How Filing Bankruptcy Can Help You?

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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.

Why File Bankruptcy?

The word “bankruptcy” makes many people uneasy. Perhaps you have thought about filing bankruptcy in Pennsylvania, but stopped because you were worried about the potential consequences.

At Sadek Bankruptcy Law Offices, LLC, our Philadelphia bankruptcy lawyers are frequently contacted by Pennsylvanians who have questions like,

  • “If I file bankruptcy, will I lose my house or my car?”
  • “If I file bankruptcy, will my credit be permanently ruined?”
  • “If I file bankruptcy, won’t all my friends and family members find out? And what about my employer? Will filing bankruptcy cause me to lose my job?”

Bankruptcy is a major financial decision, so it’s wise to consider the consequences carefully. However, most of the fears people have about bankruptcy are based on inaccurate or misleading information.

Don’t let negative myths about bankruptcy stop you from getting debt relief in Philadelphia. Continue reading to find out what happens when you file Chapter 7 or Chapter 13, and learn more about the benefits of filing for bankruptcy in Pennsylvania.

Reasons to File Chapter 7 or 13 Bankruptcy in Pennsylvania

You probably already know that bankruptcy can help get your debt under control. But did you know that there are other benefits to filing bankruptcy, too? Here are some reasons to consider bankruptcy in Philadelphia:

Philadelphia Bankruptcy Attorney

You probably already know that bankruptcy can help get your debt under control. But did you know that there are other benefits to filing bankruptcy, too? Here are some reasons to consider bankruptcy in Philadelphia:

Reduce or erase your debts

If you complete the bankruptcy process properly, the court will “discharge” or eliminate most of your debts. Dischargeable debts in bankruptcy, or debts that bankruptcy can erase, include debts from medical bills, credit card bills, utility bills, business loans, personal loans, and more.

Stop debt collectors

As soon as you file bankruptcy in Philadelphia, you gain the protection of the “automatic stay,” a court order that freezes debt collection actions while your case is pending. With some exceptions, the automatic stay remains in effect for the duration of your bankruptcy case.

Stop utilities from being shut off

If you have unpaid electric bills, gas bills, or other unpaid utilities, bankruptcy may provide immediate relief.

Prevent home foreclosure

Certain types of bankruptcy may let you stop foreclosure by giving you extra time to make up missed mortgage payments. Similarly, bankruptcy can also help you stop your car from being repossessed due to unpaid auto loans.

Build better credit

Bankruptcy will initially cause a temporary drop in your credit score. However, once your debts are eliminated, it will be easier for you to build good credit. If you are currently in debt, you likely have a low credit score already, which bankruptcy can help you increase in the long run. If you are diligent, your credit score may start to improve within as little as one year of filing.

Protect your property

If you owe creditors money, you risk losing property to repossession. Bankruptcy can help you protect real property and personal property from being repossessed and sold at auction, including valuable jewelry, family heirlooms, artwork, and more.

Get stress relief

Living with financial hardship creates a constant state of stress and uncertainty, especially if you are responsible for supporting a child, spouse, or family member. Over time, the stress caused by money problems can start to affect your sleep, your mental health, and even your physical health. Bankruptcy releases you from the burden of anxiety caused by crushing debt, giving you optimism that a brighter future is on the horizon.

In most cases, bankruptcy does not lead to foreclosure or repossession. On the contrary, it can actually delay or even prevent these outcomes. And unless they are listed as your creditors, your friends and family will not necessarily discover that you have filed for bankruptcy, either. The same applies to your employer.

While bankruptcy is not necessarily the appropriate solution for every person’s situation, it has already helped millions of Americans rebalance their finances and start again fresh. Court statistics show that in 2013 alone, more than 12,000 people filed bankruptcy cases in Eastern Pennsylvania – and that’s only one portion of the state.

Even if bankruptcy is not optimal for your situation, our attorneys can help you explore other alternatives to bankruptcy in Pennsylvania, such as mortgage modifications or pre-foreclosure forbearance plans. Our bankruptcy law firm can help you make sound, informed decisions about how to reduce your debt strategically.

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Philadelphia Bankruptcy Attorneys Can Help

Bankruptcy has the power to transform your life by eliminating your debts and freeing you from the heavy, exhausting burden of financial hardship and creditor harassment. 

However, you shouldn’t go through the Pennsylvania bankruptcy process alone. Filing bankruptcy can be a complicated procedure, so it’s important to make sure you have legal help from an experienced bankruptcy lawyer in Philadelphia.

At Sadek Bankruptcy Law Offices, LLC, our trusted team of attorneys has many years of experience handling thousands of bankruptcy cases. 

Our law firm works with single individuals, married couples, and business owners to help Pennsylvanians file Chapter 7 bankruptcy, file Chapter 13 bankruptcy, or, where appropriate, explore bankruptcy alternatives.

We handle cases across Southeastern Pennsylvania, including Ardmore, Audubon, Bristol, Broomall, Chester, Collingdale, Croydon, Darby, Doylestown, Drexel Hill, Fairless Hills, Folsom, Harleysville, Horsham, King of Prussia, Lansdale, Lansdowne, Levittown, Montgomeryville, Morrisville, Norristown, Perkasie, Philadelphia, Pottstown, Quakertown, Richboro, Telford, Willow Grove, Woodlyn, Yeadon, and many other communities throughout Philadelphia, Bucks, Montgomery, and Delaware Counties.

To learn more about the advantages of filing bankruptcy, and whether Chapter 13 or Chapter 7 could be the right solution for you, call Sadek Bankruptcy Law Offices at (215)-545-0008 for a free legal consultation. We will keep your information confidential.