There many myths and misconceptions about what bankruptcy entails. A good bankruptcy lawyer in Wyoming, PA, can answer all your questions, allowing you to choose your needs’ best options.
Is Filing for Bankruptcy Right For Me?
Everyone should ask a bankruptcy attorney if bankruptcy is actually the ideal solution for your situation. There are many pros and cons to filing for bankruptcy—it can provide much-needed debt relief, but it may also temporarily damage your credit score.
There is also a host of alternatives—debt settlement, asset liquidation, credit counseling—that may be preferable, given your circumstances. JPP Law can help you figure out what kind of aid will be best for you.
What Type of Bankruptcy Is Best?
Once you’ve decided to file for bankruptcy, there’s still the critical matter of figuring out which type of bankruptcy is right for you. There are many kinds of bankruptcy, each one designed to help people in different financial situations. Some, such as Chapter 11 and Chapter 12 bankruptcy, are available only to businesses. As an individual, you may have access to either Chapter 7 bankruptcy—wherein you sell off non-exempt assets to repay creditors—or Chapter 13 bankruptcy—in which you reorganize your debts to create an easily manageable payment plan.
What Information Do I Need to Provide?
While a bankruptcy lawyer in Wyoming, PA, will do a lot of the heavy lifting for you—filing your paperwork, representing you in court, etc.—there are still some things only you can provide. Mostly, that means information: tax returns, paycheck stubs, bank statements, and more. The exact requirements will change based on your financial history details, but asking your attorney what is needed from you early on will help you get a head start gathering the necessary documents.
How Much Do Your Services Cost?
At JPP Law, we understand that when you’re seeking a bankruptcy attorney in Wyoming, PA, affordability is a major concern. We will be happy to sit down with you to discuss our fees with full transparency. We strive to make our services available to whoever needs them, and we are willing to work with you regardless of your financial situation. A bankruptcy lawyer may seem like one more expense you don’t need, but it can save you money in the long run.