As the price of a college education continues to skyrocket, more and more students are graduating with staggering debt loads. Even minimum monthly payments can be difficult to manage, forcing new graduates to put off buying a home or starting a family. Discharging student loans in bankruptcy is extremely difficult, but not always impossible. Here is what you should know.
How to file Bankruptcy in Philadelphia by a Top Rated Philadelphia Bankruptcy Lawyer
Individuals and couples come to our office to file for Bankruptcy. Based on their situation, we advise them on whether Chapter 7 Bankruptcy, Chapter 13 Bankruptcy or no Bankruptcy is in their best interest. When filing for Bankruptcy protection, we can also advise which day of the month is the best day to file for Bankruptcy and bring the Automatic Bankruptcy Stay into effect.
The bankruptcy process in the United States is regulated by federal bankruptcy code. This means the process is the same, legally speaking, in all 50 states, Washington D.C., Puerto Rico and all other commonwealths and territories. Local states can make additional protections and unique property exemptions.
Spending Before and After Filing Chapter 7 or Chapter 13
This article will tell you in general what you need to know about spending before and after filing a bankruptcy petition. You will also find out what the Trustee is looking for and how he or she investigates a case. If after reading this article you have questions about your unique, specific financial situation, contact our office for a free consultation with an experienced Pennsylvania bankruptcy attorney.
If you are filing for bankruptcy and either have a life insurance policy or are the beneficiary of one, there are several ways you can protect the value of the policy.
How Soon After Bankruptcy Can I Lease or Rent?
One of the biggest fears most people have about bankruptcy is losing their home or not having a place to live after their debt is discharged. This can be especially scary for people who waited too long to file bankruptcy and have lost their homes to the bank or were evicted when they couldn’t make their rent payments.
How to Beat the IRS in Bankruptcy
For a free consultation on how to quickly get your financial situation under control call The Law Offices of David M. Offen at 215-625-9600. They are located in Center City Philadelphia – and are very easy to reach from Philadelphia and the suburbs.
Why Creditors Keep Calling After Your Bankruptcy Discharge
After you receive a bankruptcy discharge, most of your debt is gone. Wiped out. Erased. Absolved. But it sure might seem like somebody forgot to tell a few collection agents that!