Archive | June, 2010

Can I sell my property before filling chapter 7 Bankruptcy in Pennsylvania?

Putting your property up for sale right away prior to filing a Chapter 7 bankruptcy is a very risky kind of strategy because as a rule, judges really assess the financial records and assets of bankruptcy applicants carefully before granting bankruptcy. And if the federal court suspects that you have manipulated or revised the process, [...]

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After how many years can you file bankruptcy again in Pennsylvania?

If you only pursue Chapter 13 bankruptcy, you can file a new case every couple of years. However, people who are only interested in Chapter 7 can file new cases every eight years. In the same way, if someone files a Chapter 7 case and then he discovers that he is more financially trouble, he [...]

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Are joint accounts required to be listed when filing for bankruptcy in Pennsylvania?

So you are planning to file for bankruptcy in the State of Pennsylvania? But before you actually do it, just take some time first to relax a little and try to contemplate if this is what you really need. Bankruptcy has serious benefits as well as serious implications. That’s why any decision involving the planning [...]

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In Pennsylvania, how does bankruptcy affect your credit rating?

How important is credit rating in getting around with your life? Basically, a credit rating is the measurement of your likelihood to pay back your debt. When you are utilizing your credit, you are acquiring a loan that you would commit to settle within a specified period of time. Usually, your credit rating will depend [...]

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Bankruptcy Trends in Pennsylvania

Since pre-Declaration days, the promise of independence has drawn people to Pennsylvania. Its development has been rapid and successful, due in large part to the interest and enthusiasm of Pennsylvania’s settlers. Pennsylvania is one of the leading manufacturing states in the United States of America. As a matter of fact, it ranks first in iron [...]

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