Falling into debt is something that can happen to anyone if they're not careful. When an individual has debts that they're making a genuine effort to pay off but they still need help, there's Chapter 13 bankruptcy. Also known as a repayment bankruptcy, this is a...
Consumers in Stroudsburg, Pennsylvania, may consider bankruptcy to help relieve overwhelming debt. Chapter 13 bankruptcy is a solution for consumers who have a desire to pay their debts. This type of bankruptcy has several benefits. How Chapter 13 bankruptcy works...
Chapter 7 bankruptcy, under consumer bankruptcy law, is when a debtor agrees to liquidate assets. In exchange for surrendering assets, rights are conferred to the applicant. These include an automatic stay on the actions of creditors. What's covered under the...
Pennsylvania citizens who file for Chapter 7 bankruptcy will undergo the process of having to sell some of their assets. While it's a common misconception that you'll have to sell all of your assets, that's actually not the case. State and federal laws help to...
Bankruptcy is a legal process that can discharge certain unsecured debts, such as credit cards, past due utilities, and medical bills. When Pennsylvania consumers file for bankruptcy, they must list all debts on the petition, even credit cards with a zero balance....
It is not uncommon for people to find themselves overwhelmed with credit card debt. When those individuals hear about the concept of credit card debt forgiveness, they envision a reality in which all their debt magically vanishes. However, that is not how credit card...
Come January 2, the holidays officially end, and it is back to routine living. Many Pennsylvania residents put the holidays out of their mind and don’t expect to think much about them for at least another 11 months. And then bills start to arrive. Credit card...
Many people who struggle with debt in Pennsylvania have a mix of credit cards and student loans. When most people go to file for bankruptcy, however, they don’t consider the possibility that their student loan debt could be discharged. Student loans can be discharged...
One of the most bothersome aspects of financial difficulty for residents of Monroe County is the repeated efforts by creditors to collect what they are owed. Telephone calls, letters and occasionally other methods are used by creditors to force debtors to pay off...
There are a lot of misconceptions about bankruptcy. A lot of people think that it will ruin their financial lives forever, and that it destines them to a life with nothing. This is far from the reality of what bankruptcy has to offer. In fact, each year millions of...
