bankruptcy lawyer from Sadek & Cooper Law Offices.
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How Can We Help?
Our local law firm provides representation through bankruptcy and bankruptcy alternatives, which include:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Debt settlement plans
- Business bankruptcy
- Loan modification, and
- Debt negotiation.
The problems created by a high credit card balance are numerous and can seep into all aspects of one’s life. To start, a high credit card balance can quickly become unmanageable for an individual. While minimum payments may initially only amount to $30 to $50 a month, as the balance grows the payments will as well. If you happen to miss one or several payments, penalties may apply. These penalties can include missed payment fees and sky-high interest rates. Interest on high balance accounts accrues quickly. Once the balance reaches tens or even hundreds of thousands of dollars, the individual may endeavor to pay down the debt but only end up falling further and further behind. Needless to say, facing a debt situation of this type can feel like fighting through quicksand; the harder the individual fights to get out of debt, the further they nevertheless sink.
However, serious financial problems can exist even prior to the debt becoming unmanageable. While these problems may not yet warrant a bankruptcy filing, they are clear signs that the individual’s finances are moving in the wrong direction. For instance, simply carrying a revolving debt balance that approaches one’s credit limit can drag one’s credit score down. Similarly, multiple, maxed-out cards raise the temptation of “robbing Peter to pay Paul.” The financial gymnastics required to balance these competing creditors is anxiety inducing, stressful, and increases the likelihood of mistakes that may trigger harsh penalty provisions described above.
Perhaps the most distressing part of falling behind on credit cards and other debts for many people are the seemingly non-stop creditor and bill collector calls. These calls are often directed at your home, work, and any other location you are frequently present. Many individuals find these calls extremely embarrassing and simply want to make them stop.
Benefits of a Local Philly Bankruptcy Lawyer
At Sadek & Cooper Law Offices, we know our local focus provides significant advantages for our clients, not least of which is the better likelihood of a good outcome. However, engaging a local, Philly law firm can have advantages throughout the bankruptcy process.
For each client, Sadek & Cooper Law Offices provides unique and individualized legal solutions. There is a significant interest in understanding the specifics of your case and avoiding cookie-cutter solutions. Our team makes an individual investment in developing a legal strategy and making sure we know your objectives in bankruptcy, or other areas of practice, including foreclosure, IRS negotiation, and family law.
Deciding on Bankruptcy with a Local Lawyer
Whether you are looking to end the harassing phone calls from a debt collector or improve your credit, bankruptcy is a single option among many. A Philly bankruptcy attorney can offer different ways to refresh your financial situation and restart your life. Discussing these options, and whether bankruptcy is the right choice for you, starts with an initial consultation at Sadek & Cooper Law Offices.
Our local offices offer initial consultations on a free and confidential basis. At Sadek & Cooper Law Offices, we utilize this in-person meeting between you and a Philly lawyer to learn about your financial situation and answer all your questions. Even if you don’t become a client, this consultation is entirely confidential and always free.
Hiring a Philly Bankruptcy Lawyer
If you’ve been facing financial worries alone or leaning only on family members for advice, you may not be ready to file for bankruptcy tomorrow, or even next. Our Philly bankruptcy lawyers understand that the process of achieving a better financial future can be just as daunting as your debt. That’s why we are here to help.