Economic Realities of Montgomery and Berks County Foreclosures

Economic Realities of Montgomery and Berks County Foreclosures Areas like Pottstown and Reading, Pa. have hit hard times economically, and it has a direct effect on the number of foreclosures listed in those areas. In 2011, Reading had the largest percentage of residents living in poverty in the United States. Things have not gotten much […]

Protecting Animals in Bankruptcy

Protecting Animals in Bankruptcy Lets face it – a lot of people are facing economic difficulties today. Even though the employment rate has gone down significantly since 2009, the wage rate has not gone up as inflation has slowly crept up. This is especially true in Chester County, where the average price of a house […]

Protecting Your Vehicle in Bankruptcy

Protecting Your Vehicle in Bankruptcy Outside of a big city like Philadelphia, most people need a car. Most areas in Chester, Montgomery, and Berks County have subpar public transportation and no one wants to become a burden on family and friends. Losing your means of transportation affects your ability to maintain employment and complete basic […]

High Incomes in Chester and Montgomery Counties Can Cause Dangerous Tax Debt

High Incomes in Chester and Montgomery Counties Can Cause Dangerous Tax Debt Almost everyone has heard about wealthy individuals and celebrities filing bankruptcy, many times it is because of immense tax debt. These tax burdens are not limited to celebrities and multi-millionaires, these problems affect the upper middle class more than anyone else. Many times […]

Alternative Options to Getting Rid of House in Berks and Montgomery County

Alternative Options to Getting Rid of House in Berks and Montgomery County How To Eliminate Your Mortgage Burden Using Deed In Liu Or Chapter 7 Bankruptcy If you visit Zillow.com, you can see all of the houses for sale in any specific area. A quick search of Birdsboro, Douglassville, Gilbertsville, and Boyertown show a large […]

Are Taxes Dischargeable In Bankruptcy?

Are Taxes Dischargeable In Bankruptcy? The internet is littered with false information regarding discharging taxes through bankruptcy. It is very important that a qualified bankruptcy attorney properly advises you on specifics of discharging your taxes. This is complicated area of the law that requires a very specific analysis of type of taxes, age of the […]

I Have A Second Mortgage That I Can’t Pay.

I Have A Second Mortgage That I Can’t Pay. The real estate bubble in the mid-2000s created a unique situation where many homes are worth less than the combined mortgage balances. Home-equity loans are considered mortgages for the purpose of this article. This lack of equity in the home is known as being “underwater”. If […]

I Cannot Pay My Student Loans!

I Cannot Pay My Student Loans! Student loans are a major problem that continues to worsen. Because of the willingness of lenders to underwrite excessive amounts of student loan debt and the willingness of the federal government to insure these loans, the cost of education continues to increase without limits because the flow of borrowed […]