Best North Philadelphia Bankruptcy and Foreclosure Attorneys

Sadek Bankruptcy Law Offices has been serving the Bankruptcy, Foreclosure defense and debt relief needs of the residents of North Philadelphia and the City of Philadelphia since 2006. North Philadelphia is located between our downtown Philadelphia law office and our Northeast Philadelphia law office. Meaning, our local lawyers are less than a 10-minute drive or phone call away when you need legal help.

North Philadelphia extends from Spring Garden Street to the South, Cheltenham Avenue to North, 35th Street to the West and Adams Avenue to the East. North Philadelphia is bordered by Center City Philadelphia to the South, Montgomery County to the North, Northwest Philadelphia to the West and Northeast Philadelphia and Kensington to the East. North Philadelphia is home to many deep-rooted neighborhoods such as Olney, Oak Lane, Fairhill, Fairmount, Franklinville, Poplar, Strawberry Mansion and Yorktown.

According to the Pew Charitable Trusts “Over the past decade, North Philadelphia, which is home to many of the city’s low-income residents, experienced a larger increase in rents and cost burden—in percentage terms—than any other part of the city.” A household is deemed to be cost-burdened if more than 30% of the household income is spent on housing costs including rent or mortgage, utilities, insurance and real estate property taxes.

Cost burdened households are likely to fall into financial distress, especially in the event of unforeseen expenses or a decrease in income. Because a cost-burdened household is not likely to accumulate significant savings, any financial emergency can lead to credit card debt, personal loan debt or delinquencies on mortgage, rent or real estate taxes.

It is extremely important for the residents of North Philadelphia, especially cost burdened households, to keep track of their debt amounts owed and monthly spending. Too often our clients are unaware of the total amount they are spending towards paying minimum payments on unsecured debt. Such debt payments add up and drain any possibility for savings and greater financial freedom. Although we are lawyers, we realize that the true success of our help really depends on our clients’ solid financial management in the months and years following our law firm’s assistance. Sadek Bankruptcy Law Offices’s lawyers diligently review our clients’ income and expenses along with assets and liabilities to choose the best long term legal strategy for our clients. Financial Help does exist!

When a household faces financial distress, it is important to obtain trusted legal advice as soon as possible. Sadek Bankruptcy Law Offices specializes in helping those in need of debt relief with Chapter 13 and Chapter 7 Bankruptcy in Philadelphia, Mortgage Foreclosure Defense, Real Estate Tax Defense, Debt Consolidation and Negotiation and Loan Contract Litigation Defense. We have represented thousands of Philadelphians over the years in a compassionate and professional manner and look forward to speaking with and helping you too.