Chapter 13 bankruptcy is one of the most common kinds filed by private individuals. In this bankruptcy plan, the debtor is obligated to pay back some of their debts over the course of 3-5 years, based on a structured payment plan approved by a bankruptcy court. Exemptions are extremely important to the Chapter 13 process, […]

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Filing a Chapter 13 bankruptcy can be confusing and many people are unsure what to expect.  William D Schroeder, Jr., a Chapter 13 bankruptcy attorney in Philadelphia answers the top questions about bankruptcy. When should I think about hiring a bankruptcy attorney? When bills start piling up and it gets harder to know what to do […]

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A Philadelphia Bankruptcy Lawyer continues to speak concerning some of the bankruptcy questions posed in last week’s blog.  What property do I lose when I file a bankruptcy?  The official answer is “It depends.”  The unofficial answer as a Philadelphia bankruptcy lawyer and as my clients have so often found:”Nothing”.  Each person’s case is fact […]

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Today I spoke to the Philadelphia area Plymouth Meeting Chapter of BNI on the topic of Bankruptcy, chapters 7 and 13 what is this all about.  40 people were in attendance and as a bankruptcy practitioner I am always interested in hearing from people and the questions they have concerning bankruptcy in general and its […]

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The Treasury Department and IRS have adopted rules and regulations addressing aggressive hospital bill collection brought by nonprofit hospitals.  Previously uninsured patients would be billed at the full, ‘rack rate’ posted by the hospital.  If you had insurance, the insurance company received a big discount from the hospital when it paid its bill.  Most often, […]

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Chapter 13 stops mortgage foreclosures, sheriff sales and the tax man.  Chapter 13 filing is the ideal form of bankruptcy to file for individuals who have the ability to pay off their debt over time at a reduced rate. Although originally designed to help individuals, chapter 13 can also help self-employed, small businesses through difficult […]

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While going through bankruptcy it’s normal to feel a spectrum of emotions about your situation; but there is no need to feel angry, sad, or even frustrated. At the law office of William D. Schroeder Jr., we want to eliminate the misconceptions surrounding bankruptcy – it does not have to mean losing everything. As a […]

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Home foreclosure can be extremely stressful, especially when you have to deal with it on your own. For this reason alone it would be beneficial to work with a bankruptcy attorney. Philadelphia and Montgomery residents will find that the services of William D. Schroeder, Jr. law firmmay help prevent the loss of your home. If […]

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I am sitting here reading a letter I received today from Wells Fargo Home Mortgage and its mortgage modification program.  I have filed a chapter 13 bankruptcy for my client who lives in Willow Grove.  They have no interest in keeping their house because of certain circumstances.  We have never asked Wells Fargo Home Mortgage […]

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Those going through a difficult financial period may consider the option of filing for a chapter 13 bankruptcy. One of the leading reasons many Americans choose to file chapter 13 as opposed to other bankruptcy chapters under the law is that it enables debtors to protect their property assets during the filing and ensures only […]

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