Filing for Bankruptcy can Immediately Relieve Creditor Collections
Among the many benefits that come with filing for bankruptcy is stopping creditor collections. Once you file your Chapter 7 or Chapter 13 bankruptcy petition a special court injunction—known as the...
View ArticlePreserving your Property in Bankruptcy through Redemption and Reaffirmation
Bankruptcy offers a sound solution to people who want to get rid of an overwhelming amount of debt. When you file for bankruptcy relief, your debts are divided into two categories: secured and...
View ArticleHow are Taxes Treated when You File for bankruptcy?
Many individuals accumulate income tax debt and find that it is difficult to pay off the balance that is owed. Nothing is more uncomfortable than owing the IRS money. Thankfully, some taxes can be...
View ArticleThings to Consider Before Filing Bankruptcy
Thousands of people file bankruptcy in Pennsylvania for various reasons. Some file to save their home in the face of foreclosure. Others may file because they lost their jobs and the debts just keep...
View ArticlePittsburgh Area Bankruptcies Drop in Second Quarter
According to the Administrative Office of the U.S. Courts, Pittsburgh has experienced a decrease in the number of bankruptcy filings by local businesses this year. The Pittsburgh Business Times reports...
View ArticleFord City Borough Considers Bankruptcy
At Ford City’s council meeting this month, local residents and council members voiced their concerns about the borough’s economic future, which doesn’t appear promising. The borough has been struggling...
View ArticleBankruptcy May Help Save Historic Pennsylvania Amusement Park
Pennsylvania’s historic Conneaut Lake Park has been authorized for a sheriff’s sale due to its significant debt in back taxes. But the park may still be able to save itself by filing for bankruptcy....
View ArticleReport: One-Third of Americans Struggle with Debt
The stigma of debt prevents most people from admitting their financial troubles. But according to a new study by the Urban Institute, more than one-third of Americans currently have debts in...
View ArticleWhat Happens to Student Loans in a Personal Bankruptcy?
Students often take out loans feeling certain that they’ll get a job that enables them to repay in full right after graduating. But new graduates are encountering difficulty finding a good job. When...
View ArticleMaking the Decision to File for Bankruptcy Protection in Pennsylvania
Filing for bankruptcy can be a viable way of eliminating your overwhelming debt and starting over financially, but before you choose to, consider the following factors. This will help you decide...
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