Bankruptcy In Pennsylvania

A typical Chapter 7 proceeding lasts approximately 4-5 months from the date of filing to the date of discharge. Source: http://www.johnsonlawpa.com/2009/09/25/what%E2%80%99s-better-for-my-credit-chapter-7-or-chapter-13/

Yes. Tax refund is an asset that is part of the bankruptcy estate. This means that the Chapter 7 trustee can go after the amount, regardless of whether you have filed your return or not. In fact, a state income tax refund is one of the more common assets that are taken away from you [...]

Yes. Chapter 7 is legitimate way to delay foreclosure in your advantage and protect your equity. The delay it will give you is usually 2 to 4 months, with the added help of discharging most of your unsecured debts in the process. Sources: http://www.wtslawgroup.com/CM/FAQs/Mortgage-Foreclosure-FAQ.asp http://dunnelawoffices.blogspot.com/

In a Chapter 7 liquidation, payday loans are considered unsecured debt, therefore it will be eliminated. In other words, you are released from the obligation to pay it. Sources: http://www.avvo.com/legal-answers/il-state-law-regarding-payday-loans-and-debt-colle-9742.html http://www.chapter7.com/what-is-chapter-7-bankruptcy/ http://www.tampabankruptcy.pro/chapter7.html

A filing under Chapter 7 stays on a credit report up to 10 years from the date of filing. There is nothing much that you can do to remove the bankruptcy information before those time periods expire; neither can you speed up the process. However, in a Chapter 7 case, it is possible to only [...]