1. Bankruptcy may be the easiest and fastest way to deal with all types of debt problems. Bankruptcy is a process under federal law designed to help people and businesses get protection from their creditors. 2. Most bankruptcy cases are complicated. You should consider getting professional help. Bankruptcy is a legal proceeding with complicated rules and paperwork. You may want to get professional legal help, especially if you hope to use bankruptcy to prevent foreclosure or repossession. Dunne Law Offices, P.C. provides a free consultation to help you decide whether bankruptcy is the right choice. 3. Bankruptcy temporarily stops almost
Press Release Stephen M. Dunne, Esq., a partner in the Philadelphia law firm, Dunne Law Offices, P.C., has been recognized as an Outstanding Young Lawyer (OYL) by the Philadelphia Magazine. The OYL award is given to young lawyers, with ten or fewer years of experience, who have received recognition within the legal profession for their impressive record of professional achievement and ethical standards. Mr. Dunne’s consumer law practice focuses on stopping debt collection harassment, during and after Chapter 7 and Chapter 13 bankruptcy.
Chapter 7 Bankruptcy wipes out (“discharges”) your debts. Chapter 7 is the bankruptcy provision most frequently used by individuals. It involves the complete liquidation of a debtor’s property to pay creditors and wipes out the remaining debts, giving the debtor what’s known as a “fresh start”. The whole Chapter 7 bankruptcy process takes about three to four months, costs $299 in filing and administrative fees, and commonly requires only one trip to the courthouse. Are You Eligible for Chapter 7? Visit the following website to determine if you are eligible to file Chapter 7 Bankruptcy. http://www.legalconsumer.com/bankruptcy/nolo/ The bankruptcy law determines
Chapter 7 Reaffirmation Agreement Reaffirmation agreement is a contract entered into during a Chapter 7 bankruptcy case which stops the particular debt from being discharged. It creates an obligation to repay that debt after the bankruptcy case is completed. Typically, only secured debts are reaffirmed in order to allow the debtor to retain the collateral. Under the amendments to the Bankruptcy Code, secured creditors can treat the filing of the bankruptcy as a default and use that as a basis to repossess their collateral (such as an automobile) after the bankruptcy case is over, if applicable state law allows it.
The Dunne Law Offices offers customized bankruptcy solutions to businesses and individuals. We strive to deliver excellent service in a timely and cost-effective manner. Our goal is not merely to meet clients’ expectations, but to exceed them, by offering: Experienced & Sophisticated Attorneys: All our clients will be represented by highly skilled and dedicated attorneys who provide a level of sophistication and a value proposition that is unmatched. Industry Expertise: Our clients appreciate working with attorneys who understand the specific characteristics of their industries. Reasonable Rates: We are conscious about the cost of legal services. Our rates are competitive and