When Will You Be Debt FREE?

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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.


Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.


In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

When Will You Be Debt FREE?

To best answer this question, there are a few questions that must be asked.  First of all, how much debt do you have, secondly what is the interest rate(s) and lastly what amount of money do you pay per month toward the debt(s)?

Let’s say that a person has only one credit card with a $20,000.00 balance, 15% interest rate and makes a regular monthly minimum payment in the amount of $300.00.  Although that person is doing his/her best to pay off the debt in a timely basis, it will take them 95 years and 6 months to pay off the $20,000.00.  Further, that person will have paid the balance of $20,000.00 plus $86,974.31 in interest charges for a total payment of $106,974.31.

If you are reading this blog, most likely you have debt of some kind.  I would advise you to follow the link below to the “debt reduction planner.”


You will realize that there is probably not enough time or money to pay off your existing debt and a bankruptcy filing is most likely the quickest and least costly alternative to becoming debt free and getting the fresh-start you need.

If there are any general questions or topics you would like to read about relating to bankruptcy law in the Philadelphia, Pennsylvania region, you may contact the Philadelphia Bankruptcy Lawyers at Sadek Law Offices, LLC at 215-545-0008 or email brad@sadeklaw.com. Thank you.

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