Is Bankruptcy An Option?
Many people fear the word “bankruptcy” because it sounds like failure. The truth, however, is that bankruptcy is a legitimate way to seek relief from overwhelming debt and stop debt collector harassment. If handled correctly, it can help get your finances back on track and halt harassing calls from creditors; it may even stop a foreclosure. Whether you are facing credit card debt or medical bills or can no longer make your mortgage payments, I can help.
I am lawyer Michael E. Eisenberg, and I have experience guiding consumers through the bankruptcy process, making sure they understand their rights and options along the way. I strive to help my clients see that, yes, there is life after bankruptcy.
Determining Which Type Of Bankruptcy Is Right For You
One of the first steps in the bankruptcy process is determining which type of bankruptcy to file for. I can help you make the right choice by assessing your assets and income. The most common types of bankruptcy are:
- Chapter 7: Also referred to as liquidation bankruptcy, Chapter 7 allows a consumer to discharge most or all of his or her debt while often keeping most of his or her property.
- Chapter 13: Most often filed by those with higher incomes, Chapter 13 allows a consumer to create a three- to five-year repayment plan, including the repayment of mortgage arrears, if feasible.
Helping You Choose Between State And Federal Law
In Pennsylvania, you have the option of protecting your assets under state or federal law. It is important to be strategic about the method you choose because it can mean the difference between increased and reduced asset protection.
I have more than 25 years of experience assisting consumers with important bankruptcy decisions like this one. I will walk you through your options, making sure you feel comfortable and confident in our ultimate decision.
When you are seeking payment from a consumer who has filed for bankruptcy, it is important to work with an attorney who has a complete understanding of the personal bankruptcy processes. I have the knowledge and experience to represent creditors who are seeking the maximum payment possible from a consumer.
Schedule A Free Consultation Today
We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.