Personal Bankruptcy in Media, Chapter 7 & 13 Bankruptcies

Chapter 7

Chapter 7 is a type of liquidation bankruptcy available to individuals in Pennsylvania. It helps people emerge from debt in a relatively short period of time. For most clients, they can eliminate all of their credit card debts, medical bills and many other unsecured debts, while keep all of their property.

Chapter 7 recognizes that some people deserve legal help to emerge from debt and offers a much-needed sense of financial hope:

• Security of a financial “fresh start”
• Relief from aggressive creditors
• Credit counseling to help manage future financial problems

Talk to Media bankruptcy lawyer Mr. Waterman about whether or not Chapter 7 is the right solution to overcome the challenge of your financial problems.

Chapter 13

Chapter 13 is available to those individuals whose financial circumstances are better suited for implementing a long-term debt-repayment plan. Filing Chapter 13 is generally available for those with a steady source of income and available income to pay off debts.

Pennsylvania Chapter 13 bankruptcy provides many possible benefits to people who can pay off debt in the 3 to 5 year time line:

• Keep your home
• Prevent foreclosure
• Consolidate debt
• Keep your income tax return
• Lower interest rates on certain loans
• Rebuild your credit during the repayment plan

Mr. Waterman provides the legal counsel and has the experience to help people create a repayment plan that they can live with. His Media bankruptcy law firm will help you explore the many other benefits of Chapter 13 to work toward the long-term goal of financial stability.

Contact us today for Media personal bankruptcy help

To learn more about how you can get help with Chapter 7 & 13 bankruptcy in Delaware County, Pennsylvania, contact us or call 877-837-2839 or fill out our quick contact form today.