Bankruptcy Benefits – If mounting bills, the threat of foreclosure and the constant hounding of creditors on the phone have become a source of stress and worry in your life, you may be wondering if you can even afford the process of bankruptcy. Know that if you feel this, you are not alone. Many people…
Luzerne Pennsylvania Bankruptcy – How to File Bankruptcy in Luzerne, Pennsylvania Collect Your Documents Before getting started, you need to collect all your financial documents so you understand the current state of your finances. Some of your debts may not be listed on your credit report, like medical bills, personal loans, or tax debts. Make…
Is Bankruptcy Right For You? Filing for Bankruptcy is not right for everyone. However, if you are like many people who are tired of struggling every day with mounting debt, you owe it to yourself to learn more and find out if it can provide you with the relief you deserve. With a knowledgeable lawyer…
THE BANKRUPTCY FEDERAL EXEMPTIONS AS ESTABLISHED BY CONGRESS The federal exemptions are found in section 522(b) of the Bankruptcy Code. The Debtor’s interest (value minus secured debt, as an example, if the debtor owns a house worth $50,000 subject to a mortgage of $50,000 the debtor’s interest is $10,000) in the following: (1) residential exemption:…
Pennsylvania Chapter 7 Bankruptcy Protection Our economy has left many Americans finding themselves in a constant struggle to make ends meet. If you have lost your job, own your own business, are behind on your car or mortgage payments, or are simply swimming in credit card debt, declaring bankruptcy can help you begin to put…
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