What type of bankruptcy is best for me?
Bucks County Different Types of Bankruptcy
As a Bucks County resident and Bucks County bankruptcy lawyer, my firm has successfully handled thousands of bankruptcy filings for personal bankruptcy, including Chapter 7 bankruptcy and Chapter 13 bankruptcy and we have provided bankruptcy information to an even greater number of citizens in Bucks County. The decision to file bankruptcy is different for many individuals and each person has a unique set of circumstances surrounding their financial situation.
Bankruptcy types are confusing. It is always challenging for individuals to determine whether they should file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy for their personal bankruptcy. People may call me for bankruptcy information, hoping they qualify for a Chapter 7 bankruptcy, but we determine that their home has excess equity beyond the allowable exemptions or they are behind on their mortgage payments. Other times, a person may call me and assume they are a Chapter 13 bankruptcy but I determine that we may use “state exemptions” to get them into a Chapter 7 bankruptcy. There are so many factors and nuances to the Bankruptcy Code that, if a person is not careful or if their attorney is not well-versed in bankruptcy law, they may be at risk of losing their home, their car, or not obtain a discharge. Finally, the internet is a perilous resource, at times, for bankruptcy information. I have seen websites with absolutely wrong information for their readers.
It never hurts to call me as I offer a free consultation to anyone regarding their financial situation. I will discuss with you all applicable bankruptcy information, including whether a Chapter 13 bankruptcy or a Chapter 7 bankruptcy is the best type of bankruptcy filing for you.
Personal Bankruptcy, Filings, Information & More
Bankruptcy filings over the last decade are at an all-time high. With the current economy, many individuals are finding relief through a Chapter 7 or Chapter 13 for their personal bankruptcy. I believe the stigma of bankruptcy is slowly disappearing and it is becoming more acceptable to file for bankruptcy given underwater mortgages, increased interest rates on credit cards, difficulty getting medical coverage, and high unemployment.
It is important to determine whether you should file as a Chapter 7 or Chapter 13 bankruptcy. It is best to call me at 215-789-6257 and I will give you a free, no-obligation consultation to discuss teh different types of personal bankruptcy of which bankruptcy type is best for you in Bucks County.
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