Bucks Chapter 7 Bankruptcy Attorney, William D. Schroeder, Jr. Announces Bankruptcy Services

Colmar, PA – April, 2016 –  William D. Schroeder, Jr., Attorney at Law, has over 30 years of experience assisting Bucks County clients through Chapter 7, Chapter 11, and Chapter 13 bankruptcy proceedings, and can provide clients with expert legal advice and services.

Misinformation is one of the biggest dangers to both financial planning and bankruptcy filings. With these following myths exposed, applicants across Pennsylvania should have an easier time getting the help they need.
Myth 1 – Bankruptcy means losing my house and car.

In reality, there are exemptions in place to cover your residence, car, household furnishings and your “tools of trade.”  Only excessive and multiple houses/cars would potentially be surrendered.

Myth 2 – Medical bills cannot be discharged.

Myth two is that is what hospitals want patients to think.  Medical bills are among the leading causes of bankruptcy filings, and are frequently included in bankruptcy proceedings.  Medical, doctor and hospital bills can all be discharged.

Myth 3 – Bankruptcy precludes receiving credit.

While a bankruptcy will be on your credit report for up to ten years, you will still be able to obtain credit.  Mr. Schroeder has referral sources who will provide regular, market rate loans in as little as two years after filing.

Myth 4 – An individual can only file bankruptcy once.

Bankruptcy has restrictions, but it is far from a one-time affair. Depending on circumstances, a person could file again in as few as two to eight years.

Myth 5 – Chapter 13 means “payment in full.”

Chapter 13 generally involves more repayment than other options, like Chapter 11, but it is usually less than full repayment. In many cases, the amount paid is substantially reduced.
For more information regarding Bucks Chapter 7 bankruptcy, and for expert legal advice and options, contact the law offices of William D. Schroeder, Jr., Attorney at Law.

About William D. Schroeder, Jr., Attorney at Law  

With over 30 years of service in the Bucks County area, William D. Schroeder, Jr., has a reputation as an expert Chapter 7, Chapter 11, and Chapter 13 bankruptcy attorney.  William D. Schroeder, Jr., Attorney at Law is available to all Pennsylvania-area resident facing financial hardships.
For consultations please contact (215) 822-2728 or visit www.jrlaw.org.