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Bankruptcy Attorney

Bankruptcy Lawyer in Philadelphia

Discover Your Options to Get Rid of Overwhelming Debt

No one should have to live under the shadow of a serious financial crisis. Each day is full of stress, and every purchase can cause a panic attack. Get rid of your debt and start breathing freely again with the help of Eugene A. Camposano, Attorney at Law in Philadelphia.

Why trust us with your bankruptcy case?

  • Eugene Camposano has been helping individuals and businesses resolve debt issues since 1994.
  • We explore the benefits of bankruptcy and alternatives.
  • We have multiple offices for your convenience.
  • Everything we do is geared towards your complete satisfaction.

Please do not feel any shame to have fallen into a poor financial situation. Bankruptcy can happen to anyone, especially when the unexpected strikes, like job loss, severe illness, or a natural disaster. Instead, find the strength to lift your head up and look for a way out by coming to us.

Call (610) 813-2140 to get started with a no-cost case consultation.

Chapter 7 or Chapter 13: What to Choose?

Bankruptcy filings done by an individual generally fall into one of two main types of bankruptcy: Chapter 7 or Chapter 13. Each of these bankruptcy chapters have great benefits that can help you find your way out of debt, but one will fit your situation better than the other. It is our goal to get you pointed in the right direction by first deciding what bankruptcy makes the most sense based on the unique details of your case.

What you should know about:

  • Chapter 7: Sometimes called liquidation bankruptcy, Chapter 7 aims to discharge as much unsecured debt as possible, meaning all of it might be discharged in some situations. However, you must first pass a “means test” to see if you even qualify for Chapter 7 based on your average income. Furthermore, if you have nonexempt property, creditors may be able to collect or make claims to your nonexempt property when you file. Chapter 7 bankruptcy is usually the best option for truly overwhelming debt that cannot be controlled. If Chapter 7 is not the best option, many times Chapter 13 will be the solution to debt problems.
  • Chapter 13: If your debt is overwhelming but could be controllable with some modifications, then Chapter 13 bankruptcy may work. In this chapter, your debts will be minimized before that new debt amount is structured in a repayment plan. Across three to five years, you make an honest effort to meet the repayment plan’s requirements. Afterwards, if any unsecured debt remains, it will likely be discharged. This chapter is a great compromise between the debtor and creditor. Many times, Chapter 13 is a great way to stop a mortgage foreclosure or sheriff sale and help you save your home.

Trust in Us to Do What is Best for You – Call (610) 813-2140

Sorting through the details of bankruptcy law is not fun, and it is certainly not simple. Rather than trying to go through this alone, let our bankruptcy lawyer in Philly be your guide. When things get tough, Attorney Camposano can even act as your representative, committed to protecting your best interests through and through.

To begin, use an online contact form today. Someone from our team will reach out to you as soon as we can.