Student Loan Programs Ending: Are Borrowers Able to Pay? After May 1, 2022, the pause on federal student loan payments and interest will come to an end. This student loan program went into effect to assist individuals financially affected by the Covid-19 pandemic, and it has been extended multiple times to account for the pandemic’s dynamic nature. As the pandemic has significantly improved in recent months, the federal government has concluded loan payments will resume, but the question now is how prepared will students be when this program expires? The overall financial impact of the pandemi ..read more

A Breakdown of the Bankruptcy Petition What is a bankruptcy petition, exactly? Find out from noted Philadelphia bankruptcy attorney David M. Offen what a bankruptcy petition is and how it works in the bankruptcy process. If you are researching bankruptcy petitions online, you are likely considering filing bankruptcy and want to know more about it. An educated debtor is a successful debtor. Find out even more about your options considering your unique financial situation by scheduling your free, no-obligation consultation with the Law Offices of David M. Offen. Call (215) 625-9600   and le ..read more

What Does the Bankruptcy Trustee Investigate? Every person considering filing Chapter 13 bankruptcy or Chapter 7 bankruptcy is concerned about running afoul of the Trustee. You’ve probably heard that the Trustee has the power to seize your assets or dismiss your case. This is true, under certain circumstances. Learn from noted Philadelphia bankruptcy lawyer David M. Offen who the bankruptcy Trustee is, what their duties are, how and when you and your attorney interact with the Trustee, and how your bankruptcy lawyer helps you navigate the bankruptcy process and provide everything the Trustee r ..read more

If you are struggling financially, you are likely researching your options. Should you try debt consolidation or file bankruptcy? Both options have pros and cons, which Philadelphia bankruptcy lawyer David M. Offen will explain in depth. If you have further questions, call the Law Offices of David M. Offen at (215) 789-4749 for your free, no-obligation consultation to discuss how your unique financial situation might best be solved. Debt Consolidation Explained Debt consolidation is the term used when an individual’s debts are compiled and then paid off over time, usually by a company providin ..read more

If you are considering filing Chapter 13 bankruptcy or have filed and are having trouble making your Chapter 13 plan payments, Philadelphia bankruptcy lawyer David M. Offen explains what a Chapter 13 hardship discharge is, when you can get a hardship discharge, and what debts a hardship discharge does and does not include. If you are wondering whether you can afford to file chapter 13 bankruptcy or what happens if you suddenly cannot afford your plan payments, call the Law Offices of David M. Offen at (215) 789-4749. We will discuss your options during your free, no-obligation debt consultatio ..read more

Can You Pay Off Chapter 13 Bankruptcy Early? If you are reorganizing your debt using Chapter 13 bankruptcy, or wondering what happens if you do file Chapter 13 bankruptcy but your income increases, or you are suddenly and unexpectedly able to pay off your plan early, this is the article for you. Noted Philadelphia bankruptcy lawyer David M. Offen explains how Chapter 13 works and what happens if your disposable income changes while you are in your Chapter 13 plan. If you are considering filing Chapter 13 bankruptcy, give us a call at (215) 789-4749. Your initial consultation is free of charge ..read more

What is a deed in lieu of foreclosure? Can you execute a deed in lieu of foreclosure after Chapter 7 discharge? Is a deed in lieu of foreclosure a good thing or a bad thing? Find out from noted Philadelphia bankruptcy and foreclosure lawyer David M. Offen. If you are facing foreclosure or fear foreclosure is imminent because you have not paid your mortgage, you are not alone. Many homeowners find that through no fault of their own, their mortgages became unaffordable.  Call us at (215) 789-4749 for your free, no-obligation consultation. We have helped thousands of clients solve their fina ..read more

How a Deficiency Judgment Works in Pennsylvania Are you subject to a deficiency judgment in PA? Learn from a top Philadelphia bankruptcy lawyer what a deficiency judgment is, how a deficiency judgment is created, the limits on deficiency judgments in Pennsylvania, how Pennsylvania law limits collecting on deficiency judgments, and how you can get rid of deficiency judgments. If you are having financial difficulties and find you must also pay a deficiency judgment, call us to discuss your situation – free of charge! We can help. Deficiency Judgments Explained A deficiency judgment is a creation ..read more

The Pennsylvania Statute of Limitations on Debt Collection Did you know that in PA, your creditors have only a certain amount of time to try to collect a past-due debt from you? Your creditors are not legally permitted to pursue you forever for debt. Find out from an experienced Philadelphia bankruptcy lawyer how long your creditors have to try to collect debts from you, when the statute of limitations begins and how it gets restarted, what debts fall under PA’s statute of limitations, what to do when the statute of limitations runs out and creditors try to collect from you, and how to solve y ..read more

Converting from Chapter 13 Bankruptcy to Chapter 7 There are instances where someone who files Chapter 13 bankruptcy should or must convert to a Chapter 7, and the bankruptcy process allows for this. This article explains why converting a Chapter 13 to a Chapter 7 happens and how. If you are contemplating either Chapter 13 or Chapter 7 bankruptcy, give our experienced Philadelphia bankruptcy lawyers a call. We assess your particular financial situation and advise you as to your options – free of charge! Chapter 13 Bankruptcy The primary feature of Chapter 13 bankruptcy is your three- or five-y ..read more