Lansdale, PA -- (SBWIRE) -- 12/27/2018 -- Tadross Law is prepared to help clients in the Philadelphia and Lansdale regions file for Chapter 7 and Chapter 13 bankruptcy in the new year. Filing for bankruptcy is complex, and an individual may have difficulty determining which option is best for his or her situation. The law firm is dedicated to finding the right solution for every client and offers a free consultation to discuss the client's debt in greater detail.
Many individuals across America deal with debt that they have difficulty paying off. Tadross Law understands that situations like job loss, medical issues, and death are common reasons for loss of income, making it hard to make payments. The law firm is here to help people get a fresh start, which is why bankruptcy laws were put into place.
Chapter 7 gives debtors who are unable to pay their bills a fresh start. If found appropriate, a judge will sign off and wipe out most general unsecured debts such as credit cards and medical bills without the need to pay back balances through a repayment plan. Most personal property is exempt from repossession, meaning individuals will be allowed to keep them after filing.
Unlike a Chapter 7, during a Chapter 13 filing, the law firm would submit a detailed plan to the Court outlining an individual's repayment plan to creditors. The plan will go into detail about the proposed length of repayment and amount of repayment. Chapter 13 allows debtors to reduce the payments on cars and other secured debt, making them affordable for the individual. It also gives debtors the opportunity to catch up on child support and unpaid taxes.
Tadross Law knows that everyone's situation is different. The law firm will carefully evaluate an individual's options when they're dealing with serious, long-term financial problems to help clients get back on the right track.
For anyone who is seeking Chapter 7 or Chapter 13 bankruptcy assistance, please visit http://tadrosslaw.com/ for more information. To speak with an attorney directly, please call 267-218-9776.
About Tadross Law
Tadross Law was founded with the goal of helping clients across the Greater Philadelphia area with their legal needs, whether in the form of litigation or transactional issues. This law office is well-versed when it comes to IRS tax matters, general civil litigations, and transactional matters, and takes pride in offering affordable flat rates instead of billing clients by the hour. Individuals who need assistance surviving debt and financial insecurity can find refuge with Tadross Law.
To learn more about Tadross Law, please visit http://tadrosslaw.com/ or call 215-500-5000 if in Philadelphia or 267-643-1415 if in Lansdale, PA.
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