chapter 13 bankruptcy in philadelphia: tips to remember

“When a person decides to file for Chapter 13 bankruptcy, they are faced with a variety of questions as well as many challenges.”

CHAPTER 13 BANKRUPTCY

INPHILADELPHIA TIPS TO REMEMBER

DAVID M. OFFEN PHILADELPHIA BANKRUPTCY ATTORNEY

http://www.getfreeofbills.com/

Chapter 13 Bankruptcy in Philadelphia Tips to Remember www.getfreeofbills.com 3

For most people, bankruptcy is a last resort. They first consider other

options, such as borrowing money from a relative before moving forward

with this strategy.

When a person decides to file for Chapter 13 bankruptcy, they are faced

with a variety of questions which an experienced bankruptcy lawyer can

help to supply the right answers. It is important to take all the right steps

along the way, as a

mistake can make the

process more difficult.

Tip: to protect against

common mistakes and

ensure success, many

people start off by

consulting with a

bankruptcy attorney.

This allows them to

move forward in the

appropriate manner, regardless of what has happened in the past.

If Chapter 13 bankruptcy is on your mind, it is a must to first learn more

about this type of filing and how it can benefit you. Furthermore, there are

tips you can rely on to make this less stressful on you.


Here are three bits of advice that will ease your stress (if even

just a little):

1. Honesty is more important than anything else. When filing for Chapter

13 bankruptcy, you will be faced with a number of questions. As you move

through the process, you may begin to wonder if you can stretch the truth

here and there to

improve your situation.

Even though this may

be tempting, it is not

something you want to

consider. If the court

finds that you lied,

they have the right to

throw out your case.

Make sure the

information you provide is accurate. This means disclosing all your income,

expenses, assets, and liabilities.

2. The repayment plan is the meat and potatoes of a Chapter 13

bankruptcy filing. With this type of bankruptcy, you are required to repay

based on what you can afford some or all of your debt through a

repayment plan that lasts anywhere from three to five years.


You will not receive a Chapter 13 bankruptcy discharge until your

repayment plan comes to a conclusion. For this reason, you must make

sure you can make you can make your payments.

There are many details that go into proposing a Chapter 13 bankruptcy

repayment plan, so make sure you have an experienced attorney who can

help you with all of this information.

3. Keep an open line of communication with your lawyer. This person is on

your side, and he or she has the responsibility of trying to help you keep

everything in order along the way.

Since your

Chapter 13

bankruptcy

repayment plan

will last a

minimum of

three years, if

your

circumstances

change, for

example, it is important to discuss this with your lawyer what you should

do next.


While it is easy to focus on the end result, looking forward to the day that

your repayment plan has come and gone, you need to realize the

importance of the process.

Many people consider Chapter 13 bankruptcy, with some moving forward

once they realize

this is the best

decision for them.

Every decision you

make and every step

you take will have

an impact on your

finances now and in

the future. For this

reason, you want to know what the process of filing Chapter 13 bankruptcy

will accomplish for you, and how it can help you reach your goals.


About the Author

David M. Offen

A native to the Philadelphia area, Mr. Offen attended Temple University College and Law

School. Mr. Offen is licensed to practice in the States of Pennsylvania and New Jersey. He is a

member of the Eastern District of Pennsylvania Bankruptcy Conference and the National

Association of Consumer Bankruptcy Attorneys.

David M. Offen has over 20 years of experience and has helped over 8,500 individuals and

families go through the Bankruptcy process. These filings have included stopping foreclosure on

a home, stopping repossession of a car or vehicle, stopping IRS tax levies and frozen bank

accounts and putting a stop to; lawsuits, credit card bills, personal loan, bills, utility shutoffs

and other types of debt.

With Mr. Offen’s help, these families have saved countless millions of dollars of debt.

David enjoys getting to know his clients and will be happy to answer any and all questions you

may have. You are treated as a person and not a number.

Remember – there is no such thing as a silly question. Don’t be afraid to ask any questions you

may have. David M. Offen has found that people looking to file Bankruptcy are not trying to

avoid their responsibilities but rather to make a difficult situation easier. David enjoys getting

people to stop worrying and making their financial lives much better and stop feeling

overwhelmed.

In some cases, Bankruptcy is not the best move and he can review your situation with you and

tell you the right move for you to make. Get a completely free evaluation of your situation. For

the past 20 years, the Law Offices of David M. Offen has been among the top filers of

bankruptcy in the Eastern District of Pennsylvania.

The Law Offices of David M. Offen

215-625-9600

www.getfreeofbills.com

The Curtis Center

601 Walnut Street, Suite 160 West – 1st Floor

Philadelphia, PA 19106

http://www.getfreeofbills.com/