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Chapter 7 Bankruptcy Lawyers in Warminster, PA

What Can Your Chapter 7 Bankruptcy Lawyer Do for You?

At McCullough Eisenberg, we understand that going through bankruptcy can be a frustrating and even frightening time. Just as you would not want to go into a lawsuit without an aggressive attorney to represent you, you do not want to go into bankruptcy court without a compassionate, caring, and attentive lawyer to guide you through the process.

Don’t worry, after over 50 years of practice in helping people in Warminster, Pennsylvania in similar situations such as yourself, your bankruptcy attorneys have the knowledge and expertise necessary to walk you through this process.

Call today at (215) 392-6696 for a free case evaluation to see what your Warminster chapter 7 bankruptcy attorney can do for you!

A Preview of the Process

After you have completed the first step of calling us at McCullough Eisenberg and scheduling your free case evaluation, we can then continue in the process of helping you file for bankruptcy. We help you by collecting and examining your financial information, such as your tax returns, credit reports, paycheck stubs, and bank statements so that we can better understand which bankruptcy plan is best for you and your case.

We can then use this information to file a petition with the court so that 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 stop). During this time, your Warminster bankruptcy attorney may write Cease and Desist letters, enforced by the courts, to your creditors who are not cooperating.

Is Chapter 7 Bankruptcy Right for You?

Of course, each bankruptcy case is unique, and it is hard to know which bankruptcy plan is best for you without a specific case evaluation. However, there are certain 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

To find out how chapter 7 bankruptcy can help you, call us at (215) 392-6696!

Is Chapter 7 Bankruptcy Right for You?

Each bankruptcy case is unique, and it is hard to know which bankruptcy plan is best for you without a specific case evaluation. However, there are certain common advantages and disadvantages in a Chapter 7 bankruptcy.

Some benefits to a chapter 7 bankruptcy include:

  • Gives you a “fresh start” discharge of certain debts
  • Immediate halt of creditors’ collection efforts on date of filing
  • No minimum debt requirement
  • A quick process lasting between three to six months

A Preview of the Process

After you have completed the first step of calling us at McCullough Eisenberg and scheduling your free case evaluation, we can then continue the process of helping you file for bankruptcy. As your representation, we start 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 that 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 stop). During this time, your Warminster chapter 7 bankruptcy attorney may write Cease and Desist letters, enforced by the courts, to your creditors who are not cooperating.

What Can a Chapter 7 Bankruptcy Lawyer Do for You?

At McCullough Eisenberg, we understand that going through bankruptcy can be a frustrating and even frightening time. Just as you would not want to go into a lawsuit without an aggressive attorney to represent you, you do not want to go into bankruptcy court without a compassionate, caring, and attentive lawyer to guide you through the process.

After over 50 years of practice in helping people in Warminster, Pennsylvania in similar situations such as yours, McCullough Eisenberg has the knowledge and expertise necessary to walk you through this process.

Call today at (215) 392-6696 for a free case evaluation to see what your Warminster Chapter 7 bankruptcy attorney can do for you!

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