We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Pennsylvania Chapter 7 Bankruptcy
If you are overwhelmed by debt and have modest or no income and few assets, you may qualify for Chapter 7, which is the most common form of bankruptcy. Under Chapter 7 all qualified debt is discharged (eliminated) without establishing a debt repayment plan. From the moment your bankruptcy petition is initially filed in court, you receive legal protection against all creditors and debt collectors listed in your petition.
Although bankruptcy is governed under federal law, each state sets certain specific requirements. Under Pennsylvania law your income can be no more than a defined median income for the state in order to qualify. Additionally, the state offers your choice of two different exemption schemes that determine the property you are allowed to keep once the bankruptcy is complete. Generally, Chapter 7 is the best way to obtain a “fresh start” by getting out from under crushing debt while keeping necessities such as your home and other property allowed by law.
Why should you retain an attorney?
The bankruptcy process requires an extremely high attention to detail and knowledge of bankruptcy court rules. Any error you make when filing for personal bankruptcy can cost you both money and time. There are various critical court deadlines. If you make errors in completing the court forms, the process can suddenly stop or your petition may be dismissed without granting you any debt relief. If you fail to list any debts, those debts will not be covered by bankruptcy protection. You may remain obligated to pay the debt. If you make serious errors you may be accused of criminal wrongdoing based on providing fraudulent information.
If you think bankruptcy is for you, make sure you choose a bankruptcy lawyer who understands the local laws and takes the time to look at your unique personal situation to find the best solution for you. Contact Kalasnik Law Office, LLC. We will help you get the best fresh start you need.