Personal Bankruptcy Lawyer
Personal bankruptcy is something most of us do not plan for. But, debt problems can happen to anyone. Loss of a job, a family illness, divorce or a failed business venture can lead you into financial distress. If you find yourself overwhelmed by debt, talk to our personal bankruptcy lawyer to find out more about bankruptcy as a way out. Some people feel ashamed to be in bankruptcy. You shouldn’t feel this way. You have the right to file for bankruptcy and it is a legal right that millions of people have exercised.
At Alfred Abel Law Offices, our personal bankruptcy lawyer in Philadelphia, Montgomery and Bucks County and the surrounding areas help individuals and families find relief from debt. With over 35 years of legal experience, our founding attorney knows how to use the bankruptcy laws and bankruptcy alternatives to get you back above water and begin moving forward in life.
To schedule a consultation with an experienced Montgomery County bankruptcy lawyer contact our law firm today.
What is Bankruptcy? What is Chapter 7?
Bankruptcy can be the best way to eliminate all of your debt and get a fresh start. Our personal bankruptcy attorney in Philadelphia will help you at every stage of the process. We assist our clients in the filing of:
Chapter 7 bankruptcy: Despite changes in the law, Chapter 7 is still the most common form of bankruptcy. If you qualify for Chapter 7 bankruptcy, you can get a “fresh start” by eliminating credit card debt, medical bills and other unsecured debts. You can keep your home, automobile and some of your personal property by using exemptions. Each case is different, and we will explain the process thoroughly before moving forward with the filing. Chapter 7 is also known as liquidation.
Chapter 13 bankruptcy: Chapter 13 allows consumers to stop foreclosure, catch up on secured debt payments and wipe out a portion of their debt over a three- to five- year period. Mortgage arrearages, credit card debt, medical bills, car loans and other unsecured debts can all be included in your repayment plan. You must commit your available resources to the repayment plan and at the end any remaining unsecured debt will be eliminated and you will be caught up on your debts.
We understand that bankruptcy is powerful, but it may not be the best option for everyone. There are a number of alternatives to bankruptcy, including possible loan workouts, mortgage foreclosure defenses, or other options that may be a better fit for you. When you come to a law office, you should expect that the bankruptcy attorney will sit down with you, evaluate your situation and provide legal advice to help you decide what direction would benefit you the most. That’s what you will get.
Contact a Personal Bankruptcy Lawyer to Discuss Your Needs
If you are facing significant debt, do not give up hope, call our personal bankruptcy lawyer today. Our firm is ready to help you through personal bankruptcy. To arrange a consultation, call 215-517-8300 or 610-940-1635 or contact our bankruptcy law firm online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.