Navigating the treacherous waters of financial distress is no easy feat, especially when legal intricacies are involved. For residents of Wilkes-Barre, Scranton, and Hazelton, finding a trusted ally in these difficult times is crucial. Enter Attorney C. Stephen Gurdin Jr. and Gurdin Law—a beacon of support that offers a lifeline through their FREE consultation service….
When legal challenges arise, having a local attorney by your side can make a significant difference in the outcome of your case. Local attorneys possess specialized knowledge about regional laws and regulations, which can be complex and vary widely from one area to another. Their practical experience and familiarity with local legal processes are invaluable…
The Federal Exemptions As Established By Congress The federal exemptions are found in section 522(b) of the Bankruptcy Code. The Debtor’s interest (value minus secured debt, as an example, if the debtor owns a house worth $50,000 subject to a mortgage of $50,000 the debtor’s interest is $10,000) in the following: (1) residential exemption: Real(such…
Reaffirming a debt means that the debtor agrees to be responsible for a debt that would otherwise be discharged. This procedure most frequently arises when a chapter 7 debtor has a secured vehicle loan. The loan agreement provides that if the debtor files for bankruptcy, that filing is a default and the lender can now…
A small business case is a Chapter 11 Small Business proceeding filed by a person engages in business activities other than owning or operating real property that has liquidated debts as of the filing date of not more than $3,024,725 as of February of 2024 and in which the Debtor has not elected subchapter V,…
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