If you’re reading this, then the chances are that you’re going through a tough financial time. This year has been quite a struggle between the lengthy medical issue you’ve dealt with, the credit card debt, and other bills.

When it becomes clear that there may be no way of paying back your debts, it’s only natural to seek help from a bankruptcy law firm. For most individuals, there are two types of bankruptcy: Chapter 7 and Chapter 13. All types of bankruptcies have benefits and drawbacks.

Chapter 7 means that a person can legally get rid of most of their consumer debts as long as they meet specific qualifications. Chapter 13 is that a person will still pay back their debts just as one lump sum at a payment they can afford. All active bankruptcies will force the ending of wage garnishments under most circumstances. The advantages and disadvantages of filing bankruptcy are many.

It’s essential to seek a qualified bankruptcy attorney to get proper access to bankruptcy court. These professionals can help people make an informed decision and determine if Chapter 7 or 13 may be right for them and their family members.

When faced with such dire circumstances, the stress can mount and mount until you just are not sure what to do. That’s okay. Don’t blame yourself. You can handle this. For some people, bankruptcy becomes as serious consideration. With bankruptcy you can essentially be relieved of your debt as a sort of second chance. A bankruptcy will likely affect your credit negatively so that you may not be able to use any sort of credit system for several years.

A qualified and reputable Philadelphia bankruptcy lawyer can work with you to help you answer your bankruptcy questions and to help you figure out whether or not declaring bankruptcy is the right choice for you. You can search online for a trusted Philadelphia bankruptcy lawyer and research a few of them so that you can find the best Philadelphia bankruptcy attorney the area has available for you.

Feel free to contact any Philadelphia bankruptcy attorney so that you can ask questions about the services they provide as well as any other important information that you may need. A reputable Philadelphia bankruptcy attorney may offer a free consultation so that you can meet with them to find out more about them and to see if they are right for you.

Facing large amounts of debt can be overwhelming and can consume your life. Philadelphia bankruptcy lawyers are out there and would like to give you the help that you deserve so that you can move on with your life. Because there are time limitations it is important that you find out what you need to do to move forth with your bankruptcy. Find out more today about some of the best Philadelphia bankruptcy lawyers near you.