Need Help With A Bankruptcy Matter
Just because you owe money to another person, a bank, a credit card company, a landlord or another party doesn’t mean you’ve signed away your legal rights. Federal and state debtor-creditor laws explain both the legal rights and obligations of debtors and creditors . If you’re being hounded by collection agencies and debt collectors, talk to a bankruptcy and debt attorney who can help you enforce your legal rights while also working to explore debt relief options. Your lawyer can discuss the pros and cons of debt settlement, garnishment, personal bankruptcy and other possible solutions. Many states forbid lawyers to say they specialize in a specific practice, but for bankruptcy law you wouldnt want it any other way. Look for attorneys who limit their practice to bankruptcy law.
Do You Really Need A Bankruptcy Attorney In Delaware
If you are overwhelmed with debt for whatever reason, you need to stop beating yourself up about it and look at the toll it is taking on you and your loved ones.
The largest banks in the world were bailed out by our government, however, I dont remember hearing about any individuals being offered the same deal. In fact, in 2005 president Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 which makes consumers jump through more hoops to take advantage of bankruptcy protection. It was hailed at the time as the banking lobbys greatest all-time victory. A few years later At the height of the financial crisis, 18 very large financial institutions received $208.6 billion in TARP funding almost overnight, in many cases without having to apply for funding or to demonstrate an ability to repay taxpayers, Congressional Oversight Panel.
Unexpected medical bills, the loss of full employment, a sharp drop in demand for your products or services can lead to serious financial troubles. Life happens and thats why there are federal laws designed to give you hope for the future and Delaware bankruptcy attorneys to guide you through the process. The banking industry may have successfully lobbied to make it more difficult but that just makes me work harder on your behalf.
I can help you take the first steps towards a brighter future for 2019. Call or email today for a free, confidential consultation. You deserve a fresh start.
The Types Of Bankruptcy Lawyer Delaware Services
The Bankruptcy Code is divided into chapters. The chapters which almost always apply to consumer debtors are Chapter 7, known as a straight bankruptcy, and Chapter 13, which involves an affordable plan of repayment.
An important feature applicable to all types of bankruptcy filings is the automatic stay. The automatic stay means that the mere request for bankruptcy protection automatically stops and brings to a grinding halt most lawsuits, repossessions, foreclosures, evictions, garnishments, utility shut-offs, and debt collection harassment. It offers debtors a breathing spell by giving the debtor and trustee assigned to the case time to review the situation and develop an appropriate plan. In most circumstances, creditors cannot take any further action against the debtor or their property without permission from the Bankruptcy Court.
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Luongo Bellwoar Bankruptcy Attorneys
We offer experienced and helpful bankruptcy legal advice for residents in Delaware County, PA and surrounding areas.
Declaring bankruptcy can stop collections calls, wage garnishments, evictions and wipe out debt enabling a clean start. Depending on your situation you may be eligible to declare Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.
Chapter 7 is referred to as a straight bankruptcy where a person is allowed to keep certain property that is deemed exempt from the bankruptcy. Chapter 13 is known as wage earners bankruptcy. It is where a payment plan is established and the debt can sometimes be reduced.
Very professional and most helpful. Mr. Luongo did an excellent job for us. We cant say enough good about him.
Taking Care Of Debt For Good
Debt consolidation and debt negotiation companies can only get you so far. Most of the time, they simply dont work. Most people who commit to these programs waste a lot of their hard earned money and end up filing for bankruptcy anyway.
Bankruptcy relief is the only real debt relief there is. Why? Because it is the law. Chapter 7 bankruptcy allows tens of thousands of people a chance at a fresh start each year.
Documents you will need if you hire a bankruptcy attorney:
- Three years of tax returns
- Six months of pay stubs
- Six months of bank statements for all your bank accounts
- Copies of car titles
- Copies of retirement account statements
Be aware that most tax debt and student loans are not dischargeable in bankruptcy but in most cases, you can still keep your car, provided you continue making the payments. The particulars of your financial situation require a longer conversation with a Whitehead partner personally.
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Considering Filing For Bankruptcy
Whether youre considering a personal or business bankruptcy, the government offers various different programs to help you overcome money problems. Most Americans choose one of the following bankruptcy procedures:
- Chapter 7 debt discharge This type of plan is what many people commonly associate with bankruptcy. Once the process is complete, nonexempt debts, such as credit-card balances and medical bills, are eliminated.
- Chapter 11 reorganization Many businesses opt for Chapter 11 because it allows them to keep their doors open while restructuring their debt obligations and reorganizing internal operations.
