Pennsylvania Chapter 7 Bankruptcy
Bankruptcy was an accepted concept long before Newman Williams, P.C., opened its doors in 1923. It was deemed wise to provide a safety vault for families mired in unpayable debt, to allow them back into the economy.
Solving Serious Debt Problems With Consumer Bankruptcy
Today there are two common forms of bankruptcy relief, Chapter 7 and Chapter 13. Chapter 13 is sometimes called wage-earner bankruptcy. It seeks to stretch out payments so that they are achievable. Chapter 7 is referred to as liquidation bankruptcy. It is for people who are simply unable to pay their debt no matter how payments might be rescheduled.
Chapter 7 is an appealing option for people who have large amounts of unsecured debts such as credit card debts or medical bills. Very often, people seeking Chapter 7 protection have experienced downturns due to the economy, health problems or divorce.
Those who qualify for Chapter 7 are able to discharge their debts without any further obligation to creditors. The entire process can be completed in as little as six months.
Contact Our Stroudsburg Office To Discuss Discharging Your Unpayable Debt
Contact our office today to discuss your bankruptcy questions with a Stroudsburg, Pennsylvania, Chapter 7 bankruptcy attorney. We are available between 9 a.m. and 5 p.m. Monday through Friday and by appointment at other times.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.