Pottstown, PA Bankruptcy Lawyers

If you are feeling crushed by debt, unable to pay your monthly expenses, or fear losing your home to foreclosure, filing for bankruptcy could offer you the relief you and your family desperately need. There is no shame in filing for bankruptcy. Bankruptcy was designed to give hardworking people a means to pull themselves out of an economic hole. Bankruptcy provides the tools and legal protections to obtain a fresh financial start.

How filing for bankruptcy benefits you depends on your unique circumstances. At Young, Marr & Associates, our Pottstown, PA bankruptcy lawyers offer compassionate and professional legal help to those overwhelmed by debt. Our goal is to take the fear and stigma out of bankruptcy, so the hardworking residents of Pottstown feel comfortable taking advantage of the benefits it offers.

Our attorneys and staff also understand that it is not easy to seek assistance for your financial troubles. We also know that a successful bankruptcy case depends on how invested the debtor is in the proceedings. Therefore, it is important to us that you understand the bankruptcy process. Our Pottstown bankruptcy lawyers are here to answer your questions and address your concerns. Call (215) 701-6519 to schedule a confidential appointment.

Who Should File For Bankruptcy in Pottstown, PA

Filing for bankruptcy is a major decision. For many people, bankruptcy is a way to start over. For others, bankruptcy is a means to protect their most cherished possessions. However, in some situations, filing for bankruptcy is analogous to using a sledgehammer on a finishing nail. How do you know if you need to or should file for bankruptcy?

There is no “one” or “correct” answer. However, if certain circumstances exist, you should consider speaking with one of our experienced Pottstown bankruptcy lawyers.

  • The majority of your debts are unsecured, such as medical bills, credit card debt, or unsecured personal loans
  • It would take you over five years to pay your creditors, not including your mortgage or car loan
  • You are receiving harassing collection calls, letters, or emails
  • You have fallen more than a month behind on multiple debts
  • You have expensive medical bills and limited or no medical insurance
  • You have little savings and few assets
  • A creditor is suing you, your bank account has been frozen, or your wages have been garnished
  • Your car was repossessed or threatened with repossession
  • Your mortgage lender filed a mortgage foreclosure action against your home

Every person’s situation is unique, so it is important to review your case with an experienced bankruptcy lawyer.

Advantages of Filing for Bankruptcy in Pottstown

The benefits filing for bankruptcy provides depends on what chapter you file and the type of debt you have.

The Automatic Stay

When you file for bankruptcy, a legal wall is erected between you and your creditors. This injunction, known as an automatic stay, goes into effect whether your file a Chapter 7 or Chapter 13 case. Creditors are prohibited from attempting to collect a debt after you file. This means they are not allowed to call you, send you letters, or file a lawsuit against you. For example, if your house was scheduled for a sheriff’s sale, filing for bankruptcy will stop the sale. Additionally, wage garnishments will cease, bank accounts will be unfrozen, and in some cases, repossessed vehicles will be returned.

Eliminate Unsecured Debt

Most people file for bankruptcy to discharge unsecured debt. If you qualify, you could eliminate your unsecured debt, including medical bills, personal loans, and credit card debt in five or six months through a Chapter 7 bankruptcy. While you might be required to pay a portion of your debt back if you file Chapter 13, debtors typically still discharge a significant portion of their unsecured debt. Our Pottstown bankruptcy lawyers will evaluate and examine your debt to determine what is dischargeable.

Pay Back Secured Debt

Sometimes people want to file for bankruptcy to pay back secured debts. A common example is a homeowner who fell behind on their mortgage. Filing a Chapter 13 case allows a homeowner to pay their mortgage lender over five years. In most cases, this is a much more manageable payment schedule than the mortgage company would offer. Depending on the homeowner’s income and assets, they could also discharge unsecured debt. Paying secured debt is not limited to homes. Many people file for bankruptcy to keep their car or truck.

No Tax Obligations on Discharged Debt

Bankruptcy offers a huge advantage that many people fail to consider when weighing their debt relief options. It is possible to settle with a credit card company or another creditor. Some creditors will offer a settlement, requiring the debtor to pay a portion of the debt while forgiving the remaining balance. Typically, this amount will have to be paid in one lump sum. One drawback to settling with a creditor is that forgiven debt is considered taxable income. This means you must list any forgiven debt as income when you file your federal tax returns. The additional income means you could lose an anticipated refund or you could owe additional taxes. When you file for bankruptcy, any discharged debt is not considered income for tax purposes.

Experienced Pottstown, PA Bankruptcy Lawyers Offering Confidential and Free Consultations

For many people, knowing whether filing for bankruptcy is the best option or not is difficult – if not impossible. Our experienced Pottstown, PA bankruptcy lawyers are available to help you guide you through this process. At Young, Marr & Associates, we know that filing for bankruptcy has great advantages and benefits. We also understand it is not the best option in every situation. By taking the time to review your circumstances, we can offer our professional and compassionate advice. Call (215) 701-6519 to see if filing for bankruptcy is the right option for you.

The Results


Best Bucks County Lawyer

“When we came to see Gail Marr, Esquire, we were behind on our mortgage and car, and really wondered if we would be able to dig ourselves out. However, Gail was totally patient and understanding and that made us feel more relaxed, and we were able to successfully complete a Chapter 13 Plan. We are now 5 years removed from bankruptcy, and it was the best thing that we had ever decided to do.”

Best Bucks County Attorney

"Paul, you were so understanding and sympathetic, I truly felt like you understood where I was coming from. I was terrified and thought I would never be able to make it through, but you changed my opinion of attorneys, and I would highly recommend you to anyone who is in need of financial help."


Best Philadelphia Lawyer

Daria S. is under the age of 50 and classified by Social Security as a younger individual. She was denied benefits in Pennsylvania and came to our office with complaints of uncontrolled dizziness and vomiting with numbness and right side tinnitus. Her previous work history was with the U.S. Postal Service. Her primary diagnoses included vertigo and Meniere’s Disease. We were successful in helping Daria obtain benefits.

Best Philadelphia Attorney

“Mr. Young was very knowledgeable and made us feel at ease with our situation. He handled our case very professionally and in a more timely manner than I have heard of other attorneys through friends. His staff was also very understanding and helpful. I would definitely recommend him and his firm and would use him again, if needed, in the future!”

Criminal Defense

Philadelphia Lawyer

Client was facing 90 days minimum imprisonment for a 2nd offense DUI. Case was dismissed at the Preliminary Hearing when the officer was unable to prove that the client operated the vehicle.

Bucks County Attorney

Client was originally charged with Felony criminal mischief for allegedly destroying thousands of dollars of bread and cookies in a supermarket in Yardley, PA. Client was found not guilty by jury of all criminal charges, sentenced by the judge for summary violation to pay $500.00 fine. Received worldwide coverage from the Associated Press and Newsweek Magazine and story was on all 4 local news stations, CNN and the Court Channel.