Helping People Find Relief From Debt
Debt problems can happen to anyone. Loss of a job, a family illness, divorce or a failed business venture can lead you into financial distress. If you find yourself overwhelmed by debt, consider bankruptcy as a way out. Some people feel ashamed to file bankruptcy. You shouldn't feel this way. The right to file for bankruptcy is a legal right that millions of people have exercised.
At Alfred Abel Law Offices, we help individuals and families throughout Philadelphia, Montgomery County and the surrounding areas of Pennsylvania find relief from debt. With 30 years of legal experience, our founding attorney knows how to use the bankruptcy laws to get you back above water and begin moving forward in life.
Understanding Your Bankruptcy Options
Bankruptcy can be the best way to eliminate all of your debt and get a fresh start. Our Pennsylvania law firm can help you at every stage of the process. We assist our clients in the filing of:
- Chapter 7 bankruptcy: Despite recent changes in the law, Chapter 7 is still the most common form of bankruptcy. If you qualify for Chapter 7 bankruptcy, you can get a "fresh start" by eliminating credit card debt, medical bills and other unsecured debts. You can keep your home, automobile and some of your personal property by using exemptions. Each case is different, and we will explain the process thoroughly before moving forward with the filing.
- Chapter 13 bankruptcy: Chapter 13 allows consumers to protect their homes, catch up on secured debt obligations and wipe out a portion of their debt over a three- to five- year period. Mortgage arrearages, credit card debt, medical bills, car loans and other unsecured debts can all be included in your repayment plan. At the end of the payment period, any remaining unsecured debt will be eliminated and you will be caught up on your secured obligations.
We understand that bankruptcy is powerful, but it may not be the best option for everyone. There are a number of alternatives to bankruptcy, including possible loan workouts, mortgage foreclosure defenses, or other options that may be a better fit for you. When you come to us, we will sit down with you, evaluate your situation and help you decide what direction would benefit you the most.
Contact a Jenkintown Bankruptcy Lawyer to Discuss Your Needs
If you are facing significant debt, do not give up hope. Our firm is ready to help you through personal bankruptcy. To arrange a consultation, call or contact our bankruptcy law firm online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Alfred M. Abel Law Offices
