Philadelphia, Pennsylvania, Consumer Bankruptcy Lawyer
Debt Relief Solutions • Chapter 7 Bankruptcy • Chapter 13 Bankruptcy
If you are in a tough financial situation, filing for bankruptcy may be able to provide you with a fresh start. I have more than 20 years of experience helping clients in Bristol and throughout the Philadelphia metro area file for bankruptcy. I understand the intricacies of the process and will work diligently to protect your interests and provide you with a chance at a new beginning.
Do you qualify for Chapter 7 or Chapter 13 bankruptcy? Contact me today for a free initial consultation to find out.
What Can Bankruptcy Do For You?
Bankruptcy may be your best option for achieving a fresh start. Filing for bankruptcy keeps creditors at arms length while you work to reorganize your financial situation, providing you with a stay that prevents collectors from:
- Collecting debts
- Making harassing phone calls
- Repossessing your belongings
- Foreclosing on your home
Chapter 7 Bankruptcy
Liquidation of assets is the focus of Chapter 7 bankruptcy. This Chapter is typically used by clients with an extraordinary amount of credit card debt that are no longer able to pay for basic needs. There are a number of factors that determine whether you qualify for Chapter 7 bankruptcy, including the amount of assets you possess and your household income.
The Chapter 7 bankruptcy process takes a minimum of five months and includes:
- Filing a bankruptcy petition
- Attending a creditor's meeting
- Undergoing debt counseling
- Attending a debt management course
Chapter 13 Bankruptcy
Debt readjustment is the focus of Chapter 13 bankruptcy, and is most often used as a remedy for someone to save their home from foreclosure. In this arrangement, individuals are required to make a monthly payment to a trustee for as long as five years, as well as using any extra income to take care of mortgage arrears.
Chapter 7 bankruptcy is often the most desirable route for clients, but not everyone qualifies. Chapter 13 provides an opportunity for those with household income above what is allowed for Chapter 7 to reorganize their debts and assets in an attempt to save that for which they have worked so hard.
To find out whether bankruptcy is a good option for resolving your financial problems, contact me today for a free initial consultation.
Donald Williford, Attorney at Law
114 Radcliffe Street
Bristol, PA 19007
Telephone: 215-785-3241
Fax: 215-785-6315
Alternative Fax: 877-817-8991