Types of Bankruptcy Available in Stroudsburg PA

Fisher & Fisher Law Offices have represented many bankruptcy clients in Stroudsburg, PA in the Poconos for the past 3 decades. Our Stroudsburg bankruptcy and foreclosure attorneys handle three types of bankruptcy cases and are often able to stop foreclosure on your home. The 3 main types of bankruptcy are fairly well known, but perhaps no so well understood by many people. These are

Chapter 7 Bankruptcy – Chapter 11 Bankruptcy – Chapter 13 Bankruptcy

Each of these types of Bankruptcy are outlined and more fully described in the following paragraphs.

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Chapter 7 Bankruptcy Help for Stroudsburg Foreclosure Clients

The most important goal for Stroudsburg residents who file for Chapter 7 Bankruptcy is to free themselves of debt through a bankruptcy discharge. Many Chapter 7 proceedings are able to “wipe out” all of the following: credit card debts, judgments, personal loans, unpaid bills, and delinquency after car repossession. Although Stroudsburg businesses normally do not receive a discharge in these cases, corporations and partnerships may use a Chapter 7 Bankruptcy filing to liquidate and close their business. Read more about and call Fisher & Fisher Law Offices in Stroudsburg today. Stop the painful cycle of debt left by your Poconos foreclosure.

Chapter 11 Bankruptcy Help for Stroudsburg Businesses

Stroudsburg corporations, partnerships, and sole proprietors wishing to remain in business and reorganize their financial affairs may file for Chapter 11 Bankruptcy. These business are generally trying to restructure their debts by one of two methods: reducing their debt or extending the time allotted to repay the debts. A Chapter 11 Bankruptcy plan may also be used in order to liquidate a debtor’s assets, whether it be all or just a portion of them. If you are having troubles with your Stroudsburg business finances, competent, experienced bankruptcy help is available here

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Chapter 13 Bankruptcy Helps to Stop Monroe County Tax Foreclosure in Stroudsburg

In Chapter 13 Bankruptcy cases, Stroudsburg individuals with regular sources of dependable income can often reorganize their finances. The debtor proposes a repayment plan to payback some, or all of their debt. During the time of the structured repayment plan, creditors can’t continue with any collection efforts. These normally might include foreclosure on a Stroudsburg home or repossession of a vehicle. Many Chapter 13 Bankruptcy plans are able to cut Stroudsburg mortgage tax averages and stop foreclosures or tax sales of client’s homes. It must be noted, that only individuals and business sole proprietors are eligible for a Chapter 13 filing. This is also usually simpler and considerably less expensive than a Chapter 11 Bankruptcy filing. Fisher & Fisher Law Offices is glad to assist its clients by way of the legal bankruptcy code for those facing Stroudsburg, PA tax foreclosure.

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We are a debt relief agency. We help people file for relief under the bankruptcy code.