Philadelphia Bankruptcy Lawyers
Top Bankruptcy Attorneys and Home Foreclosure Defense Attorneys.
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EVALUATION
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.
AVAILABLE
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.
AND NJ
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.
Philadelphia Bankruptcy Lawyers
Whether you are filing for bankruptcy in Philadelphia or trying to stop a foreclosure, our Philadelphia bankruptcy lawyers provide clients a free consultation with a licensed attorney. We also provide flexible and affordable payment plans for any client who may need assistance.
Call or request a free consultation with our experienced lawyers in Center City Philadelphia for exemplary debt relief legal services – and get the financial relief you deserve.
We’re available 24/7 to talk about debt relief strategies that are compatible with your current situation. Whether you are filing for bankruptcy or trying to stop a foreclosure, we provide new clients a free consultation with a licensed attorney. We also provide flexible and affordable payment plans for any client who may need assistance.
Call or request a free consultation with our experienced lawyers in Center City Philadelphia for exemplary debt relief legal services – and get the financial relief you deserve.
Center City Philadelphia, PA
1500 JFK Boulevard Suite 220,
Philadelphia, PA 19102
United States (US)
Opening Hours
- Monday: Open 24 hours
- Tuesday: Open 24 hours
- Wednesday: Open 24 hours
- Thursday: Open 24 hours
- Friday: Open 24 hours
- Saturday: Open 24 hours
- Sunday: Open 24 hours
Schedule a Consultation with a Local Bankruptcy Attorney
Does my spouse or significant other have to be on the call?
Yes. If you live with your spouse or significant other or share finances in any way with another person, please have that person available so we can best answer all questions pertaining to your situation.
Who will I be meeting with?
You will be meeting with an experienced and trusted debt relief lawyer via phone who practices law in Pennsylvania and New Jersey.
How long is the consultation?
The initial consultation phone call is generally 15-20 minutes long.
How much do legal services cost and is there a payment plan?
You will be given a specific legal fee tailored to your situation at the end of the consultation. Please note, our deposit to hire Sadek Law Offices can be as low as $200.00 and we offer each client a payment plan to make legal services most affordable.
Consumer Bankruptcy Law
Chapter 13
Chapter 13 bankruptcy is a legal process in Center City that allows people to repay their debts over time while having the opportunity to keep valuable assets, like a home. We realize that nobody likes the idea of Bankruptcy, but a Chapter 13 Bankruptcy is a reorganization of debt contemporaneous with legal protections that are unfounded in any other area of law.
The most powerful aspect of a Bankruptcy is the automatic stay. The automatic stay which can be found in 11 U.S.C Section 362 states in relevant part that no creditor can commence or continue collection efforts against a bankruptcy filer.
Meaning that as soon as a bankruptcy is filed, not do just phone calls stop, but lawsuits, judgment execution, foreclosure proceedings, and even sheriff sales on personal and real property are immediately halted. This gives immediate financial relief to the bankruptcy filer and affords them a chance to restructure and reprioritize their debts.
Chapter 7
Unlike a Chapter 13 Bankruptcy which involves a repayment plan towards debt, a Chapter 7 Bankruptcy is an immediate discharge or wiping out of unsecured debts. Debts that can be included in a Chapter 7 Bankruptcy are credit card debts, medical bills, personal unsecured loans, timeshares, certain tax debts, deficiencies on vehicles and much more.
One of the most common misconceptions about a Bankruptcy is that it will destroy your credit score. The filing of a bankruptcy actually erases the pre bankruptcy credit history which allows the filer a financial fresh start without debt and a fresh start on their credit as well. After a bankruptcy the filer(s) will receive a plethora of offers for credit. Who better to lend money to then someone who is no longer carrying debt?
Our advice is to stay away from any and all new unsecured debt after bankruptcy and allow your savings and your credit score to continue to rise. We have seen credit scores rise over 100 points in the first year after filing and yours can rise too!
Bankruptcy Alternatives
There are alternatives to filing bankruptcy in Center City that can lower your debt and stress for certain situations. Services like foreclosure defense, IRS defense, and other debt-relief services can be an effective strategy to get your debt under control.
Call our attorneys in Center City and receive free consultations and reviews of your financial situation to determine a strategy that’s right for you.
Our Bankruptcy and Foreclosure Law Firm
Our Bankruptcy and Foreclosure law firm started in downtown Philadelphia in 2006. Our sole lawyer at the time had a vision where potential clients can receive a free initial consultation, honest legal opinions and an affordable payment plan for legal services.
Today, the same principles are the backbone of our law firm and is what continues to set us apart. Though Sadek bankruptcy law has expanded in size and geographical scope over the years; our Center City Philadelphia office continues to operate as the hub of our growing regional law practice.
Our Philadelphia office is centrally positioned within 3 blocks of the Broad Street Subway, the Market-Frankford Line and the Patco High Speed Line. For the convenience of our clients who drive into Philadelphia, there is private parking next to our office suite.
Our bankruptcy attorneys and foreclosure lawyers have over 50 years of combined experience helping clients get a fresh financial start through our legal services. Whether our clients’ issues are credit cards, personal loans, mortgage foreclosure or tax foreclosure; our lawyers have the experience and knowledge to guide our clients towards efficient resolutions.
Our attorneys pride themselves on being accessible, sympathetic and zealous advocates for our clients. We understand that reaching out for help is a big decision, it is our goal to show you that calling Sadek bankruptcy law was the right choice!
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Mortgage Modification & Foreclosure Defense
Oftentimes a hardship such as unemployment, reduction in income, divorce or separation, or unanticipated expenses leads to late or unpaid mortgage payments.
When such a hardship occurs a mortgage modification may be a viable option, especially if other debts (credit cards, vehicle payments, etc.) are substantially current or non-existent. A modification generally results in a change in the interest rate or term of the mortgage and includes the mortgage arrears (amount behind) in the new principal loan amount.
In times when home values are increased, mortgage companies and mortgage servicers lack the incentive to engage in mortgage modification plans and therefore the homeowner is forced to litigate and defend a foreclosure lawsuit.
Our law office has experience in filing Preliminary Objections, Answers, New Matter and Motion practice in the Philadelphia Courts of Common Pleas to keep our clients in their homes using the legal system.
Although every legal situation is different it is always best to contact a lawyer upon receipt of a Notice of Intent to Foreclose or upon service of a Foreclosure Complaint. The earlier an attorney is involved the more legal options and strategies are available to you.
Debt Consolidation
Also known as debt settlement, debt consolidation involves making a single payment to all your creditors for a reduced amount to what is owed. Our lawyers in Center City Philadelphia work with your creditors to negotiate these payments.
Debt consolidation generally is most successful when there is a relatively high amount of disposable income in comparison to the debt. In this case it can be assured that the borrower is saving enough money on a monthly basis at a pace faster than the debt itself is growing.
Unfortunately, too often a debt consolidation is entered into and only a portion of the debt is satisfied due to lack of sufficient disposable income to reduce the total amount of debt due and owing.
IRS Defense
Center City Offer in Compromise
An offer in compromise (OIC) is an agreement between a taxpayer in Center City and the Internal Revenue Service (IRS) that settles the taxpayer’s tax liabilities for less than the full amount owed.
Center City IRS Installment Agreements
For those in Center City who cannot resolve their tax debt through an offer in compromise, an installment agreement can allow a taxpayer to devise a reasonable payment plan option.
