Deep in Debt? Call a Bethlehem, PA Bankruptcy Attorney

Individuals who are carrying a lot of debt should consider filing bankruptcy and getting control of their financial situation. Credit card interest rates can be so high that it’s impossible to pay down debt. They can eat up the capital that people need to pay their mortgage and car payment. As soon as a person sees that paying their monthly bills is difficult they should contact a Bethlehem, PA bankruptcy attorney for help.

Most lawyers give a free consultation to determine if they can help a person. A debtor has nothing to lose by taking advantage of these appointments. They should bring a listing of all of their debts and income. Everything has to be included in a bankruptcy filing. Some debt can’t be dismissed. This includes student loans, tax liens and child support payments. However, a Bethlehem, PA bankruptcy attorney can also help them get these problems under control using other methods. It’s important to do this because a person can only declare bankruptcy every eight years. If their finances remain unstable they won’t have this tool to hep them.

Most people want to use Chapter 7 to declare bankruptcy. Federal law was changed several years ago to make that option harder. Only people who make less than the median income for their state are eligible. A Bethlehem, PA bankruptcy attorney will work with them to ensure that their home and car are protected in the process. In a Chapter 7 bankruptcy procedure, a court-appointed trustee sells off all of the debtor’s assets and gives the money to their creditors. The rest of the debt is forgiven. This procedure is usually completed in about six months. Even if the debtor still owes child support payments, this should make it easier for them to find the money.

A Chapter 13 bankruptcy takes much longer. A court-appointed trustee reviews a person’s living expenses and puts them on a very tight budget. Then all of the remaining money made my the debtor is used to pay off debts. This can last up to five years. At that point, the remaining debt is released. However, if the debtor fails to make the last payments, that debt won’t be forgiven. A Bethlehem, PA bankruptcy attorney will make sure that they debtor has enough money to live during this process.


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Leah Austin

Meet Leah Austin, the Swiss Army knife of writing, whose love for crafting captivating content knows no bounds. Armed with a magnifying glass for detail and a treasure trove of research skills, Leah has mastered the art of delivering articles and blogs that don't just inform, they enchant. Her journey into the realm of writing started with a curiosity so profound it could rival a cat's obsession with cardboard boxes. From the depths of technology to the peaks of finance, Leah fearlessly navigates diverse subjects, infusing each piece with a fresh perspective and a commitment to accuracy that's tighter than a squirrel guarding its nuts. Fueled by a voracious appetite for knowledge and a burning desire to share it with the world, Leah possesses a superpower: the ability to turn brain-busting concepts into prose so clear even your grandma could understand. Her dedication to quality and knack for spinning a yarn have made her a digital oracle, sought after for wisdom in a sea of clickbait. When she's not hammering away at her keyboard, Leah can be found communing with nature, whipping up culinary concoctions, or disappearing into the folds of a good book. With a lifelong love affair with learning and an unwavering commitment to excellence, Leah Austin continues to dazzle and enlighten through her writing antics.