Bankruptcy Attorney in Media, Pennsylvania - A Comprehensive Guide
If you are considering bankruptcy as an option for your financial situation, it is important to find a bankruptcy attorney in Media, PA . Bankruptcy attorneys can help make the process easier by explaining when and how to file for bankruptcy and what type of bankruptcies exist. You also need to know about exemptions, which allow you to keep certain personal assets like a home or car, even if you're not able to pay your debts in Media. This article will talk about the basics of filing for bankruptcy, including information on what types of bankruptcies are available and how long each one lasts.
What is Bankruptcy Attorney in Media, Pennsylvania
A Bankruptcy Attorney in Media, Pennsylvania, is a lawyer who specializes in bankruptcy. When someone cannot repay their debts, they may seek the assistance of such an attorney to help them file for Chapter 13 or Chapter 11 bankruptcy attorney media pa.
How Does a Bankruptcy Attorney in Media, PA Help You
If you are looking for an experienced Bankruptcy Attorney in Media, PA, to help with your case, the bankruptcy process can be confusing. We can provide all of our clients with assistance on any type of bankruptcy filing they might need from planning their whole financial strategy through completion and post-bankruptcy life. Our media bankruptcy attorney have years of experience helping people just like you get a fresh start after taking care of old debt and legal difficulties that were holding them back from building a better future for themselves or their families.
Types of Personal Bankruptcies in Media, Pennsylvania
There are two main types of bankruptcy, Chapter 13 and Chapter 7 bankruptcy lawyer media pa. Chapter 13 bankruptcy lawyer media pa is used to reorganize your debts for three or five years at a time. You can use these arrangements to repay portions of your debt under more favorable terms than you would be able to without the court order. In this type of filing, there's no need for an attorney as it does not involve liquidation as chapter seven does.
The Process of Filing for Chapter 7 or 13 Bankruptcy with the help of a Bankruptcy Attorney in Media, Pennsylvania
Chapter 13 bankruptcy lawyer media pa is a reorganization of your debts. A repayment plan can be created, outlining the amount you will pay and when over three to five years or more time than that if necessary. The court approves this repayment plan for up to 60 months. While it might seem like you're getting off easy with just paying back part of what you owe, there are some drawbacks. Your car could still get repossessed--or even worse, sold at auction--and all those credit cards that have been maxed out may not disappear under these terms either; they'll continue charging interest rates as high as 29%.
Siddons Law Firm
230 N Monroe St Suite A, Media, PA 19063
(610) 255-7500