Bankruptcy and Christmas

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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.

Bankruptcy and Christmas

It is no secret that almost half of all consumer spending occurs during this time of the year.  However, for one contemplating bankruptcy, careful spending and planning are essential.  Section 523(a)(2) of the United States Bankruptcy Code addresses the problem of credit card overspending prior to a bankruptcy filing.  This section exempts from a Chapter 7 Bankruptcy Discharge “debt that was obtained if an individual made material and false representations about his financial condition.”  This means that a person either submitted false information on the credit card application or knowingly made false purchases or made purchases on credit that were unaffordable to repay.  The latter is a more common scenario and the credit card companies may use Section 523(a)(2) to challenge a discharge based on high usage prior to filing bankruptcy, using the card for vacations or travel or maintaining large balances.

To avoid such an objection to discharge, careful planning, which usually involves waiting to file, rather than on the heels of Christmas shopping is usually best to avoid any objections to the Bankruptcy filing.  During your initial consultation with a Bankruptcy Lawyer, we will assess your situation with respect to all applicable bankruptcy laws to ensure your case is successful and you are Debt Free!

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 Thank you.

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