Chapter 7 Bankruptcy Attorney in Warminster, PA
Regain Financial Freedom Through Chapter 7
At McCullough Eisenberg, we understand that filing for bankruptcy can be an intimidating and even frightening task. 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 more than 20 years of experience helping people in your situation throughout the Bucks and Montgomery counties, our bankruptcy attorney has the skills needed to walk you through every step of this process.
Is Filing for Chapter 7 Right for You?
Each bankruptcy case is unique, and it may be difficult to decide whether a chapter 7 or chapter 13 plan is best for you without an evaluation. However, reviewing the common advantages and disadvantages of a Chapter 7 bankruptcy is a great way to begin.
Some benefits of a Chapter 7 bankruptcy include:
- A “fresh start” discharge of many types of debt
- 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 sold by the trustee (exemptions are determined by Pennsylvania state and federal law, and the court will decide these for your specific case at the 341 hearing).
- Restriction from filing another Chapter 7 bankruptcy for 8 years
- Co-signers on a loan potentially acquiring your debt
- Only temporary stays on your house foreclosure
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 documents, such as:
- 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 related 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, we can 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 the first step toward regaining control of your finances. However, getting started and filing properly can be a complex and confusing process, especially for those not familiar with Pennsylvania bankruptcy laws. If you are in Bucks County, Montgomery County, or surrounding areas, and you think Chapter 7 bankruptcy can provide the debt relief you need, it is imperative to get in contact with our experienced attorney at McCullough Eisenberg, LLC. We can help you avoid common pitfalls and guide you toward your financial fresh start.
Over 20 Years of Legal Experience
Compassionate & Attentive
Creative Solutions Customized to Your Case
Dedication to Your Well-Being
Commitment to Making You Comfortable