West Chester, PA Bankruptcy Lawyer
Consumer bankruptcy has helped millions (upon millions) of Americans to consolidate their debts, resolve their financial issues with creditors, and create the foundation for a future of solid credit. Bankruptcy has the power to eliminate insurmountable debt, prevent or postpone foreclosures and repossessions, protect valuable assets, and even prevent aggressive and persistent creditors from making collection attempts.
With a population of approximately 18,500, West Chester is the county seat of Chester County, Pennsylvania. The United States Bankruptcy Court for the Eastern District of Pennsylvania reports that in 2013, Chester County reported 855 bankruptcy filings. Due to its numerous benefits, bankruptcy has become a very popular route toward repairing damaged finances and ultimately, regaining stability and independence.
Do I Need a Lawyer to File for Bankruptcy in West Chester, PA?
At the law offices of Young, Marr & Associates, we pride ourselves on offering our clients the very best bankruptcy representation available. With more than 20 years of bankruptcy law experience supporting us, no matter how difficult, confusing, or overwhelming your circumstances may seem, we have the practical knowledge and expertise to help resolve your financial issues and move forward with your life. We have filed more than 5,000 bankruptcy cases across West Chester, Chester County, and Pennsylvania, and in many cases, our clients are able to jump ahead financially by as much as 10 years.
It is not uncommon to hear that a prospective client is hesitant to hire a bankruptcy attorney because he or she is concerned about burdening themselves with an additional expense. We are sensitive to these concerns, and our team strives to minimize the stress of the bankruptcy process by providing clients with cost-effective legal representation. We offer affordable rates with flexible payment plans.
Filing for consumer bankruptcy without the guidance of a knowledgeable, seasoned bankruptcy attorney is ill-advised. The United States Bankruptcy Courts explicitly recommends against filing without a lawyer, known as filing pro se. To quote a statement from the Courts’ official website:
“It is very important that a bankruptcy case be filed and handled correctly. The rules are very technical, and a misstep may affect a debtor’s rights. […] Bankruptcy has long-term financial and legal consequences — hiring a competent attorney is strongly recommended.”
If you need a West Chester, Pennsylvania bankruptcy attorney, Young, Marr & Associates is ready to help. Our attorneys can help you take the Means Test, understand the differences between Chapter 7 and Chapter 13, file the initial petition for bankruptcy, prepare and submit all required documentation, negotiate a repayment plan, choose which exemptions you should claim, and protect your most valuable possessions.
The Benefits of Filing for Bankruptcy in Pennsylvania
If you live in West Chester, and your quality of life has been negatively impacted by debts which you are unable to repay, you may be an excellent candidate for a Chapter 7 or Chapter 13 bankruptcy. So how can filing for bankruptcy provide financial relief, and what are the benefits of bankruptcy?
Eliminate Certain Kinds of Debt
First and foremost, bankruptcy has the power to discharge (eliminate) the majority of the most common types of debt. According to a recent study which used data from the Centers for Disease Control and Prevention, the U.S. Census, and the federal courts, medical bills are the leading source of consumer debt in America today. Medical debt is dischargeable in consumer bankruptcy, along with many other categories of debt. Other debts which bankruptcy can reduce or erase include:
- Personal Debt
- Credit Card Debt
- Social Security Over-Payments
- Overdue Rent Payments
- Utility Bills
The Automatic Stay
While debt erasure may be the most well-known benefit of bankruptcy, it isn’t the only advantage which Chapter 7 and Chapter 13 have to offer. In addition to discharging debt, bankruptcy also invokes the power of a court injunction which is referred to as the automatic stay.
The general purpose of the automatic stay is to allow debtors to regroup financially while their bankruptcy is ongoing. To achieve this, the automatic stay grants petitioners several protections, including:
- Immediate relief from creditor harassment. While your bankruptcy is in progress, your creditors are prohibited from contacting you or making any collection attempts.
- Return of full income. If your wages are being garnished, the automatic stay will return your full income to you.
- Prevent utility shut-offs. If a utility provider is threatening you with a shut-off due to nonpayment, the automatic stay will prevent interruption of service.
The moment you file your initial petition for Chapter 7 or Chapter 13 bankruptcy, you are protected by the automatic stay.
Bankruptcy also comes with the benefit of built-in financial education. Before debtors may be allowed to file for bankruptcy in Pennsylvania, they must complete a course of credit counseling. Later, before debtors may be granted a final discharge, they must also complete a course of debtor education. These brief but informative courses are designed to arm debtors with the tools they need to learn effective budgeting and money management, empowering debtors to avoid additional bankruptcies in the future.
Bankruptcy Lawyers Serving West Chester, PA
If you or someone you love is thinking about filing for consumer bankruptcy, a West Chester, Pennsylvania bankruptcy lawyer can help. For a free and confidential legal consultation, call the law offices of Young, Marr & Associates at (609) 755-3115 in New Jersey or (215) 701-6519 in Pennsylvania, or contact us online today.
☑ 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.