Congress made it more difficult to obtain a Chapter 7 bankruptcy in 2005 when it introduced a means test as part of the Bankruptcy Abuse Prevention and Consumer Protection Act. The test is designed to make sure that Chapter 7 bankruptcies are only granted to...
When you look at your credit report in Pennsylvania, you'll see that your marital status is not listed, even if you're going through a divorce or are already divorced. This means that the divorce itself doesn't impact your credit score. However, indirect damage to...
A debt situation could become so overwhelming that paying off obligations appears impossible. Filing for bankruptcy becomes a strategy the debtor may find necessary. Each bankruptcy case comes with its unique particulars, and some may find Chapter 7 preferable....
Ideally, you'll hire a Pennsylvania estate planning attorney to help with the process of drafting a will, trust or other plan documents. Furthermore, it may be in your best interest to have an attorney review those documents at least once per year. Attorneys can...
Many people in Pennsylvania are still making payments on student loan debt that they acquired more than 10 years ago. Big universities can run people into massive debt that is difficult to repay even with a high-paying job. If you have other debt besides student...
Most Pennsylvanian residents do not want to be in a position where they have to file for bankruptcy. They want to feel financially stable without help from others or to depend on the legal system for guidance. However, the bankruptcy process helps millions of...
Divorce is an emotional time, especially if you’re a parent. Ideally, parents would be able to set their personal feelings aside for the greater good of their children. The reality is that human relationships are messy. Sometimes, one parent may negatively influence a...
You have heard the stories about friends, relatives and celebrities who failed to create estate plans, leading to avoidable legal imbroglios. With confidence, you kick back and relax, knowing you have a thorough estate plan that includes a detailed will. You prepared,...
Countless factors can lead a business to experience financial difficulties. From the increased cost of materials to an expensive workforce to other economic factors beyond their control, business owners can witness the slow decline of their profitability. While the...
Credit card debt is one of the hardest to repay bills for millions of Americans. After losing your job or another financial catastrophe, paying for everything with your credit cards may be your only option. The bills spiral past what you can afford. The interest...
