Bankruptcy

To many people, a business bankruptcy is synonymous with business failure. They assume that their Harrisburg, Pennsylvania companies must cease operating and close their doors to secure the financial relief provided by a bankruptcy filing. Thankfully, that is not...

Concerns about asset liquidation are common during Chapter 7 bankruptcy. Asset liquidation is sometimes necessary during Chapter 7 proceedings, which can deter those in need of financial relief from filing. Before the courts discharge the balances due on their...

If you are living on Social Security Disability and drowning in debt, you have probably asked yourself a scary question: “If I file for bankruptcy, will I lose the monthly check I depend on to survive?” The short answer is no. Federal law treats disability benefits as...

People pursuing personal bankruptcy may need to wait months or possibly even years before they are eligible for a discharge of their debts. The duration of the bankruptcy process depends in part on the type of bankruptcy filed and also on a variety of unique factors,...

The start of a new year often encourages people to take stock of their finances and consider ways to regain control. For individuals struggling with overwhelming debt, the question frequently arises whether filing for bankruptcy at the beginning of the year is a wise...

There are many benefits associated with a successful personal bankruptcy. However, many people experiencing financial hardship focus more on the negative consequences of bankruptcy than the positive results. They worry about losing their revolving lines of credit and...

Debt collection efforts can be very disruptive to people's lives. Creditors might call people at home or work. They may file lawsuits against those who have large balances due. They may even seek to secure control over valuable assets Individuals who have experienced...

Personal bankruptcy can help people facing extreme financial hardship. People who have lost their jobs, experienced medical emergencies or accrued insurmountable levels of personal debt can eliminate their financial obligations with a bankruptcy discharge. In some...

People dealing with major medical challenges may also experience overwhelming financial challenges. Significant, long-lasting medical issues may prevent people from working. Even those who can continue working may experience a reduction in their wages due to fewer...

Bankruptcy can offer a way for people struggling with debt to restore their financial standing. In the United States, Chapter 7 and Chapter 13 are two common types of bankruptcy filings. Each serves distinct advantages, but they also have different eligibility...