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...
Your Future Begins Now
Practicing in Central Pennsylvania since 1978
Bankruptcy
Does Chapter 7 discharge all debts?
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....
Bankruptcy might include student loan debt soon
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...
Choosing between chapter 7 and chapter 13
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...
Alternatives to business bankruptcy
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...
U.S. credit card debt goes below $1 trillion for first time since 2017
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...
Rebuilding your credit after bankruptcy
While bankruptcy may give you relief from your debt now, there may still be a long road ahead of you. Rebuilding your credit can be an essential way to get your finances back on track. Your credit after bankruptcy After you have filed for bankruptcy, the filing will...
Has a health crisis got you reeling from debt? Relief is available
If your medical bills are overwhelming, you are not alone. Did you know that 60% of all bankruptcies either “very much” or “somewhat” involve medical debt? Look: a health scare shouldn’t result in an economic tailspin, but that’s the situation many people are facing....