- Chapter 13 repayment People who are earning income but cannot catch up on past due bills can use Chapter 13 to stop creditor calls and set up a fair plan to repay what they owe over a period of three to five years.
Financial troubles rarely disappear on their own. Bankruptcy is designed to give people the legal tools they need to relieve their debt burden.
I Can Help You Become Debt Free With Chapter 7 Bankruptcy Or Find An Affordable Repayment Plan For You Under Chapter 13
I have successfully handled hundreds of bankruptcy cases in New Castle, Kent and Sussex counties. I hope that this website will help to guide you away from unmanageable debt and answer some of your questions about consumer bankruptcy in Delaware.
You Deserve A Fresh Start
In 2017 there were 472,135 non-business Chapter 7 bankruptcies and 294,500 non-business Chapter 13 bankruptcies filed nationally. In 2009 4,630 bankruptcies were filed in Delaware. In the same year, 3,400 divorces were filed statewide. Think about the number of people you know that have been divorced, that is roughly equal to the number of people who have filed bankruptcy.
Why File For Bankruptcy
People wind up filing for bankruptcy for many reasons, often involving outside forces or unforeseen expenses: Medical debt and unexpected health care costs can quickly spiral out of control, credit card debt can accrue due to business expenses or needing to use a credit card during periods of unemployment and low cash flow, investments in the stock market, real estate or other financial vehicles might suffer due to a financial crisis, or a supply chain shutdown can cause debt to cascade in times of pandemic or due to oil price fluctuations. In any of these situations, a bankruptcy attorney can help you find the best course of action.
Is Bankruptcy Right For Me
Bankruptcy is one debt relief option among many. Before you decide how to proceed, its important to understand the immediate effects of seeking bankruptcy protection. Once your filing is accepted, the court prohibits creditors from taking collection actions against you. This automatic stay means that youll be legally protected against harassing phone calls, wage garnishment, service cutoffs and other creditor actions until the case is resolved. Even most civil lawsuits are paused so that a judgment doesnt put one creditors interests over anothers. However, issues related to eligibility, the liquidation of assets and the impact on your credit going forward should be considered before determining your next stop.
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The Importance Of A Bankruptcy Lawyer
A qualified bankruptcy attorney takes the time to understand your particular debt challenges and goals. Whether youre focused on keeping your home, eliminating your debts or saving your business, your lawyer will explain which bankruptcy chapter or alternative debt relief method best suits your needs. From there, they will prepare the necessary documentation, represent you before the court and communicate with creditors until your bankruptcy is completed and you have regained financial security.
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Should You File For Bankruptcy Or Wait
If you’re battling debt, you know how frustrating it can be. Collectors call you day and night, paying your bills feels like a game of chess, and stress is a part of daily life. When facing this situation, it’s no surprise that so many people wonder if filing for bankruptcy is the right decision. After all, having your debt wiped out sounds like a great way to get back on your feet, right? However, many debtors are shocked to find out that it might be better to do nothing at all in some cases — at least for now. Here are some questions to ask yourself when trying to determine whether you should file or wait.
How Do I Choose A Bankruptcy Lawyer
Consider the following when contacting a law firm and determining which lawyer to work with:
- Comfort Level
- – Are you comfortable telling the lawyer personal information? How do you feel when speaking with the attorney?
- – How long has the lawyer offered legal advice to clients in bankruptcy cases in Delaware? Has the lawyer handled cases before the U.S. Bankruptcy Court?
- – Is the attorney affordable for your price range? Can the lawyer estimate the cost of your bankruptcy filing, including filing fee?
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Learn About The Purposes Benefits And Costs Of A Bankruptcy Lawyer Delaware
A Bankruptcy Lawyer will help with financial debt that can hamper your options and create hardship for your family. It may result in you facing creditor harassment and possibly even foreclosure of your home. However, a bankruptcy option may provide you with a fresh financial start.
The Delaware bankruptcy lawyers at Poole, Mensinger, Cutrona & Ellsworth-Aults, can help you determine whether bankruptcy is the right option for you. We will look closely at your financial situation and will explain to you the benefits of a personal bankruptcy filing. We will also discuss the necessary steps to take in order to better your financial circumstances.Call Poole, Mensinger, Cutrona & Ellsworth-Aults, at , or write to us using this convenience online form.
What Debts Cannot Be Discharged By Bankruptcy
The debts that cannot be discharged by bankruptcy are the following:
- Alimony and child support.
- Debts for willful and malicious injury to another person or property. “Willful and malicious” here means deliberate and without just cause. In Chapter 13 bankruptcy, this applies only to injury to persons debts for property damage may be discharged.
- Debts you failed to list in your bankruptcy filing.
