Bryan P. Keenan & Associates, P.C.
Free, Fresh-Start Consultation 412-923-4941

Providing The Advice And Options You Need To Overcome Financial Problems And Move Forward

A bankruptcy attorney who cares about you and your future. Don't let debt problems disrupt and define your life.

Bryan P. Keenan

How can you live through a bankruptcy filing?

Financial hardships are a normal part of adulthood for many people. When these become overwhelming, you might decide to file for bankruptcy to seek some financial relief. This isn't an easy way out of the debt that is crushing you, but it is often the best option available in Allegheny County.

Some individuals feel ashamed when they have to file for bankruptcy, but there is no reason for this. Having to write off debts is a normal operating expense for companies that offer credit. The important thing is that you handle the bankruptcy filing in the proper manner.

How will the type of bankruptcy impact you?

There are two primary forms of personal bankruptcy, each of which means different things. In a Chapter 7 bankruptcy, non-exempt assets are liquidated by the bankruptcy trustee so that some of the debts you have can be paid from the proceeds. In a Chapter 13 bankruptcy, you make regular payments to the bankruptcy trustee for three to five years. You must make the required payments on time or the bankruptcy won't be discharged.

What should you expect during the bankruptcy?

During the bankruptcy, you can't obtain new credit. You will have to learn how to pay your bills using only your income. A budget can help since it sets up a plan for where your money will go. When your case is discharged, the bankruptcy will still impact your credit. A Chapter 7 will remain on your credit for 10 years, but a Chapter 13 will stay for seven years.

How can you deal with the emotions that come with filing?

You might find that you are on an emotional roller coaster with your emotions. You may feel guilty that you had file, but remember that this is a legal tool to help people and that there is nothing wrong with having to use it. You may also go through feelings of sadness and relief. These are perfectly normal emotions that you should find your own way to handle.

How can you rebuild credit after bankruptcy?

After you file for bankruptcy, you can begin to rebuild your credit by getting secure credit cards. While you do have to put a deposit down, you will continue to make monthly payments to establish a positive payment history. As time goes on, you should be able to begin to obtain regular credit cards and other lines of credit. Just remember that you must make the payments on time and only charge what you can afford to repay.

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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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