Are you finding it hard to make ends meet? Are you unable to stay on top of your credit card payments, medical bills, mortgage installments, and other debts? Is the bank threatening to repossess your car or foreclose on your home?

If you answered yes to any of the above, you may be a good candidate for personal bankruptcy, and you’re in good company. Many residents throughout Willow Grove have lost their homes to foreclosure or are struggling to stay on top of their monthly debt payments. Filing for Chapter 13 or Chapter 7 bankruptcy can help you reboot your finances and get back on track toward your future financial goals.

With over 20 years of legal experience, Willow Grove bankruptcy lawyer Michael S. Schwartz has helped clients throughout Pennsylvania find much-needed relief from their debts and put a stop to foreclosure, repossession and other debt collection. At the Law Offices of Michael S. Schwartz, we offer flexible appointment schedules and free initial consultations, so it costs you nothing to speak to a knowledgeable Willow Grove bankruptcy attorney about your situation.

Putting an End to Creditor Harassment and Foreclosure

When you file for Chapter 7 or Chapter 13 bankruptcy in the State of Pennsylvania, the courts will issue an automatic stay. For as long as the automatic stay is in place, your creditors are barred from taking any further collection actions against you. This includes wage garnishment, collections calls, and foreclosure.

Once the automatic stay is in place, you and your bankruptcy lawyer have valuable time to develop a game plan for keeping your home and stopping creditor collection practices. Whether you file for Chapter 13 or Chapter 7 bankruptcy, you may very well find that it is much easier to stay on top of your mortgage payments now that your other debt payments have been reduced or eliminated altogether.

Bankruptcy and Your Credit Score

Many Willow Grove, PA residents mistakenly believe that filing for bankruptcy will ruin their credit scores forever. The good news is that while bankruptcy can show on your credit report for several years, you can immediately begin rebuilding your credit by faithfully making payments to creditors after bankruptcy. After you file for bankruptcy, it is recommended that you pursue new manageable debt. Each on-time payment you make to your creditors after bankruptcy will be noted by the credit bureaus, and your credit score will begin to rise. Many of our clients are surprised to find just how quickly they can once again qualify for auto loans and even mortgages.

Contact Us Today for a Free Consultation

Don’t spend another sleepless night worrying about how you are going to make all of your debt payments. Call The Law Offices of Michael S. Schwartz at 215-259-3685 today, and let us know how we can help!