What does Bankruptcy Fresh Start Mean? According to the US Courts, over the last two years, roughly 413 thousand people filed for bankruptcy. Of those cases, nearly 310,000 filed for Chapter 7. This bankruptcy filing is commonly referred to as creating a “Fresh Start.” A fresh start post filing...
According to Ramsey Solutions, just over 55 million households are carrying a balance on their credit cards. Luckily for you, you are not alone. Unfortunately, society has placed this idea that things are more important than financial freedom. It certainly is okay to spend money as long as your...
Regain Your Footing with Our Harrisburg & York Bankruptcy Lawyers The decisions you make after your bankruptcy are very important to your financial future. After completing your bankruptcy, it is important to rebuild your credit so you can qualify for favorable terms on car loans and mortgages...
The recent financial crisis has helped shed light on some of the myths regarding bankruptcy, but nearly all of the commonly believed untruths about bankruptcy are still around in some form. Sadly, most of these myths are negative and discourage people from considering bankruptcy even when it’s the...
Low-Cost Harrisburg & York Bankruptcy Lawyers How Much Will a Chambersburg & Harrisburg Bankruptcy Attorney Cost? Here are a few points to keep in mind when considering the cost of a Pennsylvania bankruptcy attorney: A reputable bankruptcy lawyer is forthright about the cost of his...
Understanding the Power of Filing for Bankruptcy When you are drowning in debt, your problems can quickly compound if debt collectors and collection agencies begin to hound you for repayment. The reality is no one wants to be in debt, and if you could repay now, you would, but collectors will...
Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy helps many individuals get on top of insurmountable debts. In addition to enjoying benefits like the automatic stay, which freezes collection actions, filers are typically permitted to discharge unsecured debts following the successful...
Thinking about death and what will happen to your loved ones after you are gone can be an uncomfortable endeavor, but proactive thinking is necessary to protecting your family from unintended consequences. You owe your family a plan when considering what will become of not only your property but...
Although bankruptcy is often the best possible option, it isn’t right for everyone. Depending on your situation, this strategy might trigger certain consequences, such as lowering your credit score, forcing you to part with higher-value property, or downsizing your business. Sometimes, it might...
You might have heard that bankruptcy can wipe out tens of thousands of dollars of debt. You might have also heard that bankruptcy will strip you of everything you own—including the essential property you use every day, such as your car. The first statement is true. Depending on your circumstances...
Did you know that Americans owe more in mortgage debt than any other type of debt? Last year, total U.S. mortgage debt reached a new record of nearly $9.5 trillion. Becoming a homeowner is undoubtedly a part of the American dream, but millions of people struggle to accomplish this goal or maintain...
When you ask an attorney (or the internet) whether bankruptcy can eliminate your student loan debt, the answers may vary. This is because student loan debt is technically dischargeable, but you need to file an adversary proceeding (separate lawsuit) to do it. Very few people attempt this for the...
