On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Oct 28, 2020 | Bankruptcy
When debts get out of control for someone in Pennsylvania, sometimes he or she needs to consider the option of bankruptcy. Whether someone chooses to file Chapter 7 or Chapter 13 bankruptcy depends on which is better for his or her situation. What is Chapter 13...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Oct 16, 2020 | Bankruptcy
Approximately 60% of all bankruptcies filed in the United States relate to medical debt. That amounts to about 530,000 filings every year. Many people assume that the problem is a lack of insurance, but that is not the case. While one in 12 Americans has no health...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Jun 25, 2020 | Bankruptcy
Filing bankruptcy may be one of the biggest decisions that you ever make, but it is a solid first step toward a healthy financial future. Once you have gone through the bankruptcy process, it is time to start planning that future. For many people, secured credit cards...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | May 21, 2020 | Bankruptcy
An important part of the process when filing for bankruptcy is to make sure that you include all of your debts in your paperwork. If you fail to include a debt, the court cannot discharge it, which means the creditor can proceed to try to collect it after your...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Apr 8, 2020 | Bankruptcy
When you file a Chapter 7 bankruptcy, the trustee in your case will seize any assets you have that are non-exempt to repay your outstanding debts. If you have assets that you do not fully own, such as a vehicle, then you may have to return that asset to the...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Jan 31, 2020 | Bankruptcy
Filing for bankruptcy does have consequences. It can cause you to lose property to liquidation. If you have co-signers on a loan and you file for bankruptcy, they could shoulder at least some of the responsibility for your debt. According to Experian, bankruptcy also...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Dec 18, 2019 | Bankruptcy
The first thing you are likely to feel after your bankruptcy discharge is relief. You are starting over with a clean slate, and you hope to begin repairing your credit soon. At the law office of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC,...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Oct 29, 2019 | Bankruptcy
If you are considering bankruptcy filings in Pennsylvania, then chances are that your credit has already taken a few hits. You may have a few bills that you defaulted on or you may have had an item or two repossessed. Maybe the bank has even threatened to take your...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Aug 28, 2019 | Bankruptcy
You do not want to, but filing for bankruptcy may be the only way to start repairing your financial house and getting back to enjoying your life in Pennsylvania. That said, have you identified what brought you to this decision in the first place? According to...
On behalf of Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC | Jul 12, 2019 | Bankruptcy
Some individuals in Pennsylvania who find themselves in debt do so because they have lived beyond their means. Then there are those who tried their hardest to be as responsible as possible with their finances — and still ended up drowning in debt. There are some...
