Businesses and individuals alike envision a Chapter 7 bankruptcy as Armageddon. The trustee commands an army of creditors to invade your property seeking assets for resale to recoup their losses. Fortunately, the Bankruptcy Code contains provisions that protect some...
Before people can file for bankruptcy, they have to attend credit counseling. People should understand what this counseling consists of, as well as how to choose a professional to work with. People usually have to take two credit counseling sessions. According to...
Many borrowers in Pennsylvania and elsewhere are struggling to repay their student loans. Naturally, they may wonder if they can discharge this overwhelming debt in a personal bankruptcy filing. The reality is that a student loan usually cannot be discharged in...
Sometimes, people in Pennsylvania realize that they are in over their heads financially and start to look for a way out of their situations. However, nothing seems to be a viable option for them -- that is, nothing except for personal bankruptcy. But what happens if...
Sometimes, people's personal debts in Pennsylvania end up outweighing their assets. In these situations, it is natural for people to feel hopeless and helpless. However, personal bankruptcy may be a viable option for them, and for those who worry that bankruptcy...
A city councilor in another state recently decided that his financial situation was beyond what he could handle on his own. He therefore decided to file for personal bankruptcy. Individuals in Pennsylvania who are struggling to make ends meet can likewise take full...
Credit cards remain a major cause of debt issues in Pennsylvania and elsewhere. In some cases, filing for personal bankruptcy is the only way to break free from this debt. Here are a few mistakes that credit card users often make that cause them to get into the...
Experiencing high amounts of debt in Pennsylvania is one of the most stressful experiences a consumer may have. In some situations, the debtor simply can find no way out of his or her debt situation. In these cases, declaring personal bankruptcy may be a wise...
Many Americans, including those in Pennsylvania and other states, find themselves facing financial problems at older ages. Research show that, since the early 1990s, the number of people filing for personal bankruptcy at 65 years of age or older has tripled. The rise...
Sometimes, consumers determine that their dire financial situations warrant drastic action. They therefore decide to file for personal bankruptcy. The good news is that, just because people file for bankruptcy in Pennsylvania, does not mean they cannot get loans if...
