Media, PA Bankruptcy and Foreclosure Lawyer

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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.

Media, PA Bankruptcy and Foreclosure Lawyer

Our Bankruptcy and debt relief lawyers have been serving the legal needs of the residents of Media, Pennsylvania since 2006.

One of our first branch offices was our Springfield, Delaware County office which is next to the town of Media, PA and right down the road on Baltimore Pike.

Media has a zip code of 19063 and is surrounded by Swarthmore, Morton, Springfield, Nether Providence Township, Edgmont and Broomall. Media is home to over 5,000 residents and it is also home to the Delaware County, Pennsylvania Government and the Court of Common Pleas of Delaware County.

Media was established in 1848 for the specific purpose of providing a more centralized location for what was known as the “Court of Justice for Delaware County.”

The Financial Environment for Media Residents

Media, Pennsylvania has a relatively high median property value at $331,400. In comparison the median property value in Pennsylvania is much lower at $180,200. For most people and families their greatest monthly expense is housing.

Based on home values; monthly mortgages and rents in Media, Pennsylvania are a significant monthly expense.

Such a significant monthly housing expense does not leave much savings for when emergency expenses, job loss or medical bills are incurred. Unfortunately, such a situation can easily lead to credit card debt, mortgage, or rent arrears.

Benefits of Working with a Local Lawyer

Since Media is a coveted town to live in Delaware County, a frequent question our clients’ ask is “Can I keep my home?”  Our job as debt relief lawyers is to help you reduce or eliminate debt while keeping ALL of your assets, including your home, vehicles and personal property. 

When consulting with a client, one of the first topics we discuss is details regarding their home, such as how much is the mortgage and we ascertain a comparable sales value. The reason is, we want to see how much equity, if any exists in the subject home.

Simply, if the home is worth less than the mortgage amount there is no equity in the home and the home is not part of the equation.

However, after a 10% cost of sale deduction if the home is worth more than $25,100 for a single deeded owner or $50,200 for joint deeded owners, than equity exists in the subject home.  If equity exists, the “non-exempt equity” is the minimum amount that will be repaid to creditors over 3-5 years while retaining the property.

The amount to be repaid is generally minuscule in comparison to monthly payments being made to credit cards, personal loans, etc. outside a debt relief plan.

For example if a husband and wife own a home worth $200,000 with a $125,000 mortgage and have $50,000 worth of unsecured debt, they would need to only pay a minimum of $4,800 back to their creditors based on the below:

  • $200,000 – 10% (cost of sale deduction) = $180,000
  • $180,000 – $50,200 (joint exemption) = $129,800
  • $129,800– $125,000 (mortgage) = $4,800

At $50,000 in debt, minimum payments are approximately $1,500 per month outside a debt relief plan.  In the above example, the husband-and-wife joint homeowners would be paying approximately $100 per month towards their debt over 5 years, while keeping their home and now having the ability to accumulate savings!

Hire an Experienced Bankruptcy Lawyer

We understand that reading these numbers may be difficult to understand at first glance. The lawyers at Sadek Bankruptcy Law Offices take the time to learn about each clients’ situation and explain how we can help them retain their assets and enjoy monthly savings.

If you are facing escalating monthly expenditures, using credit cards to pay for life’s necessities or in default on your home, please call us for a free and confidential debt relief consultation. We look forward to helping you!