Debt relief and consolidation, bankruptcy protection, filing for bankruptcy in Chapter 7, Chapter 11 and Chapter 13, creditor harassment, foreclosures, garnishments, filing bankruptcy in Pennsylvania and New Jersey.
The office of Eugene J. Malady, LLC also provides bankruptcy work for secured and unsecured creditors.
A Chapter 7 bankruptcy provides a way for individuals or businesses to have a fresh start in life, and who do not have the financial means to repair their debt situation. This is a no-asset case and individuals keep most, if not all of their property, including homes, vehicles and retirement accounts. A Chapter 7 bankruptcy is used to discharge debts such as credit card bills, medical bills, personal loans, payday loans, utility bills and even some types of taxes.
A Chapter 13 bankruptcy exists for individuals who usually have fallen behind on their mortgage and allows the individual to enter into a payment plan in order to pay off the arrearages on their mortgage. If a modification has not worked out for you, a Chapter 13 bankruptcy is another option. It also exists for individuals who have too much equity in their residence. A Chapter 13 plan establishes a payment plan for individuals to pay back their creditors up to but not exceeding a period of sixty months. This payment amount is determined by income and other factors.
Come see our experienced bankruptcy attorneys for a free consultation to gather information about bankruptcy. We help you determine whether bankruptcy is the right option for you.