Comprehensive Chapter 13 Bankruptcy Assistance in Pennsylvania

Managing overwhelming debt can be daunting, but Chapter 13 bankruptcy offers a structured path to restructure and repay debts. At The Law Offices of Everett Cook, P.C., we provide experienced guidance to individuals in Allentown, PA, Philadelphia, PA, and surrounding areas of Pennsylvania seeking relief through Chapter 13 bankruptcy.

610-351-3566

What is Chapter 13 Bankruptcy:

Unlike Chapter 7, which focuses on discharging debts, Chapter 13 aims to restructure debt, making it more manageable for repayment. Working closely with your bankruptcy attorney, you'll negotiate with creditors and devise a repayment plan spanning three to five years.

Benefits of Chapter 13:

Chapter 13 offers several advantages, including:

  • Easier qualification compared to Chapter 7, without the need to pass a means test.
  • Enhanced chances of retaining assets like your home or vehicle by becoming current on mortgage and loan payments.
  • A shorter credit report impact of seven years compared to ten years for Chapter 7.
  • Ability to address non-dischargeable debts such as student loans through structured repayment plans

Immediate Relief With Automatic Stay:

Upon filing for Chapter 13 or Chapter 7, an automatic stay is issued by the court, halting all collection activities and communications from creditors. This provides immediate relief from creditor harassment and allows debtors the opportunity to assess their financial situation and develop a long-term solution.

Consult With a Skilled Attorney:

The Law Offices of Everett Cook, P.C. serves clients in Bethlehem, Easton, Philadelphia, and surrounding areas. Schedule an initial consultation with Attorney Everett Cook today to explore your options for a brighter financial future. Call 610-351-3566 or submit an online contact form.

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