Bankruptcy Lawyer in Pennsylvania
Filing for bankruptcy can be a stressful and challenging time. Most people who file for bankruptcy have never done so before, and are often unsure of what to expect, what to do, and what will happen to their debts, assets, and credit. But while bankruptcy may have a frightening reputation, filing for bankruptcy is actually a very proactive and responsible step toward financial recovery and the independence and freedom it brings.
Bankruptcy law can be complex, but at Young, Marr & Associates, you can rest assured you’re in good hands. With over 5,000 cases filed, our seasoned bankruptcy attorneys have over 20 years of experience to apply to your case. No matter how complicated, hopeless, or overwhelming your financial situation may seem, our Pennsylvania bankruptcy attorneys have been there before. We have decades of hands-on working knowledge of both Chapter 7 and Chapter 13 consumer bankruptcies, and we are committed to walking our clients through every step of the process with compassion and respect, from initial filing all the way to ultimate discharge.
Why File for Bankruptcy?
The world of bankruptcy is rife with negative myths and misconceptions. Sometimes, false ideas about bankruptcy even deter potential petitioners from filing. This is unfortunate, because for many people, bankruptcy is actually a powerful tool that offers many benefits and protections in addition to relief from overwhelming debt.
For consumers, there are primarily two basic categories of bankruptcy: Chapter 7 (liquidation), and Chapter 13 (reorganization). Both allow petitioners to discharge, or eliminate, a wide variety of debts. Depending upon which type of bankruptcy is more appropriate for a petitioner, they may be able to completely eliminate many debts, such as:
- Utility Bills
- Medical Bills
- Personal Loans
- Business Loans
- Credit Card Debt
The Automatic Stay
From the moment a petitioner files for bankruptcy, they are afforded the protection of the automatic stay. In fact, after debt elimination, invoking the power of the automatic stay is one of the chief reasons many individuals opt to file for bankruptcy. Advantages of the automatic stay include:
- Immediate cessation of contact from creditors.
- Delays against service shut-offs due to utility bill nonpayment.
- Delays against eviction and foreclosure.
One of the most persistent and pernicious myths about bankruptcy is that it destroys a petitioner’s credit permanently, and it will never again be possible to purchase a house, car, or take out a loan. While it is true that a bankruptcy remains visible on a petitioner’s financial record for a set period of time (after which it disappears), by eliminating many outstanding bills and debts, petitioners are given the opportunity to begin again on a level playing field. Once a bankruptcy has been successfully discharged, making timely bill and credit card payments can restore good, healthy credit.
Peace of Mind
While peace of mind may not be quantifiable like debt discharge or credit repair, to many petitioners, it’s one of the most valuable aspects of filing for bankruptcy. The constant harassment from creditors and worries about the future can often lead debtors to suffer from stress, depression, and anxiety. With the support of a consumer bankruptcy on your side, you can banish creditors and regain confidence that you are empowered to take control of your finances, your future, and your life.
If you or a loved one is considering filing for bankruptcy in Pennsylvania, contact the law offices of Young, Marr & Associates online, or call (609) 755-3115 in New Jersey or (215) 701-6519 in Pennsylvania to speak with an attorney. Our consultations are completely confidential, and your initial consultation comes at no charge.
For decades, we have provided aggressive, affordable bankruptcy representation to clients throughout Pennsylvania: we can do the same for you. Get back on the path to financial success today with Young, Marr & Associates.
☑ Been paying credit card balances that seem to never go down?
☑ Lost your job and are now having trouble keeping up?
☑ Attempted to work out a payment arrangement to no avail?
☑ Been notified of a mortgage foreclosure action?
☑ Been denied for a mortgage or other line of credit?
If the answer to any of these questions is “yes” then bankruptcy may be an option that you should consider.