M. Eisen & Associates PC

When an individual files for and enters into bankruptcy, that information is not blasted across headlines. Neither is it fodder for the tabloids. The only way anyone will know about it is if you choose to tell them, or they decide to go digging through the records of the bankruptcy court.

What does insolvency mean? It means an individual is completely unable to pay back debts. This can be from too little income, a sudden change in financial situation, or an inability to pay bills on time to creditors.

We recognize that it can be difficult to break the spending and saving habits that led to your need for a bankruptcy in the first place. Taking classes on the wise use of credit and effective budgeting strategies can help you begin the task of unlearning some of your worst financial habits.

Personal bankruptcy is considered by many to lead to a host of family problems but the reality is that this might actually be a solution that will remedy some major financial problems.

Contrary to what you may have heard, alimony and child support do not stop when you file for bankruptcy. A debtor is required to remain current on all domestic support obligations.

Sometimes bankruptcy seems to be the only way out. If you ultimately have to file, you can have peace of mind knowing that once the process is complete, you can work toward rebuilding your financial health.

One of the biggest benefits of individual bankruptcy is the ability to liquidate virtually all of your unsecured debts, such as credit cards and some loans. Your creditors can object to having their debt eliminated, but in most cases, unlike fraud was involved that usually isn’t successful.

Who will know that you have filed for bankruptcy? Since bankruptcy filings are public, anyone can access court records regarding your case. Moreover, your creditors and co-debtors are also informed about it through a direct written notice.

From consultation through completion, M. Eisen & Associates PC provides clients with the expert counsel and representation they need to obtain the financial fresh start they've been dreaming of! Give us a call today - (412) 367-9005. https://bit.ly/35rGQLl

A visit with a professional specializing in bankruptcy is the best first step. He or she will assess your situation, let you know if bankruptcy is the right option for you, and will discuss which chapter is the most appropriate.