Bryan P. Keenan & Associates, PC
Free Initial Consultation
866-753-6857
| 412-923-4941
Email Us | Map & Directions
Are You Drowning In Debt?
Don’t wait until it’s too late. declare bankruptcy now!
Main Menu VIEW BANKRUPTCY TOPICS

November 2015 Archives

What Pennsylvania’s statute of limitations means for you

Creditors try to avoid going to court to collect their debts. They usually prefer to work out payment plans with debtors because the litigation process can be costly and time-consuming. It is possible, however, to be sued for a debt. This is especially true if you missed multiple payments or failed to communicate with the creditor. If you have been sued for a debt, you should know that you still have options. You may even have a defense to the claim. One defense is that the creditor did not file the lawsuit within the statute of limitations. 

Don’t live in fear of your financial challenges

Life can throw an unexpected and unwelcome turn of events at you at any time. You might arrive at the office one morning to discover that you have been laid off. Perhaps you are crossing the street when a careless driver hits you in the crosswalk, forcing you to spend time in the hospital and in physical rehabilitation after that.

How does discharge in bankruptcy work?

The ultimate goal of a personal bankruptcy is to see that debts subject to the bankruptcy petition are discharged, meaning that creditors can no longer pursue the debtor for payment. The process of getting debts discharged varies depending on the type of bankruptcy involved. Chapter 7 discharges usually takes place shortly after the expiration of deadlines for creditors to challenge it; this usually takes place about four months after the filing of the petition for bankruptcy. Chapter 13 discharges, on the other hand, typically take longer because of the duration of the payment plan, which can take three to five years to complete. The court ordinarily grants the discharge shortly after the debtor makes all of the payments provided for under the payment plan.

What are some of the Pennsylvania bankruptcy exemptions?

In a Chapter 7 bankruptcy, not all property is subject to liquidation in order to pay creditors. Both federal bankruptcy law and Pennsylvania law provide for exemptions for various kinds of property, but before you can use them to best advantage you need to understand not only what they are but how they can be applied.

New law may end protections for consumers without bankruptcy stay

What cellphones have done for the rest of us have made them the bane of the existence of the debt collection industry. Under the Telephone Consumer Protection Act of 1991, automated calls, or “robocalls,” made for collection purposes to cellphones were prohibited. But that inconvenience may soon be cured for debt collectors.

What constitutes debt collector harassment?

When you find yourself in a dire financial situation, one of the most stressful daily occurrences is the phone calls from collectors. The phone ringing is a reminder that you have fallen into an abyss of debts. This could be due to an injury that put you out of work for an extended period, or a special circumstance that took every penny that you had out of savings. Whatever the reason may be, you, as well as many others in the state of Pennsylvania file bankruptcy each year with the hope of starting anew.

Back To Top