Bankruptcy In Pennsylvania

The Bankruptcy Code exemption for a car or automobile is $3,225. This comes under the federal exemption list, not on the Pennsylvania state exemption list. Nonetheless, it is available to you. Your car’s equity is based on its market value, subtracted of the loans on it. If the equity is more than $3,225, it’s possible [...]

The courts must charge a $245 case filing fee, a $39 miscellaneous administrative fee, and a $15 trustee surcharge. Normally, the fees must be paid to the clerk of the court upon filing. With the court’s permission, however, individual debtors may pay in instalments. 28 U.S.C. § 1930(a); Fed. R. Bankr. P. 1006(b); Bankruptcy Court [...]

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/