Some debts are non-dischargeable in bankruptcy court. A Philadelphia bankruptcy attorney can walk you through the various pitfalls and benefits of bankruptcy. Your attorney can prevent you from filing for bankruptcy and learning that your particular debt is non-dischargeable.
Bankruptcy Lawyers in Philadelphia – The Benefits of Bankruptcy
Chapter 11 Bankruptcy Benefits
Local company Broad Street Media filed for Chapter 11 bankruptcy protection earlier this year. Broad Street Media is responsible for several local papers including the Philadelphia Weekly, the South Philly Review, the Northeast Times, and nine other publications.
Injuries can occur in a variety of situations, from medical injuries, car accidents, dog bites, dangerous or faulty product, and other careless actions. In the event you suffer an injury in Philadelphia, you may want to contact the personal injury attorneys at the Alfred Abel Law Offices, as you may be entitled to compensation for your injuries.
Bankruptcy is a powerful tool that can shield your personal and business assets from debt collectors. Bankruptcy cannot protect all of your assets, some of them will be used to pay off a portion of your debt. Moreover, bankruptcy will not discharge all of your liabilities (debts). Individuals usually file either Chapter 7 or Chapter 13 bankruptcy with the help of a Philadelphia bankruptcy attorney.
A personal injury lawsuit results when a person’s actions cause an injury to someone else. One of the first steps in any lawsuit is determining who caused the accident. Who bears fault is the person who you must sue in court if you can’t settle the case first.
Bankruptcy is complicated. When filing for bankruptcy, you must account for all of your assets, liabilities, expenses and incomes. Many people make mistakes before they file their initial petition. Unfortunately, those mistakes can cause serious problems and even disqualify you from seeking bankruptcy protection. Contacting a bankruptcy lawyer in Montgomery County is always recommended to avoid costly mistakes.
The United States, for the most part, is an “at will” country, meaning that employment is “at will.” Employees are free to quit and employers are free to fire at any time. Keeping this in mind, there are a few exceptions; for example, you cannot get fired based on your race, sex, age, disability or a few other “protected classes.” Each state, including Pennsylvania, can expand on these protected classes.
Bankruptcy is simply a tool that can help people get out of unsustainable debts. Although bankruptcy can bring serious consequences to your credit score, it is likely that your credit would already be low by that point. Here are answers to four important questions from a Philadelphia bankruptcy attorney.
Bankruptcies in several districts have come down dramatically. In North West Ohio they’re down 29%. Read Here. In South Central Texas, they’re down nearly one third. Bloomberg reports that business bankruptcies are down 22% Nationwide. . One analyst attributes the decline in business bankruptcies in part to low interest rates.
Lawyer Convicted of Hiding Bankruptcy Asset for Girlfriend Despite Defense Claim He’s Not a ‘Moron’ – News – ABA Journal