Is your daily mail delivery nothing but late payment and collection notices?  Do you avoid answering the phone, or go to sleep worrying you’ll awake to your car having been repossessed in the middle of the night? If your financial situation is feeling more and more like a nightmare from which you can’t wake up, then it’s time to contact a bankruptcy law firm in Philadelphia.

Bankruptcy provides a lifeline for hundreds of thousands of Americans every year, and it may be the right answer for you as well. If you’ve fallen so far behind on your bills that you see no way to catch up, a bankruptcy filing will legally eliminate or restructure your debt, giving you the opportunity to get a fresh financial start.

Filing for bankruptcy is not a magic wand that erases all of your debt. Bankruptcy does not eliminate your obligation to pay child support or student loans, spousal support or tax debt. What it will do is stop the collection notices and debt collector calls. You’ll no longer have to fear repossession, and you’ll have the chance to stabilize your finances.

Individuals or business owners considering a bankruptcy filing have different options available to them. Personal bankruptcy lets you choose between filing for Chapter 7 or Chapter 13 bankruptcy, with Chapter 7 discharging all your unsecured debt and Chapter 13 consolidating your debt and restructuring it into a single, manageable payment. If you’re a business owner, filing for bankruptcy can mean eliminating debt and closing down entirely, or you have the option of filing for Chapter 11, which allows you to reorganize your debt and pay it off while you continue operating.

Filing for bankruptcy will have a long-term impact on many aspects of your life, so it’s important that you make your decision with the benefit of as much information as possible. Our bankruptcy law firm is knowledgeable, experienced, and compassionate. We understand that bankruptcy is a significant move, so we take as much time as you need to listen, to answer all of your questions, and to provide you with the legal guidance and advice that you need to make the best choice for now, as well as for your future. If you need to speak with a bankruptcy attorney, call our Philadelphia bankruptcy law firm today to set up an appointment.