Consumer Bankruptcy Lawyers in Monroeville, Pennsylvania

Find the right Consumer Bankruptcy attorney in Monroeville, PA

Bankruptcy is a legal process allowing an individual or business to have some or all of their debt discharged. 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 eventually decide that they are outweighed by the benefits. Bankruptcy is controlled by federal law, and proceeds in federal courts. So, the process for filing for bankruptcy in Pennsylvania will be very similar to the process everywhere 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 lawyer in Monroeville, Pennsylvania before filing.

Chapter 7 Bankruptcy in Monroeville, Pennsylvania

There are 2 main forms of consumer bankruptcies in Monroeville, Pennsylvania: Chapter 7 and Chapter 13 bankruptcy. Chapter 7 states that a certain percentage of the debtor's property be liquidated to pay off at least a small part of their debt. However, many forms of property are exempt, and do not need to be liquidated, such as cars, homes, insurance policies, and retirement accounts.

Once the non-exempt property is sold, the rest of the dischargeable debt is cleared. Some forms of debt, however, is non-dischargeable, including student loans, criminal fines, and others. If most of your debt in Monroeville, Pennsylvania is not dischargeable, Chapter 7 may not be the best option.

Chapter 13 Bankruptcy in Monroeville, Pennsylvania

Chapter 13 Bankruptcy in Monroeville, Pennsylvania differs significantly from Chapter 7. It might be a better option than Chapter 7, depending on the facts of your case. Chapter 13 does not discharge debt, but restructures it instead. Usually, various debts are consolidated into a single monthly payment. This is designed to make the debt more manageable, giving the debtor the chance to pay off the debt over a longer period of time, without all of it coming due at once. This is usually manageable, as long as the debtor can make some sacrifices.

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

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

Of course, you should always seek the counsel of an accomplished local Monroeville, Pennsylvania bankruptcy attorney before you make the decision to file. He or she will be able to advise you of your options, and suggest the best possible course of action for your particular situation.

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Life in Monroeville

Monroeville, Pennsylvania is a city Allegheny County. Its population is about 24,000 people as of the 2000 Census.

Monroeville is a suburb of Pittsburgh, and is a thriving mix of commercial and residential development.

Monroeville, Pennsylvania was first settled in the mid 1700s. The borough of Monroeville was officially incorporated in 1951. As a suburb of Pittsburgh, Monroeville offers much of the charm and quiet that one would expect from a small town, with easy access to the excitement, entertainment, and job opportunities that only a big city can offer. It is a popular place to live for people who work in or near Pittsburgh, but don't want to live in the city. Pittsburgh is home to several Fortune 500 companies in the technology, healthcare, and food production businesses. This means that residents of Monroeville, Pennsylvania have many different job opportunities in the surrounding areas, regardless of their profession.

If you live in Monroeville, Pennsylvania, and are in need of legal services, it's very likely that you'll be able to find one who can help. Monroeville, Pennsylvania lawyers are professional and competent, and should be able to help you with almost any legal problem.

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