Harrisburg Bankruptcy Blog | Cunningham, Chernicoff & Warshawsky, P.C.

Ignoring debt does not make it go away

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Friday, October 18, 2019.

Whether you have a mortgage, credit card balances, student loans, medical bills or another type of debt, you know how crippling it can be. According to credit card company Discover, Americans have an average household debt of more than $130,000. If you feel like you are sinking further into debt, you may wonder what happens if you simply ignore it.

While ignoring debt may seem to be irresponsible, the consequences of doing so may not appear immediately. Still, like with most problems, delinquent debt eventually catches up with most individuals. As such, rather than ignoring your debt, you probably want to consider all your options, such as bankruptcy protection.

Managing the potential issues with marriage and bankruptcy

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Thursday, September 19, 2019.

If engaged, you are no doubt looking forward to planning the wedding. However, you may hesitate to set the date because your intended has declared bankruptcy.

How will this affect you? Is the proposed marriage in jeopardy? Will bankruptcy be a dealbreaker?

6 mistakes to avoid if you are named executor in a will

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Tuesday, September 17, 2019.

When named as an estate executor, it is gratifying to know that the deceased considered you trustworthy and capable of carrying out his or her last wishes as instructed in the will.

However, the job is exacting. It may demand much of your time, depending on the complexity of the estate. To ensure you are successful as an executor, here are six mistakes to avoid:

You should not believe everything you hear about bankruptcy

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Sunday, August 18, 2019.

People who have had no experience with bankruptcy are often poorly informed about what this type of debt relief can and cannot accomplish.

If you are pondering whether to file for bankruptcy protection, here are five common myths to help you separate fact from fiction.

Replace emotional distress with financial savvy in a divorce

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Friday, July 19, 2019.

Divorce takes a financial toll on everyone, but especially on middle-aged women.

If you are a member of this group, keeping the goal of a secure financial future firmly in your sights may help mitigate the emotional distress of divorce.

3 different options of debt relief and which to choose

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Sunday, June 23, 2019.

What can you do when you are over your head in debt? There may seem like no way out.

While the journey is by no means simple or easy, you have different avenues to choose from to help you get back on track to financial security. Consider if one of these solutions may be the answer.

Preparing for the property division phase of your divorce

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Tuesday, June 18, 2019.

If you are facing divorce, you are probably dreading the property division process, especially if you accumulated significant assets during your marriage.

Here are five tips to help you prepare for property division and make this phase of your divorce less stressful.

An estate plan can cover all the bases in your life

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Wednesday, May 22, 2019.

The estate plan you prepare will be unique. If you are giving thought to the process, you may only want a will at this time. On the other hand, you may be ready for a living trust or some other estate planning tool.

Estate planning can be as basic as you wish or as comprehensive as your circumstances require. Your goal is a plan that covers all the bases in your life and leaves you feeling you just hit a home run.

How to know if you have waited too long to file for bankruptcy

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Tuesday, April 23, 2019.

Bankruptcy can impact any entity, including municipalities. A township in Pennsylvania has struggled ever since a judge ordered the community to pay an oil and gas company over $100,000 in legal fees after losing a lawsuit. Local officials have argued such an action could bankruptcy the town.

Bankruptcies are tough on businesses and city governments, but they are even harder on individuals. Citizens of Pennsylvania need to know when debt has become too much. Waiting too long can negatively impact the process overall, so it is vital to recognize the signs that you should have already filed for bankruptcy.

Financially adjusting to the divorcee life

On behalf of Cunningham, Chernicoff & Warshawsky, P.C. on Monday, March 25, 2019.

There is an adjustment period after divorce that not many people talk about. Though it may look different for everyone, people need to address a few key aspects.

One of the most important aspects to consider after a divorce is finances. Adjusting to one income rather than two can be difficult for some; however, parties can do a few things to make it easier.