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...
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Practicing in Central Pennsylvania since 1978
Chapter 7
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....
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...
What are the advantages of Chapter 7 bankruptcy?
When you face overwhelming debts, you probably wonder if you’ll ever pay it off. For those with thousands and thousands in medical debt, or credit card debt, the stress of mounting debt can be overwhelming. That’s one reason why some decide to file for bankruptcy,...
Common bankruptcy myths
The decision to file bankruptcy is a stressful one. Although the number of bankruptcies in the United States is on the decline, it's estimated that more than one million people will file a Chapter 7 or Chapter 13 this year. A bankruptcy can help you get past a...
Debt relief or bankruptcy: Which is right for you?
When you find yourself in escalating debt with little way forward, understanding the best options available to you can be difficult. That's especially true when every option will still be difficult, as is often the case for those whose debt has become unmanageable. At...
Is debt consolidation a good deal?
To many people, debt consolidation sounds like a solution to debt problems. By consolidating credit card debt into one loan, debtors can reduce their monthly payments and pay a lower interest rate. Unfortunately, the promises of debt consolidation often do not pan...
Discharging tax debts in bankruptcy
There many myths about bankruptcy and taxes. Some experts say that tax debts are not dischargeable. Others say they are. In reality, some tax debts are dischargeable while others aren't. Here are answers to common questions about tax debts and bankruptcy. Can I...
