What Mistakes to Avoid When Filing Bankruptcy in Pennsylvania

Want to ruin your bankruptcy to the point that the court might alter your filing or throw out your claim altogether? It’s not as difficult as you might think. A single, purposeful misstep can empower your creditors and give them the legal ability to resume collection practices against you with impunity. Our Philadelphia bankruptcy attorneys see many clients in the midst of one of more of these difficulties when they arrive at our offices. Steering them down the right path can be a challenge, especially if they’ve already made a couple key mistakes in the eyes of the court.

Not Making Informed Decisions for Your Pennsylvania Bankruptcy Case

Deciding the particular path to travel when preparing for your bankruptcy, or which chapter to file, without consulting experienced legal professionals is a fool’s errand. You need sound advice and direction, without which you could steer yourself down an avenue where a court-appointed trustee can liquidate your assets, including your own home, and sell them to the highest bidder. Doing the homework is an essential component of the process, as is an attorney in many cases. You simply don’t know all the rules, and that’s not your fault. Arming yourself with the best possible information and counsel are among the most proactive steps you can take.

Losing Important Bankruptcy Paperwork

Each chapter of bankruptcy has specific forms, petitions and declarations necessary for the court to consider the appeal for protection. Without all the proper documentation, the court cannot legally render a decision, which may mean your case gets tossed out and your creditors let loose upon you. For example, failing to provide forms in Chapter 7 bankruptcy of your exempt assets, or those that you’d like the court to consider for exemption, could result the dismissal of your claim or your assets being dangerously vulnerable to liquidation.

Procrastinating on the Bankruptcy Filing Deadlines

Deadlines to have all the power into the court aren’t a guideline nor are they negotiable. If the court demands all documents into their clerk’s office by Tuesday at 12:00pm, one minute past the appointed time isn’t good enough. In fact, there’s case law to support that the bankruptcy court can’t extend your filing deadline after you’ve already missed it. Don’t play with fire by delaying timely delivery. Of course, if you have an attorney working on your claim, you shouldn’t need to worry about the deadlines. Knowledgeable lawyers will have your paperwork turned in on time. It’s also important to list all of your creditors in the original documentation. Leaving one off, even by accident, can mean the debt survives the bankruptcy process. Instead of emerging with a clean slate, you have a niggling creditor hounding you for payment or trying to haul you back into court before a judge.

Call Our Philadelphia and Bucks County Bankruptcy Lawyers Today

If you, or someone close to you, is in the midst of financial troubles, bankruptcy may be the solution you need to reduce your debts and gain that fresh financial start you’ve been desperately searching for. Call our law offices today for a consultation with our skilled legal team. We’ve handled more than 10,000 bankruptcy cases in our 25 years helping Pennsylvania and New Jersey residents. We can help you too.

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12 Convenient Locations Across Pennsylvania and New Jersey

Philadelphia, PA

7909 Bustletown Ave, 1st Floor Philadelphia, PA 19152 (215) 607-7478 Get Directions

Quakertown, PA

328 Broad St. Quakertown, PA 18951 (215) 515-6876 Get Directions

Allentown, PA

137 N 5th St. Suite A Allentown, PA 18102 (215) 240-4082 Get Directions

Jenkintown, PA

135 Old York Road Jenkintown, PA 19046 (215) 544-3347 Get Directions

Easton, PA

101 Larry Holmes Dr. #212 Easton, PA 18042 (215) 515-7077 Get Directions

Bala Cynwyd, PA

2 Bala Plaza, Suite 300 Bala Cynwyd, PA 19004 (610) 557-3209 Get Directions

Bensalem, PA

3554 Hulmeville Rd, #102 Bensalem, PA 19020 (215) 515-6389 Get Directions

Plymouth Meeting, PA

600 W. Germantown Pike #400 Plymouth Meeting, PA 19462 (215) 515-6876 Get Directions

Harrisburg, PA

2225 Sycamore St Harrisburg, PA 17111 (717) 864-8887 Get Directions

Cinnaminson, NJ

909 Route 130 South #202 Cinnaminson, NJ 08077 (609) 796-4344 Get Directions

Hamilton Twp., NJ

100 Horizon Center Blvd., 1st and 2nd Floors Hamilton Township, NJ 08691 (609) 236-8649 Get Directions

Marlton, NJ

10000 Lincoln Drive E One Greentree Centre, Suite 201 Marlton, NJ 08053 (856) 213-2805 Get Directions

Piscataway, NJ

200 Centennial Ave. Suite 200 Piscataway, NJ 08854 (908) 367-7256 Get Directions