Many working professionals receive health insurance coverage as part of their compensation package from their employers. Others, like those operating their own small businesses, may purchase health insurance coverage through the marketplace. Unfortunately, simply...
Cherry Hill Bankruptcy Blog
How long can bankruptcy affect employment and credit options?
Numerous concerns about bankruptcy prevent many people from filing in a timely matter when they need financial relief. For example, some people worry that they cannot balance their budgets without revolving lines of credit. The temporary setback related to the closure...
Creditor lawsuits may warrant an emergency bankruptcy filing
In some cases, bankruptcy is a measured and planned response to slowly accumulating debt. Individuals who suffer a career setback or other financial hardships may eventually determine that filing for personal bankruptcy is the best solution. They may time the...
Are retirement savings at risk in a Pennsylvania Chapter 7 case?
One of the reasons that people may delay or avoid filing for personal bankruptcy is concern about their future financial stability. They worry about what may happen when they lose their revolving lines or credit or have to liquidate some of their assets to repay their...
What is it like, rebuilding one’s financial life after bankruptcy?
Emerging from bankruptcy can feel like starting a new chapter, filled with challenges and opportunities. Bankruptcy, often seen as a last resort for those overwhelmed by debt, can be a powerful tool for those in need of a financial reset. This fresh start provides a...
PREIT filed for Chapter 11 Bankruptcy
PREIT, which is an acronym for Pennsylvania Real Estate Investment Trust, and is the owner of several malls in the Philadelphia PA and Southern New Jersey, filed for Chapter 11 bankruptcy in Delaware.
How long will someone make payments in a Chapter 13 bankruptcy?
Bankruptcy is not just for those with limited assets or income. There are different types of bankruptcy that can help people in a variety of different circumstances. Chapter 13 bankruptcy is accessible to even successful professionals
Medical debt can lead to bankruptcy, even for the insured
Health insurance often inspires a sense of security because it seems to offer a safety net for unexpected medical expenses. Some don’t realize that insurance doesn't always provide the comprehensive coverage they might expect. Even with health insurance, medical bills...
Protecting Inherited Property in Bankruptcy Even Before Receiving Deed
Can chapter 13 be used to save an inherited home from foreclosure when the deed has not yet been transferred to you? The answer is yes.
What assets can someone keep during a bankruptcy filing?
Thankfully, people can protect most or all of their property from sale during even Chapter 7 proceedings.