Bankruptcy Services

For a bankruptcy in Philadelphia or a New Jersey bankruptcy, you can rely on Reinherz & Reinherz for the personal contact and availability you need. Email us for a *free consultation* to decide if bankruptcy is the right option for you.

We will help with the paperwork, as well as:

• Foreclosures
• Bills
• Judgements
• Any other financial matters

Our services for Philadelphia bankruptcy or New Jersey bankruptcy are priced competitively and delivered personally by a single attorney who will work with you through the entire bankruptcy process, from start to finish, to make the bankruptcy process as easy as possible.

Bankruptcy Types

Despite the bankruptcy reform laws that went into effect in October 2005, bankruptcy is still an option for many folks seeking relief from various debts.

Chapter 7 Bankruptcy

A Chapter 7 Bankruptcy provides you a fresh start by wiping out or "discharging" your allowable debts.

Whether you should file a Chapter 7 bankruptcy will depend upon your circumstances. Your attorney will want to examine your debts, your assets, and your income, among other things, before you file.

A Trustee is appointed to take over your "non-exempt" property for the creditors, but most Chapter 7 debtors can keep most of their important property under the bankruptcy laws.

Bankruptcy is NOT right for every situation and your specific case will depend on your own circumstances. In October 2005, a new bankruptcy law went into effect which makes it more involved to file bankruptcy. There is a "means test" which a debtor must pass to determine if he/she qualifies for Chapter 7 bankruptcy or if they must pay back a portion of their debt. There are many other requirements as well.

Contact an attorney to learn more about a Chapter 7 Bankruptcy in Philadelphia or New Jersey.

Chapter 13 Bankruptcy

A Chapter 13 bankruptcy allows you to repay your debts over time in a "Plan" and usually keep your property.

Most commonly, debtors will file this type of bankruptcy to stop a foreclosure proceeding and repay mortgage arrearages. The Court will examine your budget and must approve your "Plan".  The new bankruptcy law requires some debtors to file Chapter 13 to repay their debts rather than Chapter 7, if there income is over a certain median level.

Please contact an attorney for more information about a Chapter 13 Bankruptcy in Philadelphia or New Jersey.

 

 

Our attorneys are proud to offer personalized attention and service for your Bankruptcy needs including Philadelphia Bankruptcy, Philly Bankruptcy, Delaware County Bankruptcy, Montgomery County Bankruptcy, Bucks County Bankruptcy, New Jersey Bankruptcy, Philly Bankruptcy, PA Bankruptcy, Camden Bankruptcy, Glassboro Bankruptcy, Sicklerville Bankruptcy, Gloucester Bankruptcy. We always offer competitive and reasonable fees, including payment plans for our Philadelphia Bankruptcy, Philly Bankruptcy, Delaware County Bankruptcy, Montgomery County Bankruptcy, Bucks County Bankruptcy, New Jersey Bankruptcy, Philly Bankruptcy, PA Bankruptcy, Camden Bankruptcy, Glassboro Bankruptcy, Sicklerville Bankruptcy, Gloucester Bankruptcy.

As required by the new bankruptcy law, Reinherz and Reinherz (David Reinherz, Esquire) is a "Debt Relief Agency" who helps people file for bankruptcy relief under the Bankruptcy Code.