





Dedicated & Experienced Pennsylvania Bankruptcy Lawyer
If you are experiencing severe financial difficulties, bankruptcy might be a viable option to help you regain stability. Depending on your specific circumstances, you could file under Chapter 7 or Chapter 13. Chapter 7, often referred to as liquidation bankruptcy, involves selling off a debtor's assets to repay creditors as much as possible. To qualify for Chapter 7, you must pass a means test.
On the other hand, Chapter 13 is suitable for individuals who wish to keep some of their assets and have the income to repay some or all of their debts. This option entails developing a plan to reorganize your finances and repay your debts over three to five years. With over 40 years of experience, Pennsylvania bankruptcy attorney John M. Kenney can guide you in determining whether Chapter 7 or Chapter 13 is more appropriate for your situation. He can also help you explore alternatives to bankruptcy, such as loan modifications.
Call the office today for a free consultation - (215) 547-3031.
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