Consumer Bankruptcy Lawyers in Harrisburg, Pennsylvania

Find the right Consumer Bankruptcy attorney in Harrisburg, PA

Bankruptcy is a legal process allowing an individual or business to have some or all of their debt excused. It is almost always considered as a last resort because it can have some negative long-term consequences which must be considered, even if you ultimately decide that they are outweighed by the benefits. Bankruptcy is governed by federal law, and proceeds in federal courts. So, the procedure for filing for bankruptcy in Pennsylvania will be very similar to the procedure anywhere else in the U.S. However, individual bankruptcy courts have different rules for exemptions, so it might be a good idea to consult with a local attorney in Harrisburg, Pennsylvania before filing.

Chapter 7 Bankruptcy in Harrisburg, Pennsylvania

There are 2 typical types of consumer bankruptcies in Harrisburg, Pennsylvania: Chapter 7 and Chapter 13 bankruptcy. Chapter 7 liquidates some of the debtor's assets. It requires a certain percentage of the debtor's assets to be sold off to pay as much of his or her debt as possible. However, many types of property that most people own are exempt, meaning that they don't need to be sold. This often includes houses, vehicles, insurance policies, and necessary personal items, like clothing. These assets are not available to creditors.

Once the appropriate property is sold, and the funds transferred to the creditors, the dischargeable debt is absolved. Some types of debt, however, can't be excused in Chapter 7 Bankruptcy in Harrisburg, Pennsylvania. These include student loans, criminal fines, and taxes, among others. If most of your debt can't be excused, Chapter 7 might not be the best choice for you.

Chapter 13 Bankruptcy in Harrisburg, Pennsylvania

Chapter 13 bankruptcy in Harrisburg, Pennsylvania is markedly different. It may or may not be a better option than Chapter 7, depending on the facts of your specific case. Chapter 13 bankruptcy does not absolve debt, it restructures it. This involves a court coming up with a adjusted repayment plan designed to be manageable for the debtor. This new plan sets aside the terms of the original arrangements that created the debt in the first place. This creates a new payment structure, typically involving a single monthly payment, that the debtor should find manageable.

Which Type of Consumer Bankruptcy Should I File in Harrisburg, Pennsylvania

Whether Chapter 7 or Chapter 13 is the right choice for you depends heavily on your distinct situation. If you have a steady income stream, and a lot of non-exempt property, Chapter 13 might be right for you. If you don't have a steady income, and most of your property is exempt, Chapter 7 might be a better way to go.

In any case, it would be a good idea to consult a local bankruptcy attorney in Harrisburg, Pennsylvania. Your attorney can make an educated judgment as to what your best option is, and advise you accordingly (of course, the choice to file for bankruptcy is ultimately yours).

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Life in Harrisburg

Harrisburg is located in Dauphin County, Pennsylvania. It has a population of over 49,000 people. The primary industries that drive the city's economy are steel and agriculture. Interestingly, in 2010 Forbes Magazine ranked Harrisburg as the second best place in the United States to raise a family! Another interesting fact is that the popular chocolate company Hershey's has its headquarters located about ten miles outside of Harrisburg.

Being ranked as the second best place to raise a family illustrates that Harrisburg is a great city with a community-like spirit. The city is filled with hard-working families. Amongst these families are many attorneys, who practice in various areas of law. These attorneys focus on providing their clients with personalized legal services. Further, these attorneys focus on being affordable. The median income for a household in Harrisburg ranges between ,000-,000. Therefore, affordable legal service is a great thing!

Overall, Harrisburg is a wonderful place to settle down and raise a family. The atmosphere emphasizes a strong community that has a competent legal force.

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