Affordable Pittsburgh Bankruptcy Lawyer
Dealing with the problems like default payment, overdue bills, missed mortgage payments, harassing calls, etc., is not easy. If you are in a financially tight spot where these things have become a part of your life, then you need to start considering filing for bankruptcy. Even though there are many negative ideas that you might have regarding the bankruptcy process, you will be amazed to know that it can offer you some really unexpected benefits. Connect with our Pittsburgh bankruptcy lawyer today to enjoy those benefits.Why You should Hire a Lawyer?
The bankruptcy procedure is formidable. During the initial consultation, the lawyer will first educate you about the process and help you deal with the anxiety of the process. When you are coming for a consultation from our Pittsburgh bankruptcy lawyer, we will ask you some questions that will give us a clear picture about your financial situation, why bankruptcy is the ideal solution for you and your financial goals from it. Our object is to help you understand the bankruptcy process clearly while getting to know the benefits of each chapter of bankruptcy.Chapter 7 Bankruptcy in Pittsburgh
Filing for chapter 7 bankruptcy will be the ideal solution for you if you don’t have any regular income, no substantial assets and mostly unsecured debts including credit card bills or medical bills. This is a short process that allows the debtor to eliminate most of your debts.
Chapter 7 bankruptcy is popularly known as liquidation bankruptcy where the court-appointed trustee will liquidate most of the assets to pay off the debt. Even though this sounds dangerous, you can still save most of your properties and assets.
When you are filing for Chapter 7 bankruptcy, you will get a chance to opt for state and federal exemptions. These exemptions are designed to protect your assets and properties. While the state exemptions offer protection on your income, the federal exemption can save your house and car. The majority of chapter 7 bankruptcy cases become no asset case where our Pittsburgh bankruptcy lawyer successfully help the debtor save the assets and wipe off the debts.Chapter 13 Bankruptcy in Pittsburgh
If you have more disposable income and you are aiming to pay certain kinds of debts including mortgage arrears and back taxes, then chapter 13 bankruptcy will be your ideal solution. The heart of this bankruptcy filing is the court-approved repayment plan that will help you restructure your debt payments. The calculation of the monthly disposable income will be used for creating the plan that will help you catch up with the debts. Often the calculation doesn’t require you to pay the unsecured debts. This way you can get a time window to restructure your debt situation.
At Pittsburgh Bankruptcy Law Group, we have handled plenty of cases for both chapter 7 and chapter 13 bankruptcy filing. Our Pittsburgh bankruptcy lawyer is experienced enough to help you with these cases. Also, keeping in mind your current financial situation, we ensure not to make you more financially burdened. Hence, we offer a much affordable rate. Come to us for a free consultation.
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