Our Practice Areas
Pennsylvania and Delaware Solo Bankruptcy Lawyer
Personal and Commercial Bankruptcy Law
What is Bankruptcy?
Bankruptcy is the relief granted by law to debtors – individuals and businesses alike – when their assets exceed their liabilities or otherwise, have difficulty in paying creditors when due.
There are many types of bankruptcy proceedings, each having their own purposes, advantages and limitations. Of these types, the following are the most common, and our bankruptcy attorneys can assist you with any of these.
Chapter 7 Bankruptcy: LiquidationChapter 11 Bankruptcy: Reorganization
Chapter 13 Bankruptcy: Individual Debt Adjustment
Is Bankruptcy Right for You?
Deciding whether bankruptcy is the best choice for your personal situation, is not an easy decision to make. Individuals seek bankruptcy relief for a number of reasons.
• Are you receiving threatening notices from your creditors?
• Are you on the verge of foreclosure?
• Have you lost a job, experienced a divorce or any other financial setback recently?
• Have you fallen behind on your mortgage payments?
If you can answer yes to one or more of the questions above, you may want to consider your bankruptcy relief options. Contact Real World Law today to schedule a time to speak with an experienced bankruptcy attorney.
Filing for bankruptcy may yield either valuable or damaging results. The key to success in such a case is to choose the best type of bankruptcy for your situation. A mistake in choosing the remedy to follow may lead to aggravating results like irreparable bad credit standing, more or increased debts and loss of valuable assets.
Read more:
Pennsylvania Bankruptcy Exemptions
Am I Eligible to File Chapter 7 Bankruptcy?