Learn why Some Lancaster County Residents are Choosing to File for Bankruptcy.

By Dennis L. Plank, Attorney People file for bankruptcy for many different reasons. Medical expenses, job loss, excessive use of credit, divorce and separation, and unexpected expenses are just a few reasons Lancaster County residents might choose this option to manage debt. And while some people can stop debt from spiraling out of control before bankruptcy is necessary, others cannot stabilize their financial situation…

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Many Lancaster County Residents Consider Filing for Bankruptcy at Some Time, but it Won’t Eliminate all Types of Debt.

By Dennis L Plank, Attorney Many Lancaster County residents try to reduce or manage their debt, but often it can spiral out of control unexpectedly. In these cases, bankruptcy is an option that prevents one from being buried under a seemingly endless pile of debt. There are two kinds of bankruptcy that individuals can file for financial relief purposes: Chapter 7, which focuses on…

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Many Lancaster County Homeowners are Still Recovering From the Economic Fallout of the Pandemic. Find out why Some are Using Bankruptcy to Rebuild Financial Stability.

By Dennis L. Plank, Attorney The COVID-19 pandemic has caused economic chaos in the United States and around the globe. Many Lancaster County homeowners were caught off guard after more than a decade of economic stability and years of record-high employment rates. Without a stable income, many homeowners are now dealing with a mountain of debt. However, Pennsylvania homeowners have financial options. Chapter 13…

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Experienced Lancaster County Bankruptcy Lawyer Explains When Chapter 13 Bankruptcy may be a Good Idea.

Dennis L. Plank, Attorney In Lancaster County and across the country, Americans are struggling with more and more debt, especially credit card debt and student loan payments. For some people, debt is a necessary but manageable part of their financial picture. However, for others, debt can get out of control. For some households, debt piles up because of poor spending habits and or ill-advised…

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A Lancaster County Bankruptcy Quiz When is Chapter 7 (or Chapter 13) a Good Idea

By Dennis L. Plank, Attorney Lancaster County residents can take important steps to manage debt, but sometimes that debt snowballs out of their control, and bankruptcy is the best option. Chapter 7 and Chapter 13 are two forms of bankruptcy that can offer individuals financial relief. Chapter 7 focuses on debt forgiveness, while Chapter 13 focuses on reorganizing and repaying debt. Filing for bankruptcy…

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