Bankruptcy is an opportunity to start with a fresh, sometimes clean slate. However, it is not without consequences, and it’s not always necessary to file bankruptcy to move forward. One common question we often receive is, what happens when I declare bankruptcy? Often, the ripples resonating from bankruptcy can affect your financial life for many years after you file. Bankruptcy is always a last resort, but it might not be your only option. Thus, before filing bankruptcy in Pennsylvania, it is advisable to go over your options with a consumer law attorney. In particular, you will want to investigate whether there are violations of the Fair Credit Reporting Act or Fair Debt Collections Practices Act that are unduly pushing you towards filing bankruptcy.
Continue reading What Happens When I Declare Bankruptcy? →