Stopping a Philadelphia Sheriff Sale on February 4, 2020

Stopping a Philadelphia Sheriff Sale on February 4, 2020 – T minus 15 minutes.  #sheriff #sale #philadelphia

Your Fresh Start Begins Today Just Like Walt Disney

Walt Disney is one of the most well known brands in the world. Walt launched his first company in 1920 – Laugh-O-Gram Studio, creating short advertising films and cartoons that seemed poised for success. Disney even had a deal with a New York distribution company to get his films into theaters and in 1922 things went terribly wrong.  The distributor began to cheat Disney out of his money causing the new filmmaker to fall short on the funding needed to cover his finances. Faced with mounting debts and no money to pay his bills, Walt Disney filed bankruptcy in 1923. 

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Chapter 7 (Fresh Start Bankruptcy)

In a bankruptcy case under chapter 7, you file a petition asking the court to discharge your debts. The basic idea in a chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property, except for “exempt” property which the law allows you to keep.   In most cases, all of your property will be exempt. But property which is not exempt is sold, with the money distributed to creditors. If you want to keep property like a home or a car and are behind on the mortgage or car loan payments, a chapter 

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Will I Have To Go To Court?

In most bankruptcy cases, you only have to go to a proceeding called the “meeting of creditors” to meet with the bankruptcy trustee and any creditor who chooses to come. Most of the time, this meeting will be a short and simple procedure where you are asked a few questions about your bankruptcy forms and your financial situation. Occasionally, if complications arise, or if you choose to dispute a debt, you may have to appear before a judge at a hearing. If you need to go to court, you will receive notice of the court date and time from the 

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What Is Bankruptcy?

Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court. Filing bankruptcy immediately stops all of your creditors from seeking to collect debts from you, at least until your debts are sorted out according to the law. Call me for a free consultation at (215) 551 7109. Please visit our website for more information at www.thephiladelphiabankruptcyattorney.com.

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