Bankruptcy     (215)-9222055   toll free (866)899-1387

Philadelphia Office- Bailey Building, 1218 Chestnut Street, Ste.405, Philadelphia, PA 19107

New Jersey Office- 1340 Chews Landing Road, Laurel Springs, NJ 08021 (We serve all of South Jersey and can meet with you in Gloucester County, Camden County, Burlington County, or Shore Areas)

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. We offer a free consultation to determine whether bankruptcy is right for you. We help with foreclosures, bills, judgements, and other financial issues. All of our clients receive personal attention from one of our attorneys, who will personally prepare the bankruptcy paperwork.

We Represent clients in Philadelphia Area Bankruptcy & New Jersey Bankruptcy

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 too.

Chapter 13 Bankruptcy

This type of 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.

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.