Philadelphia Bankruptcy Attorney

Are you considering filing for bankruptcy in Philadelphia?

The Truth Behind Bankruptcy

Creditors and lenders do not want you to know about your options when it comes to bankruptcy. They will try and squeeze every penny possible out of you until you can’t take it anymore.

So what is the truth behind bankruptcy? Bankruptcy is an option designed to eliminate your debt.

Every year thousands upon thousands of Americans file for some sort of bankruptcy.

Chapter 7 bankruptcy and Chapter 13 bankruptcy can be a beneficial option for people who have an overwhelming amount of debt piled up.

The idea behind a Chapter 7 bankruptcy is that you eliminate unsecured debt (such as credit card debt, medical and utility bills). After you receive a Chapter 7 debt discharge, you will no longer owe that debt, ever.

The Chapter 13 bankruptcy code is designed to give individuals a longer duration of time to pay back their debts
(usually free of interest and/or at much, much lower rates). Chapter 13 will also stop the process of foreclosure on your home and any other repossessions.

Do these options sound like something that could benefit you? Visit our contact page to get in contact with a Philadelphia bankruptcy attorney who can help.

If you are facing financial difficulties and want to explore your options you have come to the right place. Michael A. Cohen is a qualified, knowledgeable and experienced Philadelphia Bankruptcy Attorney helping clients throughout the Philadelphia area. Don’t take chances with your financial future, contact Michael A. Cohen today.

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