Bankruptcy & Foreclosure Defense in Havertown, PA

Havertown Bankruptcy & Foreclosure Defense


Like the rest of the country, Pennsylvania has seen its share of foreclosures. When they start reviewing bankruptcy attorneys, Delaware County residents first take the responsible step of learning about Pennsylvania bankruptcy law. But without the help of an experienced personal bankruptcy attorney, the details of the Chapter 7 and Chapter 13 bankruptcy codes can quickly become overwhelming.

Client-centered and knowledgeable personal bankruptcy attorneys understand how intimidating Chapter 13 and Chapter 7 bankruptcy codes can be.

Havertown bankruptcy attorney Michael S. Schwartz offers free initial consultations regarding personal bankruptcy and foreclosure defense, and has the hands-on experience necessary to provide comprehensive legal counsel on all debt relief matters.

What Are the Differences Between Chapter 13 and Chapter 7 Bankruptcy?

When educating yourself about Pennsylvania bankruptcy law, please keep in mind that no amount of research, no matter how thorough, can possibly replace a personalized consultation with a knowledgeable personal bankruptcy lawyer or foreclosure defense attorney.

The time you spend wading through Pennsylvania personal bankruptcy law could cost you money.

Filing deadlines, and the pace of bankruptcy and foreclosure proceedings, are not designed to accommodate the busy life of your average Pennsylvanian. A compassionate, proactive debt relief attorney is prepared to move quickly and decisively on the bankruptcy and foreclosure defense strategy appropriate to your personal circumstances.

The basic differences between Chapter 7 and Chapter 13 bankruptcy are, however, easy enough to understand.

In Chapter 7 bankruptcy, so long as you qualify, your unsecured debts will be discharged without having to pay any of the debt back. In Chapter 7, it is important to analyze your assets against the protections (exemptions) to ensure that assets are not liquidated. In Chapter 13 bankruptcy, a payment plan is established that forces creditors into a payment arrangement. The amount you repay is a function of mortgage arrears, assets, income and expenses. Upon its successful completion, your eligible remaining debts will be discharged. In both Chapter 13 and Chapter 7 bankruptcy, the courts will order an automatic stay preventing your creditors from taking any collection actions against you, including foreclosure.

Preventing Foreclosure Through Bankruptcy

An automatic stay grants you an opportunity to postpone foreclosure, and buys you invaluable time for working with your personal bankruptcy lawyer to develop an effective strategy for keeping your home. Keep in mind, however, that each situation is unique and personal bankruptcy attorney Michael S. Schwartz can tailor a plan that takes into account your specific needs.

Contact Us Today for a Free Initial Bankruptcy Or Foreclosure Consultation

To speak with speak with a personal bankruptcy attorney about preventing foreclosure through personal bankruptcy, contact the the Law Offices of Michael S. Schwartz at 215-259-3685.

Our Havertown office is ready to serve you.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.