Your Guide to a Personal Bankruptcy Attorney in Meyersdale Borough
April 15, 2025
Financial struggles can feel overwhelming, but you don’t have to face them alone. If you’re considering bankruptcy in Meyersdale Borough, a personal bankruptcy attorney in Meyersdale Borough can provide the legal guidance and support you need. Whether you’re dealing with medical bills, credit card debt, or the threat of foreclosure, understanding your options is the first step toward financial relief.
Why Hire a Personal Bankruptcy Attorney in Meyersdale Borough?
Filing for bankruptcy is a complex legal process with long-term financial implications. A bankruptcy attorney helps by:
- Evaluating your situation – Determining if Chapter 7 (liquidation) or Chapter 13 (repayment plan) is right for you.
- Protecting your assets – Pennsylvania offers exemptions for homes, cars, and essential property.
- Stopping creditor harassment – An attorney can halt wage garnishment, collection calls, and lawsuits.
Without legal guidance, you risk making costly mistakes, such as losing property or having your case dismissed.
Chapter 7 vs. Chapter 13: Advice From a Meyersdale Bankruptcy Attorney
Chapter 7 Bankruptcy (Liquidation)
- Best for: Those with limited income and high unsecured debt (credit cards, medical bills).
- Process: Most debts are discharged within 3–6 months, but non-exempt assets may be sold.
- PA Exemptions: Protects up to $42,450 in home equity and necessary personal items.
Chapter 13 Bankruptcy (Repayment Plan)
- Best for: Homeowners or those with steady income who want to keep assets.
- Process: A 3–5 year repayment plan is created, often reducing debt while saving your home.
A personal bankruptcy attorney in Meyersdale Borough can help determine which option aligns with your financial goals.
How to Choose the Right Bankruptcy Attorney in Meyersdale
Not all lawyers are the same. When searching for a bankruptcy attorney, consider:
- Local Experience – Knowledge of Meyersdale courts and trustees.
- Transparent Fees – Affordable payment plans or flat-rate options.
- Client Reviews – Success stories from past clients.
Take the First Step Toward Financial Freedom
If debt is controlling your life, a personal bankruptcy attorney in Meyersdale Borough can help you regain control. At the Law Office of Donald S. Goldbloom, we provide compassionate guidance tailored to your unique situation.
Contact us today for a consultation and take the first step toward a fresh financial start!
Discover the 5 benefits of hiring a Chapter 13 Bankruptcy Lawyer in Cumberland MD. Goldbloom Donald S offers expert bankruptcy law attorneys in Cumberland MD.
Contact Donald S. Goldbloom in Cumberland, MD, for expert guidance on Chapter 7 Bankruptcy. Start your journey to financial freedom today!
Below is very recent news from CNBC regarding trends in Student Loan Debt, published on May 4, 2022. In this article you can see the official US Government's web site, explaining many of the programs. You can look to the right under the word, " here " under the "read more" link to get this link. We can chat about what options most suit you.
Education Department forgives loans of more than 110,000 people in public service You will see in this thorough article produced by CNBC on May 4, 2022. It outlines how many of you can find a niche for student loan relief. Since some programs may end, you should strive to stay current and have a consultation if you have any questions. The link to the article is found in the "read more" section to the right, marked " here : "
You can click on a June 15, 2015 article, entitled What 2015 Graduates Are Saying About Student Loans by Susannah Snider , US News and World Report. It gives a snapshot of this year's graduating college students' hopes, fears, and possible solutions to student loan debt. We can assist with many of the options mentioned. We are local, someone you can trust. Most people think that since student loans are rarely discharged in bankruptcy, there is no hope for relief. This is far from the truth. If you have extensive credit card debt or other unsecured debt, by clearing that debt in bankruptcy, you may free up enough money with a reduced budget to pay towards the student loans. Your income drop may be severe, and yet there is still hope. Many people do not realize that there are many non-bankruptcy options for significantly reducing a student debt burden, through forbearance programs, some debt forgiveness relief, debt combination strategies, and loan payments based on income. Each person's situation is different, and by no means can relief be guaranteed. In many instances, though, a consultation regarding student loan debt relief will give you great benefit. There is no need to travel to the big city to be plugged into the resources that will guide you to student loan relief.
A lot of people find themselves surrounded by consumer debt, including high interest credit card bills, as well as high mortgage payments, and student loan payments. With so much debt, it may seem impossible to manage it, much less to ever be able to save money. A recent report from thesimpledollar.com reveals that the average American household has $7281.00 in credit card debt. This number includes many households who have no credit card debt at all. If the households with no credit card debt are excluded, and only those households with credit card debt are included, the household average for credit card raises to $15,609.00. Bankruptcy is only one of many options. We also offer non-bankruptcy debt relief strategies. For modest debt we can make a referral to a reputable non-profit organization to assist with budgeting feasible monthly payments. Additionally, we can often negotiate "workout" settlements for an amount considerably less than the full debt, though there are some tax consequences. Sometimes, we may represent you in court if you feel, for example, your debt is unjust, wrongfully being collected, garnished, or calculated incorrectly. For larger debt and to avoid adverse tax consequences, bankruptcy may be your best plan. To avoid foreclosure, we can refer you to reputable non-profit agencies that can assist with a loan modification package, or in some cases we can assist by filing a chapter 13 bankruptcy. While discharging student loan debt is rare in bankruptcy, there are a multitude of relief options for possibly lowering your student loan obligation. At the Law Office of Donald S. Goldbloom, we assist clients who are struggling to manage debt. Our representation includes matters relating to debt-relief including bankruptcy, referrals regarding loan modification, student loan matters, debt negotiation/settlement, and court representation for those being sued by their creditors. If you are in a situation where you can no longer manage your debt yourself, give us a call at 301-895-5240 to see what we can do to help you.