Going through financial difficulty can be a trying time in your life. When the difficulties are so great that you have to consider bankruptcy, begin to look for attorneys who will be able to help you navigate through the tough period. There is a Bankruptcy Attorney in York PA who will assist and advise you on whether or not you actually need to go through bankruptcy.
Dealing with a bankruptcy in the Commonwealth of Pennsylvania is pretty similar to how it is dealt with in other states or Commonwealths. What has to be determined is whether or not you will file Chapter 7 or Chapter 13. Chapter 7, called straight bankruptcy, is filed to petition the court for a discharge of your debts. The idea is to wipe out all your debts in exchange for all of your property, except for your property which is exempt, of course. The property which is not exempt is sold and distributed among your creditors. If you own a house and/or a car, and are behind on payments, Chapter 7 is probably not the right choice for you. This is because the creditor or holder of your mortgage still has the right to collect on the debt, even to the taking of your property to satisfy the debt.
The Chapter 13 bankruptcy is when you will file a plan that shows how you will pay off some of the past due debts and your current debts in a three to five year period. The good thing about this kind of bankruptcy is that you will be able to keep your property that you would otherwise lose, as long as you can make the payments set by the court. In any case, the Parker Law Firm P.C. has been helping clients come to terms with how to handle their financial problems, or how to get debt relief. Their experienced attorneys will explain to you the bankruptcy options available to you. Your bankruptcy woes are not the end of the world. If you would like for a Bankruptcy Attorney in York PA to help you with your debt reorganization plan, visit their law firm or their website, Domain.