Understanding Chapter 7 Bankruptcy in PA

by | Jun 11, 2014 | Attorney

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In this enterprising U.S. society, the chance to make lots of money thrives on its capitalistic setup. Much money can be made, but much money can also be lost. Sometimes, depending on the way “the dice rolls” all the money is lost, and one must start over. Fortunately, there is a way out before one completely bottoms out. A person can file chapter 7 bankruptcy and get a clean break. There is a law firm that would like to assist you in this endeavor, but wants to make you aware of the debt relief laws in Pennsylvania.

There are two basic bankruptcies that can be filed: chapter 7 and chapter 13. If you are in Pennsylvania, you must complete a course on credit counseling. You must fill out the proper bankruptcy forms, and those forms must be filed in the correct Pennsylvania court. Although the bankruptcy process is primarily a federally operated process, there are still elements specific to the Commonwealth of Pennsylvania.

Chapter 7 bankruptcy is discharging all your debts, or at least most of them. Most of your debts are able to fall under the discharge category, and you are typically able to keep all of your personal property such as your SUV, your retirement accounts and household items. In some cases, you may even get to keep the home. The chapter 7 bankruptcy process is simple, short and takes about four months to discharge the debts from the time of the initial filing. To determine if you qualify for chapter 7, you will need to talk to a financial counselor or an attorney experienced with such.

Rapa Law Office P.C. is a firm experienced in handling debt relief cases such as chapter 7 and chapter 13. Located in Allentown, PA, the Rapa Law Office has been handling hundreds of chapter 7 cases since the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act. They are well equipped and well-experienced to handle yours as well.

They understand the complexities of the bankruptcy laws. If you are in need of assistance with chapter 7 bankruptcy, they are available.



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