Chapter 13 Bankruptcy Can Make It Easier To Repay Your Debts

If you are an individual in Bucks County, Philadelphia or the surrounding counties, who has too many bills, you may have the option of filing a Chapter 13 bankruptcy that will allow you to repay all or part of your bills over an extended period of time. This can be a helpful option for you if you do not qualify for Chapter 7 bankruptcy, if you wish to prevent a mortgage foreclosure and keep your house, or if you have secured debt that may not be discharged in a Chapter 7 bankruptcy.

Make An Appointment To Understand Your Financial Options

I am Bucks County bankruptcy attorney Josh Goldblum. I can help you understand whether Chapter 7 or Chapter 13 bankruptcy is the right option for you and guide you through the process of filing for bankruptcy in an efficient and cost-effective manner. For more than 30 years, I have helped hundreds of individuals and their families find solutions to difficult financial and family problems. Through bankruptcy protection, it may be possible for you to find a fresh start.

Call me for a free initial consultation at 215-322-2745.

Completing your bankruptcy petition and proposed payment plan is an important step in the process. Having a lawyer on your side can help you avoid serious consequences, including bankruptcy fraud. Contact an attorney today and get the help you need.

Debt Repayment And Consolidation Through Chapter 13 Bankruptcy

Chapter 13 bankruptcy offers many advantages over Chapter 7 bankruptcy. These advantages include:

  • Ability to save your home from mortgage foreclosure. While it is possible to save your home in Chapter 7 bankruptcy as well, Chapter 13 allows people to stop foreclosure proceedings and catch up delinquent mortgage payments over an extended period of time, up to 60 months.
  • Reschedule and extend secured debts. When it is difficult to pay off IRS debt, student loans and other secured debts, it may be possible to lower the payments and extend these payments on these debts. These debts may not be able to be discharged in Chapter 7 bankruptcy.
  • Stop credit harassment. Like Chapter 7 bankruptcy, a Chapter 13 bankruptcy will stop any collection activity and prevent bill collectors from contacting you. If collection activity persists, it may be possible to pursue the creditor in litigation.

After a Chapter 13 bankruptcy, you can begin rebuilding credit almost immediately. There is a lot of information on the internet and elsewhere that can make the process of bankruptcy confusing and can dissuade you from filing for bankruptcy, even if it is in your best interest to do so. Read about common bankruptcy myths.

Free Consultation With Joshua Z. Goldblum

For more information about the advantages and disadvantages of Chapter 13 bankruptcy, contact me, Joshua Z. Goldblum, to talk about your situation during a free initial consultation. Call me at 215-322-2745 to make an appointment in my Feasterville, Pennsylvania, office. You can also email me to make your appointment. I also assist people who qualify for Chapter 7 bankruptcy.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.