If you are facing financial hardship, then you know that simply thinking about your looming problems can be overwhelming, let alone figuring out a plan for how to deal with them. Far too many Pennsylvanians allow their fear to paralyze them into inaction. But the truth of the matter is that this can just make matters worse. Instead of trying to hide from your financial troubles, you should consider the best way to deal it so that you can reclaim the fresh financial start you need.
Depending on your circumstances, bankruptcy may be one of the best options available to you. As we discussed last week on the blog, Chapter 13 bankruptcy may allow you to stop foreclosure while retaining your assets. You will be put on a payment plan in an attempt to clear your debts in an affordable way and, after a certain period of time, any unpaid debts may be forgiven.
The bankruptcy process can be fraught with difficulties, though, especially as creditors try their best to get their money back. If you neglect to consult the law and abide by it, your bankruptcy claim may be denied, leaving you in dire financial straits with very few options. Therefore, you need to make sure that your claim is a thorough and persuasive as possible. You need to gather all necessary financial records and utilize the law to support your legal arguments.
At Rapa Law Office PC, our legal team has years of experience handling bankruptcy cases to help Pennsylvania families regain their financial footing. We work with our clients to fully understand their financial problems and present them with the full range of legal options available to them. Once a course of action is chosen, we do everything in our power to develop compelling claims that comply with the law and, hopefully, set our clients up for success. In the end, we fight for our clients to reclaim their lives and their futures so that they don't have to lose any more nights of sleep over their financial difficulties.