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Chapter 7 Bankruptcy Attorneys in Warminster, PA

Regain Financial Freedom Through Chapter 7

At McCullough Eisenberg, we understand how filing for bankruptcy can be a frustrating and even frightening time. Just as you would not start a lawsuit without an aggressive attorney to represent you, you do not want to go into bankruptcy court without a compassionate and attentive lawyer to guide you.

After over 50 years of practice in helping people throughout Bucks County in similar situations, our bankruptcy attorneys have the expertise to walk you through this process.

Learn what our Chapter 7 attorneys can do for you! Call our office in Warminster today at (215) 392-6696 for a free case evaluation.

Is Filing for Chapter 7 Right for You?

Of course, each bankruptcy case is unique. It is hard to know which plan is best for you without an evaluation. However, there are common advantages and disadvantages in a chapter 7 bankruptcy.

Some benefits to a chapter 7 bankruptcy include:

  • a “fresh start” discharge of certain debts
  • immediate halt of creditors’ collection efforts on date of filing
  • no minimum debt requirement
  • a quick (usually 3-6 month) process

Some drawbacks to chapter 7 bankruptcy include:

  • non-exempt property is sold by the trustee (exemptions are determined by Pennsylvania state and federal law, and are decided in each case specifically at the 341 hearing).
  • restriction from filing another chapter 7 bankruptcy until after 8 years
  • co-signers on a loan may end up with your debt
  • any stays on your house foreclosure are only temporary

How to File for Chapter 7 Bankruptcy in Pennsylvania

As your representation, we start the filing process by getting a better understanding of which bankruptcy plan is best for you and your case.

We collect and examine your financial information, such as:

  • Your tax returns
  • Credit reports
  • Paycheck stubs
  • Bank statements
  • Other financial statements

We can then use this information to file a petition with the court so the court can set a date for your 341 hearing (also known as the Meeting of the Creditors). At this hearing, your court-appointed bankruptcy trustee may question you about the information provided and discuss issues relating to the bankruptcy, such as confirmation of your debt discharges.

Once an agreement is established in this hearing, your bankruptcy trustee may liquidate your non-exempted assets to pay back your creditors. At this point, your creditors' collection efforts must legally cease. During this time, your attorney may write Cease and Desist letters to any creditors who are not cooperating.

Choose McCullough Eisenberg for Your Chapter 7 Case

The Chapter 7 process can be a beneficial step toward regaining control of your finances. However, it can be complex and confusing for those not familiar with the Pennsylvania bankruptcy laws to get started and file properly. If you think Chapter 7 bankruptcy can provide the debt relief you need, it is imperative to get in contact with our experienced attorneys at McCullough Eisenberg, LLC. We can help you avoid common pitfalls and guide you toward your financial fresh start.

Call today at (215) 392-6696 for a free case evaluation to see what our Chapter 7 lawyers can do for you!

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