Philly Bankruptcy Lawyer
If you are considering filing for bankruptcy in Pennsylvania, it is important to work with an experienced and reliable attorney who can guide you through the process. We invite you to contact the Philly bankruptcy attorney at our firm as soon as possible to learn more about the bankruptcy process. After reviewing your financial situation, our attorney can advise you about your options so that you can make an informed decision. If bankruptcy is your best option, we can help you move forward with the process.
What are the benefits of bankruptcy?
There are many benefits to filing for bankruptcy. First of all, the day that you file for bankruptcy an automatic stay is imposed on your creditors, which prohibits them from trying to collect on debts you owe them. This provides you with complete relief from creditor harassment. Phone calls and letters from your creditors will stop as soon as you file for bankruptcy. Car repossessions, mortgage foreclosures, wage garnishment, and other lawsuits will stop as well. Filing for bankruptcy can also prevent your utilities from being cut off. If they are cut off before you file, you can get service restored. Bankruptcy can afford you the breathing space you need to catch up on mortgage, utility, or car payments. If you are facing a wage garnishment, a bankruptcy will prevent this from happening.
Once you file, a trustee takes over the assets of your estate and will administer the handling of all debts that you owe to your creditors. Once your bankruptcy is completed, most if not all of your unsecured debt is discharged, which means you are no longer legally obligated to pay them. Creditors and collection agencies cannot attempt to collect from you on these debts ever again. This will give you a fresh start and allow you to rebuild your credit.
Please contact our Philadelphia bankruptcy lawyer to find out how we may be able to help you.
To find out how bankruptcy can benefit you, contact the Philadelphia bankruptcy lawyer at our firm today!