Bryan P. Keenan & Associates, P.C.
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Bryan P. Keenan

Debt relief is possible through a Pennsylvania bankruptcy filing

No matter how hard a person works to eliminate debt and remain debt-free, life has a way of throwing financial curveballs. If people end up with large amounts of debt as a result of emergency purchases or medical bills, they can easily become discouraged and eager to seek debt relief. Personal bankruptcy may be a helpful solution for doing away with these types of debts in Pennsylvania.

In addition to causing stress, debt can affect how high or low a person's credit score is. It's worth noting that some types of debt are more harmful to one's credit score than other types are. For instance, debt on credit cards carries much more weight than loan debt does. People who wish to lower their credit scores thus may benefit from paying down their credit card debts first by putting more than the minimum payments toward the monthly bills. Then, they can focus on their student loan debt afterward.

Those who have student loans can also keep their credit scores stronger by being on time with their payments each month. If loan repayment options are available, these may also be worth looking into in order to lower one's monthly payments. Lower payments may fit a person's budget better and thus help him or her to have a much more promising financial future.

While debt is a real issue for many consumers, legal debt relief is possible in Pennsylvania. Credit card obligations and other types of debt can quickly be removed via the personal bankruptcy process. Although college loans usually cannot be taken away through this process, getting rid of other debt makes it simpler for college graduates to pay off student loans in our state.

Source:, "The True Impact of Student Loans on Credit and Home Ownership", Reyna Gobel, Aug. 30, 2014

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Bryan P. Keenan & Associates, P.C.

993 Greentree Road
Suite 101
Pittsburgh, PA 15220

Phone: 412-923-4941
Fax: 412-444-0158
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