Cherry Hill Bankruptcy Blog

As the Philadelphia Union Enjoys Success in Chester PA, the City of Chester Struggles

The City of Chester is home to the Philadelphia Union soccer team. Thanks to the outstanding play of goalie Andre Blake, a great defense and lots of scoring, the Philadelphia Union have advanced to the Eastern Conference Finals. Unfortunately, the Stadium and a nearby Casino have done little to boost the financial fortunes of Chester Pennsylvania.

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Can bankruptcy help with student loans?

It should be noted that Chapter 7 and Chapter 13 bankruptcy doesn’t generally discharge Student loan debt, although there are exceptions for Undue Hardship. In addition bankruptcy can impact certain private student loans. Chapter 13 can also be used to hold off on student loan collection during the five year chapter 13 plan. 

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Trenton Laundromat Closes and files Chapter 7 Bankruptcy

Undoubtedly the Pandemic hitting just one year after formation had a major impact on the Laundromat. Although both individuals and companies can file a Chapter 7 bankruptcy, there are generally more issues in a Chapter 7. For one, with a business there is often assets to be liquidated. When an individual files bankruptcy, no assets are typically sold because individuals are allowed to exempt (protect) a lot of their assets.

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