- Certain unpaid taxes, such as tax liens. However, some federal, state, and local taxes may be eligible for discharge if they date back several years.
- Debts for death or personal injury caused by the debtor’s operation of a motor vehicle while intoxicated from alcohol or other substances.
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Contact A Qualified Delaware Attorney Now
Contact an experienced bankruptcy and a qualified Delaware real estate lawyer today for assistance with your specific needs. The Law Office of Vivian Houghton provides clients with timely, effective service. We understand that bankruptcy and real estate matters are personal issues that are not taken lightly, we help you make educated decisions.
The experienced bankruptcy and Delaware real estate attorneys at the Law Office of Vivian Houghton are easy to get to from I-95!
From North Bound I-95 you take Exit 7-Delaware Avenue. At the top of the ramp make a right on to 9th Street. Go down approximately 9 blocks to Tatnall Street. Make a right onto Tatnall. Go down 1 block and make a right onto 8th Street. Go down 1 block and make a right onto West Street. We are right on the corner.
From South Bound I-95 you take Exit 7A- Delaware Avenue. Stay Straight to go onto 11th Street. Bear towards the right onto Delaware Avenue. Turn right on to Tatnall Street. Go down 2 blocks and make a right onto 8th Street. Go down 1 block and make a right onto West Street. We are right on the corner.
There is plenty of parking, but bring quarters for the meter.
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Delaware County Chapter 7 Bankruptcy Attorney Serving Chester Drexel Hill Ardmore
We understand that bankruptcy is an intimidating, even frightening word for many people. At Sadek & Cooper Law Offices, we are committed to providing friendly, compassionate representation that takes the mystery, fear, and anxiety out of the Pennsylvania bankruptcy process. With years of experience representing thousands of clients in consumer bankruptcy proceedings, you can feel confident that your case will be handled with care, efficiency, and skill.
At Sadek & Cooper Law Offices, we are proud to represent the residents of Pennsylvania in consumer bankruptcy matters. We counsel and represent filers from all corners of Delaware County, including but not limited to Ardmore, Brookhaven, Broomall, Chester, Clifton Heights, Collingdale, Darby, Drexel Hill, Folcroft, Glenolden, Lansdowne, Media, Prospect Park, Ridley Park, Swarthmore, Woodlyn, and Yeadon.
Our Delaware County bankruptcy lawyers can assist you with filing individually, or, if you wish to file with your husband or wife, a joint bankruptcy filing. We can advise you of your options to determine whether bankruptcy is right for you, and if so, develop a plan for filing at a strategic time. If bankruptcy is not the right option for you, we can assist you with various bankruptcy alternatives, including debt consolidation. To get started learning about your options in a free bankruptcy consultation, call Sadek & Cooper Law Offices at -432-3111 today.
Could You Lose Your Home Or Car
If you’re behind on your mortgage payments or haven’t been able to make your car loan payments, you might benefit from filing for Chapter 13 bankruptcy. Chapter 13 bankruptcy can help you by restructuring your debt and allowing you to pay it off over the course of three to five years with one monthly payment. If you have arrearages on your loans, you can’t make those up through a restructuring plan. However, if you have a lot of additional debt, other than your loan payments, they can be wiped out through Chapter 7 bankruptcy. Filing for Chapter 7 might free up the income you need to catch up on your payments.
Bankruptcy doesn’t have to be a scary process. In fact, you can use bankruptcy to your advantage to help get you back on your feet. However, bankruptcy is a legal process, and as with all legal decisions, it’s best to consult with a bankruptcy attorney before making any decisions. Only a qualified bankruptcy lawyer will be able to look at your individual circumstances and advise you as to whether or not filing a bankruptcy petition will benefit you.
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Collection Attempts After Filing For Bankruptcy In Delaware
The creditor MUST stop calling or harassing you IMMEDIATELY after you file your Bankruptcy Petition with the court. ALL wage attachments must IMMEDIATELY stop. However, they may not receive notice for approximately three weeks. You will receive a letter from our office immediately after you file the Bankruptcy Petition. This will state your case number, Chapter number, whether you file a Chapter 7 or a Chapter 13, and the date of filing. If the creditors should call during this period, please just give them this information.
Bankruptcy problems require personalized attention and skilled representation. Contact a bankruptcy attorney at the Wilmington office of Poole, Mensinger, Cutrona & Ellsworth-Aults, for a free consultation. Call Poole, Mensinger, Cutrona & Ellsworth-Aults, at , or write to us using this convenience online form.
Poole, Mensinger, Cutrona & Ellsworth-Aults, is a debt relief agency. We help people discharge their debts through the bankruptcy code. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship. This is advertising material.