Bankruptcy Attorneys in Media, Pennsylvania
Experience and Personal Attention ◊ Chapter 7 and Chapter 13
If you face an overwhelming amount of personal debt, whether because of the loss of a job, extensive medical bills, unmanageable credit card debt or escalating mortgage payments, you may have considered personal bankruptcy as a way to stop the threatening calls and letters and get a fresh start. You want to speak to an experienced bankruptcy lawyer, one who can help you understand your options, so that you can make an informed decision about your course of action. We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
At the law office of Black Stranick & Cella, P.C., we bring over 30 years of bankruptcy experience to individuals throughout the five county area in and around Philadelphia. We have a comprehensive understanding of the advantages and disadvantages of the different approaches to bankruptcy. We can help you determine whether you qualify and which type of filing is best for you. Contact our office or call us at 610-726-1557 to arrange a free initial consultation.
An Overview of Personal Bankruptcy
Under Chapter 7, also known as liquidation, you are allowed to fully discharge certain debts in exchange for the sale of non-exempt assets. The proceeds from the sale are distributed among your creditors. Under the new bankruptcy law, enacted in 2005, you must now submit to a means test to determine whether you qualify for protection under Chapter 7. If the court determines that you have the means to repay your creditors over a period of 3 to 5 years, you will be disqualified and may only seek bankruptcy protection under Chapter 13.
If you qualify to discharge your debts under Chapter 7, we will prepare and file all the documents to initiate the proceeding and will represent you in all hearings or proceedings with creditors, the trustee or the bankruptcy court. We will also make certain you understand which debts cannot be discharged in a Chapter 7 proceeding and which of your assets will be exempt from sale.
In a Chapter 13 bankruptcy proceeding, known as reorganization, you enter into agreements with your creditors to restructure and repay your debt over a 3 to 5 year period. Once you have fully repaid your obligations, the bankruptcy will be complete. We will act as your advocate in all dealings with creditors, the trustee and the court, making certain that any repayment agreements you enter into are within your means. If you fail to meet the terms of a repayment agreement, you may lose the protection of the bankruptcy laws.
To set up a free initial consultation, contact us or call us at 610-726-1557. Our office is open Monday through Friday, from 8:30 am until 5 pm, and evenings and weekends by appointment. We are located minutes off the Blue route, just one block from the Media courthouse.
Black Stranick & Cella, P.C.
327 W. Front Street
Media, PA 19063
Toll Free: 888-350-2315 | Telephone: 610-726-1557 | Fax: 610-566-4375