West Chester PA Bankruptcy Lawyers
Award-winning bankruptcy lawyers Stanley Luongo and Thomas Bellwoar offer expert affordable legal advice and representation to West Chester PA and surrounding (Chester, Delaware, Montgomery, Philadelphia, Lancaster, and Berks) county residents. If you are suffering from suffocating credit card debt, home foreclosure, or the inability to pay daily household bills, bankruptcy protection can help.
We are dedicated to providing experienced, affordable and personal legal assistance to help our clients achieve a fresh start and peace of mind.
Bankruptcy Protection Can:
- Stop wage garnishments
- Stop bill collector calls
- Stop foreclosure and sheriff sales
- Stop all debt-related lawsuits
- Stop IRS tax problems
- Stop utility shut-offs
- Stop evictions
- Stop car repossessions
- Wipe out credit card debts
- Wipe out bills and judgments
There are different types of bankruptcies, typically referred to by their chapter in the U.S. Bankruptcy Code also known as Title 11 of the United States Code. Individuals and businesses have the option to file Chapter 7 or Chapter 13 bankruptcy, depending on the specifics of their situation.
Chapter 7 Bankruptcy is the simplest and most common form of bankruptcy. In Chapter 7, if the debtor has assets not protected by an exemption, a court-appointed Trustee may sell the assets and distribute the net proceeds to creditors. In exchange, the debtor gets a discharge of their personal liability for most debts. In almost 99% of individual bankruptcy cases, the Trustee closes the case without selling anything that belonged to the debtor.
Chapter 13 Bankruptcy is more flexible than a Chapter 7. It is a reorganization plan for an individual with regular income who can make some payment to creditors. Unless they elect otherwise, debtors keep all of their assets in Chapter 13 and get a discharge of their debts at the end of the case.
- Answers to Common Bankruptcy Questions
- 12 Myths About Bankruptcy
- What Must I Do Before Filing Bankruptcy?
- Filing Bankruptcy in Chester County
- Filing Bankruptcy in Delaware County