Northwest Philadelphia Bankruptcy and Foreclosure Lawyer
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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.
Northwest Philadelphia Bankruptcy and Foreclosure Lawyer
Sadek Bankruptcy Law Offices has been proudly serving the residents and businesses of Northwest Philadelphia since 2006. Northwest Philadelphia is almost a perfect rectangle shape that extends itself from Philadelphia and is bordered by Montgomery County, Pennsylvania on three sides. Although relatively distant from Center City Philadelphia and more suburban in feel, Northwest Philadelphia is very much rooted in the history of Philadelphia.
Individual Approach to Your Bankruptcy in Northwest Philadelphia
Northwest Philadelphia’s geography consists of Stenton Avenue to the North, Schuylkill River to the Southwest, Northwestern Avenue to the Northwest, Roosevelt Boulevard to the South and Wister Street to the East. Northwest Philadelphia consists of neighborhoods such as Germantown, Mt. Airy, Chestnut Hill, Roxborough, Wissahickon, East Falls and Manayunk. Northwest Philadelphia is within a 10-minute commute to our Downtown Philadelphia office or our Northeast Philadelphia branch office.
Northwest Philadelphia, in particular Chestnut Hill is among the highest concentration of household income in Philadelphia along with Center City Philadelphia residents. Northwest’s Philadelphia’s history of prosperity is evident in the grand Victorian homes that are most common in Chestnut Hill and Mt. Airy.
Like any large metropolitan area, Northwest Philadelphia has a wide range of household income levels. Further the recession of the late 2000’s and the recent Pandemic has entrenched in our practice that financial distress can affect all income levels. Currently, we are seeing the end of the mortgage forbearance period and many residents of Northwest Philadelphia are pondering the fate of their residences.
One of our main practice areas is Bankruptcy. I realize that nobody likes the word Bankruptcy, and it is often times a last resort after debt consolidation and mortgage modification attempts. However, where Bankruptcy has proved to be a most valuable tool is in home retention and debt reorganization through what is known as a Chapter 13 Bankruptcy. One of the main benefits of a Chapter 13 Bankruptcy is the imputation of the automatic stay upon filing.
The automatic stay is one of the most powerful tools in all of law and operates as a mechanism to stop all collection proceedings against the bankruptcy filer and their property. Meaning, any collection efforts, judgment execution, tax collection and foreclosure actions are automatically stopped. Then, through the Chapter 13 Plan a debt reorganization is accomplished.
The purpose of the Chapter 13 Plan is to devise a strategy for one to keep their prized assets, such as their home and vehicles and repay any delinquency on such assets and simultaneously allocate less money towards unsecured debts such as credit cards and personal loans of which monthly payments may be exhausting a disproportionate amount of monthly household income.
Through Chapter 13 Bankruptcy, Sadek Bankruptcy Law Offices has helped thousands of Philadelphia residents keep their homes by lowering their monthly expenditures to unsecured debts. A Chapter 13 can be filed to save a home from Mortgage Foreclosure, Reverse Mortgage Foreclosure and Real Estate tax foreclosure as well. Real estate tax foreclosure is most common in Northwest Philadelphia due to the increased value of its residences.
Contact our Northwest Philadelphia Bankruptcy, Debt Relief and Foreclosure Lawyer
Our office regularly practices in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Mortgage Foreclosure Defense, Credit Defense and Debt Consolidation. We offer a risk free consultation with a Debt Relief Attorney via phone, video chat or in person. To schedule your free consultation, please call 215-545-0008, calls are answered 24/7.