Chadds Ford bankruptcy lawyer Michael T. Malarick has helped members of the Chadds Ford Township community file for bankruptcy and start over financially. As a Chadds Ford Chapter 7 bankruptcy lawyer and a Chadds Ford Chapter 13 bankruptcy lawyer, Michael T. Malarick offers a free initial bankruptcy consultation to help you file correctly. If you are facing insurmountable debt, or have fallen on hard financial times, call our Chadds Ford bankruptcy attorney today for a free initial consultation. Call 610-816-6683.
Chadds Ford Bankruptcy Lawyer: Chapter 7 Bankruptcy
If you face insurmountable unsecured debt, you may get relief through Chapter 7 of the Bankruptcy Code. Unsecured debt is consumer debt. The Bankruptcy Code defines consumer debt as debt “incurred by an individual primarily for personal, family or household purposes.” Unsecured consumer debt is debt owed for credit cards, personal loans, medical bills, or past due utility bills. If you are facing unsecured debt issues such as credit card debt, personal loan debt, or medical debt, call our Chadds Ford Chapter 7 bankruptcy lawyer today for a free initial consultation. Call 610-816-6683.
Chadds Ford Bankruptcy Attorney: Chapter 13 Bankruptcy
If you face unpaid secured debt, you may get relief through Chapter 13 of the Bankruptcy Code. If your home is in foreclosure or your car is in danger of being repossessed, a Chapter 13 repayment plan may provide you time to bring the debt current. An individual with regular income may file for a Chapter 13 repayment plan. The Bankruptcy Code defines an individual with regular income as one “whose income is sufficiently stable and regular to enable such individual to make repayments under Chapter 13” – other than a stockbroker or commodity broker. If you are facing secured debt issues such as foreclosure on your house or repossession of your car, call our Chadds Ford Chapter 13 bankruptcy lawyer today for a free initial consultation. Call 610-816-6683.
WHO MAY BE A DEBTOR IN CHAPTER 7 OR CHAPTER 13
- Only a person who resides or owns property in the United States can be a debtor.
- For a Chapter 13 petition, only an individual with regular income can be a debtor.
- A married couple may file for bankruptcy either individually or jointly.
Chadds Ford Debt Lawyer: What Is The Credit Counseling Certificate
A Credit Counseling Certificate must be obtained before the Chapter 7 or Chapter 13 Bankruptcy petition can be filed. All individual debtors and each spouse in a joint petition must undergo Credit Counseling.
This Credit Counseling must occur 180 days before you file your petition. The counseling may take place in person, over the phone, or online. The pre-petition certificate will cost between $15 – $45.
Those with a mental or physical incapacity and those on active military duty in a combat zone are excused from this requirement. Otherwise, the Credit Counseling certificate must be filed with your initial Chapter 7 or 13 petition. Contact our Chadds Ford bankruptcy lawyer today for a free initial consultation.
Chadds Ford Debt Attorney: What Is The Debtor Education Certificate
The Debtor Education Certificate or the Financial Management Certificate provides instruction in personal financial management. While the pre-petition Credit Counseling Certificate focuses on your existing debt, the post-petition Debtors Education Certificate focuses on how to budget and manage your finances for the future.
- If you file a Chapter 7 Bankruptcy petition, you must obtain and file your Debtors Education Certificate within 60 days of your creditors meeting.
- If you file a Chapter 13 Bankruptcy petition, you must obtain and file your Debtors Education Certificate before you make your last plan payment.
- Those with a mental incapacity, a physical disability, or on active military duty in a war zone, are excused from this requirement.
This post-petition Debtors Education Certificate or Financial Management Certificate will cost between $25 to $50. Contact our Chadds Ford bankruptcy attorney today for a free initial consultation.
Contact Our Bankruptcy Lawyer For Chadds Ford, PA
If you live in Chadds Ford Township, PA or any other township in Pennsylvania, and have a question about a Chapter 13 or Chapter 7 bankruptcy petition or the Credit Counseling or Debtors Education Certificate, contact Michael T. Malarick, an experienced Chadds Ford Bankruptcy attorney. Call 610-816-6683 to speak with our Chadds Ford bankruptcy lawyer.
Other Areas of Practice
- Chester County Bankruptcy Lawyer Chapter 7 and Chapter 13
- Chester County Probate Lawyer
- Chester County Social Security Disability Lawyer
- Probate Lawyer in Delaware County, PA
- Social Security Disability Lawyer Upper Darby, PA
- Chapter 7 Bankruptcy Lawyer in Delaware County, PA
- Chapter 13 Bankruptcy Lawyer in Delaware County, PA