Prospect Park, PA Bankruptcy and Foreclosure Defense Attorney

If you’re searching for a foreclosure defense and bankruptcy attorney in Prospect Park, PA, Sadek Bankruptcy Law Offices is here to help. Our law firm understands the financial stress that many homeowners face, and we’re committed to fighting on your behalf to protect your home and secure a fresh start.

Whether you’re dealing with overwhelming debt or facing foreclosure, we provide personalized legal advice to guide you through the legal process. You can expect clear answers about your options, from filing in bankruptcy court to defending against foreclosure.

Don’t let money worries control your future—call 610-432-3111 or contact us online for a free initial consultation with an experienced foreclosure defense and bankruptcy lawyer today.

What Types of Bankruptcy Can Sadek Law Help With?

At Sadek Law, we help with Chapter 7 and Chapter 13 bankruptcy for individuals and businesses. Bankruptcy cases can be complicated, but understanding your options is the first step toward a fresh financial start. Whether you’re considering filing for bankruptcy as an individual or a business, our experienced bankruptcy lawyers are here to guide you through every stage of the process.

The type of bankruptcy you file depends on your unique situation, and our law office is ready to answer any legal questions you have. From credit counseling to representing you in any necessary legal proceedings, we’re here to make the bankruptcy process as smooth as possible.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is often the go-to option for individuals who find themselves overwhelmed by debt and have few assets to protect. It provides a legal way to discharge most, if not all, unsecured debts, such as credit card bills, medical expenses, and personal loans, giving you the opportunity for a fresh financial start.

Once you file bankruptcy under Chapter 7, an automatic stay is put in place, which means that all creditors are legally required to stop contacting you about payments. This offers immediate relief from harassing phone calls, wage garnishments, and collection efforts.

The process begins by submitting a bankruptcy petition to the court, along with various forms detailing your financial situation, including your assets, income, debts, and expenses. An experienced Chapter 7 bankruptcy attorney will be with you every step of the way, ensuring that all completed paperwork is filed correctly and on time. Proper submission of these forms is necessary to avoid delays or complications, so having knowledgeable legal support is key.

For people filing Chapter 7, this option is particularly helpful when you have little to no disposable income and are struggling to keep up with payments. It’s designed for people who meet specific income criteria and are unable to pay back their unsecured debts. Once the court discharges your debts, you are essentially given a clean slate, allowing you to rebuild your financial life without the burden of overwhelming debt.

Chapter 7 Business Bankruptcy

If your business is unable to pay its debts and is no longer financially viable, filing for Chapter 7 business bankruptcy can be an effective way to wind down operations and resolve your outstanding obligations. Chapter 7 business bankruptcy allows your company to liquidate its assets and distribute the proceeds among creditors in a fair and structured manner. This type of bankruptcy relief is particularly beneficial for businesses that can no longer generate sufficient income to cover operating costs or pay off accumulated debt.

Working closely with a skilled Chapter 7 business bankruptcy attorney is essential throughout this process. An experienced attorney will guide you through each step, from preparing and filing the bankruptcy petition to coordinating with the court and creditors. They will ensure that the liquidation of the business’s assets is handled properly and that all legal requirements are met efficiently. This includes selling off business assets, such as equipment, inventory, or property, to pay off as much of the debt as possible.

Chapter 7 business bankruptcy provides a straightforward solution for businesses that are closing down and cannot continue operating. It helps resolve outstanding debts in an organized way, allowing you to avoid the chaos and potential legal battles that can come with unpaid creditors. While your business will no longer continue after the process, this form of bankruptcy allows you to close the company in an orderly, responsible manner.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy provides a way for individuals with a regular income to regain control of their finances by restructuring their debts and paying them off over a period of three to five years. Unlike Chapter 7, which involves liquidating assets to eliminate debt, Chapter 13 allows you to keep your property while catching up on past-due payments through a manageable repayment plan. This makes it an ideal solution for people who are behind on mortgage payments, car loans, or other secured debts but want to avoid foreclosure or repossession.

When you file for Chapter 13 bankruptcy, you work with a bankruptcy lawyer to develop a repayment plan that fits your financial situation. The plan will outline how much you pay creditors each month and how long the repayment period will last. Once the plan is submitted, it needs to be approved by the bankruptcy court. With a skilled Chapter 13 bankruptcy attorney by your side, you can be confident that your repayment plan will be crafted in a way that is both reasonable for you and acceptable to the court, giving you the best chance of approval.

Once your repayment plan is approved, a bankruptcy trustee is appointed to oversee your bankruptcy case and ensure you meet the terms of the repayment plan. The trustee will act as a liaison between you and your creditors, collecting your payments and distributing them accordingly. During this time, creditors are prohibited from taking any further collection actions against you, such as filing lawsuits or foreclosing on your home.