BUCKS COUNTY BANKRUPTCY LAWYER

AREAS OF PRACTICE

BUCKS COUNTY BANKRUPTCY - PRACTICE AREAS

How We Have Helped Our Bankruptcy Clients

Are you drowning in debt? Do you want to stop foreclosure on your home? Do you want a brighter financial future? With over 20 years of experience in bankruptcy, Michael Schwartz can help you accomplish your financial goals.

The Law Office of Michael Schwartz aims to offer top-quality legal services to assist in restoring your financial well-being. We will help walk you through the bankruptcy process and demystify the complex world of bankruptcy laws.

Through our Chapter 7 and Chapter 13 bankruptcy counseling service, we can review your financial situation and recommend the right solution for you. During your first meeting, we will talk about bankruptcy choices, like Chapter 7 and Chapter 13, and their pros and cons. We will discuss all of your options including bankruptcy, debt settlement programs,yourr credit report and credit counseling.

Michael Schwartz, with over 20 years of experience, will suggest bankruptcy and debt settlement options for people in Bucks County, Delaware County, Montgomery County and the entire Philadelphia region. We will help you to make the decision that is right for you.

Depending on the bankruptcy type, filing for bankruptcy may be a valuable tool to assist in resolving a variety of financial situations and eventually improving your credit score.

Here are a few examples where the Law Office of Michael Schwartz has helped a client using bankruptcy.

Mortgage Foreclosure - during the pandemic, a client lost his job and could not pay his mortgage for many months. He believed that the mortgage company would simply add the arrears to the end of his loan, but when he applied for a loan modification, the lender denied him.

The mortgage company then filed a foreclosure action. We filed a chapter 13 bankruptcy case for him to stop the foreclosure. This type of bankruptcy allowed him to begin making regular monthly payments again. We set up a payment plan through the bankruptcy case so that he could cure the arrears over a five you payment arrangement.

Stop a sheriff sale - a client was about to lose his home at a Bucks County sheriff sale. She had fallen behind in her mortgage payments after losing a job. She couldn't get a loan modification because she didn't have a job for a long time and didn't earn enough money.

The mortgage company filed for foreclosure and scheduled a sheriff sale.

She desperately wanted to keep her house because of her children. She could afford the mortgage payments with her new job. However, she didn't have enough money to pay off the arrears all at once.

Michael Schwartz filed a chapter 13 bankruptcy case to stop the sheriff sale. After the case was filed, the mortgage company started taking monthly payments. The chapter 13 plan arranged payments to fix the missed payments over five years.

Frozen bank account - a client’s bank account was frozen due to a judgment against him from several years ago. He could not access the funds in his account and needed to pay his rent. In addition to this judgment, he had other debts from credit cards, personal loans and medical bills totalling over $25,000.

The Law Office of Michael Schwartz assisted him to gain access to the funds in his account by filing a chapter 7 bankruptcy. Within a few days, he was able to pay his rent. Bankruptcy cleared all his debts, like credit cards, loans, and medical bills, without needing to pay them back. He was given the fresh start that he needed.

IRS debt - a client had an IRS lien of over $100,000 from an old business. He also had over $50,000 in credit card debt. He had a good job, but couldn't keep up with payments on his credit cards and IRS plan.

Bucks County bankruptcy lawyer, Michael Schwartz, filed a chapter 13 bankruptcy on his behalf. The Bankruptcy Court approved a plan to consolidate the debt with a manageable payment based on what he could afford to pay. In three years, all of his debt will be discharged.

Michael Schwartz is a bankruptcy lawyer in Bucks County. He has helped people stay on their credit with Chapter 7 and Chapter 13 bankruptcy for 20+ years.

He has three offices to serve you located in Southampton, Perkasie and Havertown, PA. Schedule a free consultation with Michael Schwartz to review your options in bankruptcy. Call Michael Schwartz today to get started.