Bankruptcy Attorney in Wellsboro, PA
Bankruptcy is a legal procedure used when a person is unable to repay their creditors. If you are having financial difficulties and are unable to pay your debts, seek professional assistance from a bankruptcy attorney. Bankruptcy attorneys will assist you in protecting yourself from creditors by securing your assets such as real estate and relieving you of all or some of your debt obligations.
The Law Office of Michael Alan Siddons is one of the best bankruptcy law firms in Wellsboro, PA, and can handle your bankruptcy case. Depending on your specific needs, the attorney will assist you in exploring various bankruptcy options.
Our Bankruptcy Legal Services in Wellsboro, PA
Chapter 7 Bankruptcy
Liquidation involves selling some or all of the debtor’s assets in order to repay creditors. This indicates that the debtor may lose everything and be forced to start over. It excludes properties that are necessary for someone’s life. They include jewelry, pensions, certain types of motor vehicles, necessary clothing, household appliances, and pensions.
We will help you file for bankruptcy relief under the bankruptcy code. We will file a petition under Chapter 11 and agree with your creditors to extend the payment period or reduce the payment amount.
Chapter 11 Bankruptcy
The debtor who is struggling financially is allowed to reorganize their finances in this chapter so that they can increase and repay their creditors. They have the right to continue operating their businesses and keep possession of their assets, unlike in Chapter 7, while they plan how to pay their creditors. We will assist you in doing whatever is necessary to improve your financial situation.
Chapter 12 Bankruptcy
This is also referred to as the wage earner’s plan. It enables debtors to plan how they will repay all of their debts. In this chapter, debtors may propose paying their debts in installments over three or five years. Three years will apply if the income is less than the applicable state median, and five years will apply if the income is greater than the applicable state median.
A bankruptcy lawyer from the law firm of Michael Alan Siddons will assist you in preparing a voluntary petition. Our attorney has the experience that aids in comprehending the process. The attorney will ensure that you are eligible for this type of bankruptcy under bankruptcy law.
Chapter 13 Bankruptcy
Those in Chapter 7 liquidation gain some advantages. Some of the benefits include the ability to halt foreclosure proceedings, reschedule secured debts, and act as a consolidation loan in which an individual makes payments to a Chapter 13 trustee. Debtors with unsecured and secured debts of less than $2,750,000 are eligible for this chapter.
The first step in this chapter is to file a bankruptcy petition. A schedule of executory contracts and unexpired leases; a statement of financial affairs; a schedule of current income and expenditures; and schedules of assets and liabilities should also be filed with the court. They should also keep a copy of the credit counseling repayment plan certificate and proof of employee payment. Siddons Law Firm will help you stop mortgage foreclosure through this chapter of bankruptcy by using personal or comprehensive business information.
$Low Money Down Chapter 7 Bankruptcy
We enable our clients to file for chapter 7 bankruptcy with low money down. This service is vital, especially because you won’t have to get into a deeper financial problem while still struggling with bills and debts.
Looking for Reliable Bankruptcy Lawyers in Wellsboro, PA? Work With Michael Alan Siddons Today!
To obtain the best bankruptcy legal services, contact us today at 610-255-7500 in Wellsboro, PA. Our bankruptcy attorney will assist you in developing a repayment plan and will advise you on the best bankruptcy chapter based on your debts and assets. We have experience with US Bankruptcy Court Chapters 7, 13, 11, and 12. The attorney will also assist you in negotiating a long-term solution with your creditors.
We have everything that you want in your search criteria when looking for a bankruptcy attorney; experience and knowledge to guide you through the decisions, procedures, and paperwork that mark a bankruptcy filing. We have helped individuals and the right local businesses to get out of debt or total financial collapse.
Our bankruptcy law firm in Wellsboro, PA, will keep your legal expenses low by arranging a flat-fee billing and offering a $low money down Chapter 7 bankruptcy filing service. Contact us today for quality bankruptcy legal services.