Media, PA Chapter 13 Attorney Gets You Back on Track Financially

Attentive, personal service from a Chapter 13 bankruptcy law firm

At David R. Black’s Bankruptcy Legal Group, a division of Black & Associates, P.C., we are dedicated to bankruptcy law. Our client base extends throughout Media, West Chester, Chester County, Delaware County and Upper Darby. If you do not qualify for Chapter 7 bankruptcy, Chapter 13 may protect your assets or a Chapter 13 may allow a repayment plan for mortgage arrears. Your plan may also allow you to pay back taxes without interest

David R. Black’s Bankruptcy Legal Group in Media has the legal savvy to provide you with affordable options to wipe away your debt and give you the fresh start you deserve. What sets our firm apart? We are:

  • Technologically savvy — Our staff uses state-of-the-art computer technology to expedite the process and save you money. We strive to keep our fees low.
  • Strategic negotiators — For more than 30 years, our Media bankruptcy lawyers have negotiated and settled debts for our clients. The art of negotiation is critical, as creditors rarely adjust their payment plans.
  • Passionate about your fresh start — We take a personal interest in moving you forward to a brighter financial future.

What is a Chapter 13 personal bankruptcy?

Chapter 13 is the chapter of the U.S. Bankruptcy Code that allows the reorganization or adjustment of debt for an individual with regular income. Debtors propose a repayment plan to make manageable, regular payments over a three-to-five year period. To be eligible, you must demonstrate to the court you have the ability to make payments and that your debt does not exceed the allowable limits. Debtors who do not qualify for Chapter 13 may file Chapter 11.

Details of a Chapter 13 bankruptcy

In a Chapter 13 bankruptcy, a court-appointed trustee oversees the case, including:

  • Administering the repayment plan
  • Receiving payments
  • Making distributions to creditors

Once the bankruptcy petition is filed, an automatic stay prevents further collection actions. When the filer completes the plan, the bankruptcy court discharges the remaining debt. Chapter 13 bankruptcy cannot discharge:

  • Alimony
  • Child support
  • Certain taxes
  • Student loans
  • Debts related to crimes

Chapter 13 laws in Pennsylvania

Bankruptcy is governed by U.S. federal law and handled in federal bankruptcy court. However, state laws provides for exemptions a filer may claim and the respective amounts. In Pennsylvania, you may claim exemptions under federal or state law. Exemptions are critical to Chapter 13 eligibility. By filing Chapter 13 you may keep all of your property, even that which is not protected in a Chapter 7. Although your property is not sold or seized, you still have to show creditors a value of your bankruptcy estate.

It doesn’t matter how you got to this point — it’s time for a fresh start

We are dedicated to resolving your financial burdens. Contact our office, David R. Black’s Bankruptcy Legal Group, a division of Black & Associates, P.C., at 610-365-1052 or online for a free consultation. Our office hours are Monday through Friday, 8:30 a.m. to 5:00 p.m., and we are accessible by phone on weekends and after business hours. We serve clients in Media and throughout Chester and Delaware Counties.