Poconos Chapter 7 Lawyers

The Poconos Bankruptcy Lawyers at Newman Williams can assist you with a Chapter 7 Bankruptcy Filing in Stroudsburg, PA and the surrounding areas.

Chapter 7 Bankruptcy Lawyer Vincent Rubino

Bankruptcy was an accepted concept long before Newman, Williams, Mishkin, Corveleyn, Wolfe & Fareri, P.C., opened its doors in 1923. It was deemed wise to provide a safety vault for families mired in unpayable debt, to allow them back into the economy.

Difference Between Bankruptcy Chapter 7 and 13

Question: What is the difference between the different chapters of bankruptcy (Chapter 7, Chapter 11, etc.)?


Most individuals file under Chapter 7 or Chapter 13. Chapter 7 is designed for individuals with limited income and assets who wish to discharge unsecured debts, such as credit cards, personal loans, car loans/repossessions, and medical bills.

Chapter 13, which is a monthly payment plan used to repay some amount to creditors, may be used when the assets and/or income of the debtor(s) is/are in excess of what is permitted under Chapter 7.

Unsecured creditors are seldom entitled to full payment through a Chapter 13 plan, and in most cases receive only a small percentage of the amount owed. A Chapter 13 is often used to stop a foreclosure action, which can be done as late as the time of the Sheriff’s sale (although we prefer as much advance notice as possible), and cure a mortgage arrearage through the Court-administered payment plan.

Chapter 11 is primarily used for corporate reorganizations, and Chapter 12 is designed specifically for family farmers and fishermen who need to reorganize their debts.

Solving Serious Debt Problems With Consumer Bankruptcy

Today there are two common forms of bankruptcy relief, Chapter 7 and Chapter 13. Chapter 13 is sometimes called wage-earner bankruptcy. It seeks to stretch out payments so that they are achievable. Chapter 7 is referred to as liquidation bankruptcy. It is for people who are simply unable to pay their debt no matter how payments might be rescheduled.

Chapter 7 is an appealing option for people who have large amounts of unsecured debt such as credit card or medical bills. Very often, people seeking Chapter 7 protection have experienced downturns due to the economy, health problems or divorce.

Those who qualify for Chapter 7 are able to discharge their debts without any further obligation to creditors. The entire process can be completed in as little as six months.

Contact Our Stroudsburg Office To Discuss Discharging Your Unpayable Debt

Contact our office today to discuss your bankruptcy questions with a Stroudsburg, Pennsylvania, Chapter 7 bankruptcy attorney. We are available between 9 a.m. and 5 p.m. Monday through Friday and by appointment at other times.

You can reach our attorneys by phone at 570-421-9090, toll free at 800-506-0191 and via email to schedule a free initial consultation with a lawyer.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Stroudsburg PA Chapter 7 Bankruptcy Law

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