Schimizzi Law, LLC
Phone: 724-972-4524
Toll Free:866-475-0816
Text Message: 724-454-6718

Is bankruptcy right for me?

When a hard-working Pennsylvanian like you finds yourself buried in debt so deep that you don't know how to get back on your feet, Schimizzi Law, LLC, is here to help. Filing for bankruptcy has a stigma surrounding it, but the truth is, it's a viable and sometimes even vital way of handling your debts.

First, know that there are two separate common options available to you: Chapter 13 bankruptcy, and Chapter 7 bankruptcy. Other types of bankruptcy exist as well, but these are the two that will most likely be applicable to your situation.

Chapter 13 is good option if you have a source of income, but just struggle to make ends meet with your current payment schedule. This is also known as "reorganization" bankruptcy. Rather than discharging your debts entirely, you're merely reorganizing them in a way that allows you to pay them off according to a new schedule.

Chapter 7 is sometimes known as liquidation bankruptcy. It's a good pick if you don't have a stable source of income but have large debts. This bankruptcy option will discharge your unsecured debts like medical bills. In exchange, items like your car or other valuable belongings may be sold to help pay off your debtor. It should be noted that secured debts like school loans will not be covered under this option.

Of the available bankruptcy options, it's up to you to decide which fits your current situation better. Gathering more information may help you come to a decision, so please feel free to visit the link to our web page on bankruptcy and look around.

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Keystone Commons
35 West Pittsburgh Street
Greensburg, PA 15601

Toll Free: 866-475-0816
Phone: 724-972-4524
Phone: 724-454-6718
Fax: 724-837-7868
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