Filing for bankruptcy can be confusing and overwhelming, but in the end, it provides debt relief and enables you to enjoy life again. When filing for bankruptcy in Pennsylvania, you need an experienced bankruptcy attorney on your side.
Attorney Tina Fryling focuses her efforts on bankruptcy law, specifically helping clients with Chapter 7 and Chapter 13 bankruptcy. She has protected hundreds of people from losing their homes, cars, and personal property. If you need a local Erie bankruptcy attorney, look no further than the law offices of Attorney Tina Fryling. We know you will walk out feeling better than when you walked in.
There are two common types of individual bankruptcy filings in Pennsylvania: Chapter 7 and Chapter 13. Attorney Tina Fryling will meet with you to discuss your financial status to determine which individual bankruptcy option might be best for you. Attorney Fryling can provide assistance in a variety of other financial and bankruptcy law areas including foreclosure prevention, loan modification, avoiding wage garnishment or repossession, and stopping creditor harassment and lawsuits.
Chapter 7 is the most common type of bankruptcy. Typically, it involves discharging (eliminating) most general, unsecured creditors including credit cards, personal loans, auto deficiency balances, medical bills, and certain taxes. Generally speaking, if your monthly income is less than your monthly expenses, you may be able to file for Chapter 7 bankruptcy.
Under Chapter 13 bankruptcy, the trustee develops a repayment plan that allows clients to combine their debts and repay all or part of them, allowing them to save their home and cars while protecting clients from creditor harassment and liquidation. Chapter 13 is a solution for individuals with a regular source of income to help reorganize debts.
Contact Attorney Tina Fryling to schedule your free bankruptcy consultation appointment in Erie, PA and find out what bankruptcy solution is best for you and your family.
A few signs that you should consider bankruptcy including falling behind on home or auto payments, making minimum credit card payments, using one card to pay for another, purchasing necessities with credit cards, having little to no savings, lack of health insurance or other necessary insurance coverages, or financial stress is starting to affect your health.
In most cases, Chapter 7 bankruptcies can be completed in as few as five months. Chapter 13 payment reorganization plans usually last three to five years.
You may be able to file a Chapter 13 payment reorganization plan at any time. A Chapter 7 bankruptcy can be filed again eight years after a previous Chapter 7 bankruptcy was discharged.
If you’re considering bankruptcy, it’s likely that your credit rating is already damaged. While a bankruptcy usually stays on your credit report for ten years, with a fresh financial start you can begin to repair and rebuild your credit rating immediately. Many people obtain credit quickly and my clients have even obtained mortgages within a few years after their bankruptcy has been discharged.
It may be possible to save your home from foreclosure by filing a Chapter 13 bankruptcy. While each case is unique, generally speaking, you will not lose your home if your Chapter 13 provides for payment of the current monthly mortgage payments and payments of the arrears spread over the life of the plan.
When you have overwhelming debt, you are at great risk for lawsuits from your creditors, seizure of your car, or loss of your home. Debt consolidation services cannot defend you against litigation, only a qualified debt relief attorney can help you confront these serious matters.
You can file for bankruptcy as an individual without having any impact on your spouse. However, if both of your names are on the debt and only one of you files for bankruptcy protection then the other spouse will still be responsible for the debt if they do not file.