You Can Get A Fresh Start

Debt can happen to anyone. Whether through steep medical bills, divorce, job loss or another reason, debt can easily spiral out of control and become unmanageable. If you find yourself in a situation where you are unable to pay your bills, you need help. Bankruptcy is one option to help you get a fresh start free from the harassment of creditors. Filing bankruptcy is not a stain on your personal history, but rather a way for you to get back in control of your life and start building toward a more optimistic future.

Debt Isn't Necessarily A Moral Failing

There are many reasons people get into debt. Some people may have credit card debt, some may owe the IRS money and some may owe a balance on loans. Still others may have faced an unavoidable financial crisis through sudden unemployment, a medical emergency or other personal crisis. Small business owners sometimes take on a lot of debt to get their enterprise started. While debt may not feel good, being in debt doesn't make you a bad person. You simply need to find a way to get out. Bankruptcy may be the best way to accomplish that goal, or there may be another way that better fits your circumstances. You may even have a related legal need that we can serve. For example, we can help you if you need representation in a foreclosure defense. Our attorneys can take your individual situation into consideration, and create a plan by which you can best address your debt.

As soon as you file for bankruptcy, your creditors will no longer be able to harass you. This alone can provide a great deal of relief.

Types Of Bankruptcy Filings

If bankruptcy turns out to be the best option for you, you will likely file for one of the two most common forms of bankruptcy, whether you are filing as an individual or as a business:

  • Chapter 7 Bankruptcy. With this type of bankruptcy, you may have to sell — or "liquidate" — any property you own that can help pay off your debt. In return, your unsecured debt will be dismissed. Certain types of property (like furniture, clothing and cars) are not eligible to be liquidated in this kind of bankruptcy. Similarly, some types of debt, like child or spousal support or tax debt, cannot be dismissed in Chapter 7 bankruptcy.
  • Chapter 13 Bankruptcy. This type of bankruptcy allows you to keep property that might have been liquidated in a Chapter 7 proceeding, but requires you to come to an agreement with the court to pay back a portion of your debt. People who have a reliable source of income will often file for Chapter 13 instead of Chapter 7.

If you're filing for bankruptcy in Pennsylvania, your debt solution will depend on many factors, including your resources and income and the amount of debt you owe. We can assess your situation and determine the best way for you to move forward.

Contact Us Today To Get The Debt Relief You Need

There is a way out of debt. We're here to help you find it and get the fresh start you deserve. For your free initial consultation with a debt relief lawyer, call our Doylestown firm, Bond & McCullough, at 215-792-2015 or contact us online to learn more.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.