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The Law Offices of David M. Offen
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Can Refinancing Stop Foreclosure in Philadelphia? - Can Refinancing Stop Foreclosure in Philadelphia? from David M. Offen You may be able to stop the foreclosure process by refinancing your mortgage. Learn more about refinancing foreclosure in Philadelphia in this presentation. The post Can Refinancing Stop Foreclosure in Philadelphia? appeared first on The Law Offices of David M. Offen.

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What Not to Do Before Filing Bankruptcy - If you have made the decision to file for bankruptcy, you are likely eager to move forward as soon as possible. You know that bankruptcy provides a financial fresh start, and you are in a hurry to put your financial problems behind you. However, it is sometimes best to wait to file.  You should be aware of what not to do before filing bankruptcy. The reason is that bankruptcy courts look back at your financial activity over a period of time. The general overall lookback period is one year, but certain actions may be considered for a shorter or longer period of time. Once you make the decision to file, wait until enough time has elapsed if you have performed any of these actions. Move Assets Moving funds to someone else’s bank account, transferring vehicle titles, removing your name from bank accounts or business ventures, and deeding real estate to another person are just a few examples of asset moves that are looked upon unfavorably by the courts. These could result in a denia

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How Does Bankruptcy Work? A Beginner’s Guide - Many people ask the question of How Does Bankruptcy Work? Filing for bankruptcy is an honest and legal way to get out from under debt. It provides a chance to get a fresh financial start, and is shrouded in a great deal of myth and legend. If you are considering bankruptcy, you might feel overwhelmed, anxious, and unsure of where to begin. Here is what you need to know to decide whether bankruptcy is the best choice for you. How Does Bankruptcy Work? Bankruptcy in various forms has been a part of human society since ancient times. Its protection is particularly strong in the United States today, due to concerns about human rights and people being given a chance for a fresh start. Bankruptcy releases people from obligations that, due to unforeseen circumstances, they can no longer pay, and helps to ensure that they do not become effectively enslaved by predatory lenders. Of course, there are also laws in place to protect creditors and to ensure that people do not run up fraudulent deb

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Can I File Bankruptcy Twice? - File Bankruptcy Twice? What happens if I file bankruptcy twice? There is no legal limitation on the number of times you can file for bankruptcy. However, a certain period of time must elapse before a second (or third, etc.) bankruptcy can be discharged. How long you must wait depends on the type of bankruptcy you previously filed, the type that you want to file now, and the final disposition of your previous bankruptcy. You will want to know what happens before you file bankruptcy twice or more. Same Chapter Filings If your previous bankruptcy was a Chapter 7, and it was fully discharged, you cannot have another Chapter 7 bankruptcy discharged if it was filed less than 8 full years after your original bankruptcy’s filing date. Double check your filing date from your previous bankruptcy if you are not absolutely certain that 8 years have elapsed. If your previous bankruptcy was a fully discharged Chapter 13, you must wait 2 full years from your original filing date before filing for

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Questions to Answer Before Deciding in Favor of Bankruptcy - When bankruptcy becomes a “real” option in your mind, there are questions you need to answer. Doing so will allow you to learn more about the process, assess your situation, and help you make a final decision. There are a variety of questions to answer before deciding in favor of bankruptcy. These include but are not limited to; What are the benefits of filing for bankruptcy? What are the drawbacks of filing for bankruptcy? What type of bankruptcy filing is best for me? Chapter 7? Chapter 13? What is the process for getting started? How long does it take for the bankruptcy process to come to an end? Will I lose some or all of my property along the way? Is your spouse onboard with this idea? Have you considered other options, such as debt consolidation? Are you okay with the idea that bankruptcy will damage your credit? Will you file on your own or hire a bankruptcy attorney to guide you from beginning to end? These questions, among others, can help you better understand the ins an

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How to Talk About Bankruptcy with Your Spouse - bankruptcy If bankruptcy is on your mind, if you feel this could be the best way to improve your finances, there will come a point when you need to discuss the entire process with your spouse. Some couples make all financial decisions together. Others, however, don’t keep these lines of communication open. For this reason, one spouse may need to tell the other that bankruptcy is the best option for them at the present time. There is nothing simple about discussing bankruptcy with your spouse. In fact, this can be downright stressful. Here is the good thing: if you take the right approach, you can ensure that you and your spouse are on the same page moving forward. Here are three tips for discussing bankruptcy with your spouse: Focus on the future. While you need to look at the past to determine what happened, it is also important to look at what the future holds. What are the benefits of filing for bankruptcy? How will this change your financial situation forever? Don’t get mad. S

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Free Report: The Cost of Filing Chapter 13 Bankruptcy in Philadelphia - Paying for the Help of an Attorney and the Fees Associated with Chapter 13 Bankruptcy in Philadelphia is Part of the Process Click here to read the whole report or download the PDF.

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Free Report: A Budget After a Philadelphia Bankruptcy is a Great Idea - Once you consider the benefits of bankruptcy, you may soon realize this is the best thing you can do from a financial point of view. Click here to read the whole report or download the PDF. The post Free Report: A Budget After a Philadelphia Bankruptcy is a Great Idea appeared first on The Law Offices of David M. Offen.

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Five Things the Automatic Stay can Prevent - Many people contact us to learn more about bankruptcy, in particular the automatic stay. They want to know what this is, how it can help their situation, and whether or not they should move forward with filing. When you file for bankruptcy, the automatic stay goes into effect to stop any action by a creditor or collection agency. For example, this can stop a lender from foreclosing on your home, as well as any lawsuit against you. If you are unsure of what an automatic stay can prevent, consider the following: Foreclosure. As noted above, the automatic stay will stop foreclosure proceedings for the time being. This may only be temporary if you file for a Chapter 7 Bankruptcy or completely save the property if you file under Chapter 13 Bankruptcy, but it gives you enough time to figure things out. Utility disconnections. If you have fallen behind on a utility bill and are being threatened with a disconnection, the automatic stay will prevent this from happening for a minimum of 20 days

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Free Report: What to Expect During a Philadelphia Bankruptcy Consultation - Learning more about the bankruptcy process, including the pros and cons, often begins with a consultation with an attorney. Click here to read the whole report or download the PDF. The post Free Report: What to Expect During a Philadelphia Bankruptcy Consultation appeared first on The Law Offices of David M. Offen.
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