Harrisburg, PA Bankruptcy Lawyer
Do You Qualify for Bankruptcy in Central Pennsylvania?
If you’re struggling with an overwhelming amount of debt that seems insurmountable, bankruptcy may be a viable option. Filing for chapter 7 can discharge the debt and get you on the road to financial freedom and independence. While it may appear frightening to file for bankruptcy, it is a common and standard legal procedure that has helped millions of people in the U.S. get out from underneath a mountain of debt obligations.
Unfortunately, the process can be complicated. Rather than attempting to navigate the process on your own, our firm can help. The good news: our Harrisburg bankruptcy lawyer at Holt Law knows bankruptcy law and can get your case moving forward at once – so you can attain the benefits of an automatic stay. Once your bankruptcy is filed, creditors cannot contact you by any means, and any debt-related lawsuit or foreclosure is on hold.
Filing for Bankruptcy in Harrisburg
When filing for bankruptcy, it begins with a Means Test to determine which form of bankruptcy is right for you. The results of this test will direct to you to file either:
- Title 7 bankruptcy which involves discharging most (or all) of your debt and liquidating your existing assets, or
- Title 13 bankruptcy in which a court agrees to a significant debt reduction if you repay certain creditors through manageable installments over a three to five-year period.
Which type of bankruptcy determines the next steps you will take, but in any case, it involves coming up with an effective strategy to relieve your debts and restore your financial health. Once your bankruptcy proceedings are complete, you can get to work on restoring your credit.
Why You Need a Lawyer
A single mistake when filing for bankruptcy can have disastrous consequences, including loss of property or being unable to file chapter 7 for discharge of debt. Most people hire an attorney to help with the bankruptcy process to prevent mistakes ensure:
- You are prepared for each hearing, meeting, and interview you need to attend
- You don’t miss any deadlines or make legal errors in the paperwork
- Your rights are protected during the process, and creditors can’t incorrectly seize your property
- You take each step required to be fully eligible for bankruptcy