In today's economy, debt has become a necessary evil. However, this necessity can easily get out of control due to a variety of reasons. Divorce, injuries and other major life changes can leave an individual under a stack of mounting bills with seemingly nowhere to turn. Bankruptcy is a way out. An experienced lawyer can help you navigate the complex process so that you can begin to plan for a brighter financial future.
At Wells, Hoffman, Holloway & Medvesky, LLP, in Montgomery County, Pennsylvania, we give our clients the attention and service they need when pursuing the benefits of bankruptcy. No two clients are the same and our attorneys treat each individual accordingly. We will listen to your goals and concerns as we develop a plan that will help you obtain the outcome you deserve.
For individuals considering bankruptcy as a way to get out from under mounting debt and start fresh, both Chapter 7 and Chapter 13 are great options. Chapter 13 bankruptcy is for individuals who may not qualify for Chapter 7 due to their income level and for those who wish to develop a repayment plan while protecting secured debt like a home or a car.
Chapter 13 will release some but not all unsecured debt, like your medical bills, credit cards and other loans, while protecting other important assets like your car or home through a repayment plan. These plans can be tailored to your specific needs and typically last between three and five years. If you fully repay your scheduled debt in that time, you will have achieved a fresh start on your finances. By setting realistic expectations, we are able to prepare clients for a future that is financially bright and stable.
To schedule your initial consultation with our Chapter 13 bankruptcy attorney, email us or call 215-660-3170 (Souderton Office) or 610-323-7466 (Pottstown Office).