Bankruptcy Alternatives-Debt Modification

Pennsylvania Bankruptcy Attorney | Bucks County Lawyer

Waking up every day to face what seems like insurmountable debt can wreak havoc on you and your family. Financial stress takes an emotional toll on everyone, and the longer it goes on, the more hopeless it may seem. If you are living with ever-increasing debt and have neither the income nor the outside resources needed to make progress on your payments, Pennsylvania bankruptcy attorney John M. Kenney can help you explore alternatives to bankruptcy.

Bankruptcy Alternatives

In some cases, rather than file for bankruptcy, you may be able to renegotiate the terms of various loans and bills. Because many consumers are not aware of this option, they often miss opportunities that could have helped them avoid bankruptcy. These opportunities can include:

• Loan modifications
• Reduced rates on utility bills
• Extended payment plans for medical bills.

Taking advantage of one or more of these debt relief options would keep bankruptcy off your records and protect your credit rating from further damage.

Getting Started on Your Debt Modification Plan

It’s very difficult to focus your energies on creating and adhering to a debt reduction plan when you have collection agencies calling several times a day and unpaid bills piling up on your kitchen table. Bucks County lawyer John M. Kenney can help you move past the fear and into action by creating a debt modification plan that is custom-tailored to fit your income, priorities and lifestyle. Some of the factors he will take into account are:

• Your age
• Your income
• Your dependents
• Your assets
• The total amount of your combined debt

Stop the Harassment without Filing for Bankruptcy

If you are struggling under a mountain of debt, you are more than likely familiar with collection agency harassment tactics. What you may not know is that there is a limit to how far collection agencies can go in their attempts to collect on a debt. For example, it is illegal for debt collectors to:

• Represent themselves as attorneys or government representatives when they are not
• Falsely declare that you have committed a crime
• Publish a list of names of people who refuse to pay their debts
• Use obscene or profane language

If collection agencies are harassing you, an attorney who understands the federal Fair Debt Collection Practices Act (FDCPA) can make them stop – and even sue them, in some cases, for the harm they may have caused you. Attorney John M. Kenney has been practicing bankruptcy law since 1983 and has extensive experience protecting his clients from unfair debt collection practices.

Bankruptcy Help When You Need It

If debt modification is not an option for you and you have decided to file for bankruptcy, Mr. Kenney can advise you about the types of bankruptcy available to you. He will help you navigate the bankruptcy process, from proposing a reasonable repayment plan to committing to a repayment schedule to demonstrating the income needed to make your monthly payments. He works with clients throughout Bucks County, Montgomery County, and Philadelphia County, Pennsylvania as well as in Mercer County, New Jersey and Burlington County, New Jersey, and has obtained favorable outcomes in countless bankruptcy cases.

Pennsylvania bankruptcy lawyer John M. Kenney offers free consultations and personal service. He will take the time to answer all of your questions and treat your case as a top priority.

For a free consultation about bankruptcy alternatives and debt modification plans, please call (215) 547-3031, email jmk@jkenneylaw.com, or fill out and submit our online “Contact Us” form.