By Dennis L. Plank, Attorney Bankruptcy can effectively manage some types of debt, but it's not suitable for everyone. Many people are confused about what bankruptcy covers, who should file for Chapter 7, and who should file for Chapter 13. However, few people can "choose" which type of bankruptcy to file. Instead, the law determines which type of bankruptcy is most appropriate based on the…
By Dennis L. Plank, Attorney Pennsylvania Chapter 13 bankruptcy is a legal tool developed to help people repay debts without liquidating all of their assets. It’s potentially beneficial for homeowners who want to manage debt without losing their homes. This type of bankruptcy was designed to help usually steady earners get back on their feet after a rough period. Sometimes referred to as the…
By Dennis Plank, Attorney If you've been struggling with a mountain of debt, you may be considering bankruptcy as one way to remedy your financial challenges. Bankruptcy is a good solution for many people in Lancaster County, but it is not right for everyone. Each person's issues and needs vary, so you may want to consult a bankruptcy attorney before making your final decision.…
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