Question 1

Where do I file for bankruptcy in Erie, Pennsylvania?

Accepted Answer

You must file your bankruptcy case in the United States Bankruptcy Court for the Western District of Pennsylvania - Erie Division. The courthouse is located at the U.S. Bankruptcy Court, U.S. Courthouse, Room B160, 17 South Park Row, Erie, PA 16501. You can also contact the courthouse at (814)464-9740.

Question 2

Where can I get bankruptcy forms in Erie, Pennsylvania?

Accepted Answer

You can download the bankruptcy forms from the United States Bankruptcy Court for the Western District of Pennsylvania's website. For local forms: https://www.pawb.uscourts.gov/local-forms For national forms: https://www.uscourts.gov/forms/bankruptcy-forms For miscellaneous forms: https://www.pawb.uscourts.gov/miscellaneous-forms

Question 3

Will your bankruptcy show on your credit report even after your case in Erie is closed?

Accepted Answer

Yes, your bankruptcy will show on your credit report if your case in Erie has already been closed. A Chapter 7 bankruptcy will reflect on your credit report for 10 years from the date that the case was filed, while a Chapter 13 bankruptcy will show on your credit report for seven years.

Question 4

Can you file for bankruptcy again if you have a previous bankruptcy case in Erie?

Accepted Answer

Yes, you can file for bankruptcy again if you have a previous bankruptcy case in Erie. However, there are certain time restrictions before you can file another bankruptcy case. For instance, if you filed for Chapter 7 bankruptcy before, you must wait eight years from the filing date of your previous case before you can file another Chapter 7 bankruptcy. Meanwhile, there are no time restrictions for filing another Chapter 13 bankruptcy case.

Question 5

How long does a Chapter 7 bankruptcy case take in Erie?

Accepted Answer

Most Chapter 7 bankruptcy cases in Erie take four to six months to settle. The Court issues a Discharge Order notifying the debtor that their case is closed and that the debts are discharged. Having a competent bankruptcy attorney can ensure that the case will be settled immediately and avoid legal hurdles throughout the process.

Question 6

What are the advantages of a Chapter 11 bankruptcy for business owners in Erie?

Accepted Answer

A Chapter 11 bankruptcy is most suitable for businesses that are established as a partnership, sole proprietorship, or corporation in Erie. Under Chapter 11 bankruptcy, business owners are still allowed to continue to operate their businesses while the creditors are voting on the reorganization plan. Chapter 11 bankruptcies also allow business owners to pay creditors over time, discharge some of their debts, recover assets, and terminate contracts and leases once the Court approves the reorganization plan.

Question 7

What are your alternatives to a Chapter 7 bankruptcy in Erie?

Accepted Answer

If you are facing a serious risk that your asset would be sold or liquated in a Chapter 7 bankruptcy in Erie, you may file for Chapter 13 bankruptcy instead. A Chapter 13 bankruptcy allows you to obtain a reorganization or a debt payment plan that enables you to pay your mortgage over three to five years and prevent you from losing your home. Consult with your bankruptcy attorney to evaluate your circumstances and determine which type of bankruptcy is more applicable to you.

Question 8

What does a bankruptcy attorney do?

Accepted Answer

Bankruptcy attorneys help clients understand whether they qualify for bankruptcy and what their best options are. They also prepare and file petitions, answer questions during the proceedings, and educate clients about potential best steps for a positive bankruptcy outcome. Bankruptcy attorneys might also file motions or paperwork if creditors dispute the bankruptcy, or to stop creditors from taking collections actions forbidden by the bankruptcy.

Question 9

What happens when you file bankruptcy?

Accepted Answer

Bankruptcy is a formal process that individuals, married couples, or businesses can enact when they are no longer able to pay creditors. In a bankruptcy proceeding, filers are allowed to reduce debt to more manageable levels to best pay off money owed.

Once the bankruptcy process is initiated, debt collectors can no longer seek repayments outside of the arrangements detailed in the bankruptcy settlement. Some forms of bankruptcy result in the liquidation of assets to pay back debts, while others allow filers to retain most of their possessions and investments. Many types of unsecured debt can be managed with bankruptcy filings, but not all.

Question 10

Can you file bankruptcy on student loans?

Accepted Answer

Under most circumstances, student loans aren't dischargeable and aren't included in bankruptcy proceedings. In rare cases, it may be possible to eliminate student loans through bankruptcy, but only if the courts determine that continuing to pay the loans would impose an undue hardship. Meeting the criteria for undue hardship is challenging, and most bankruptcy filers don't qualify.

Question 11

What is bankruptcy fraud?

Accepted Answer

Bankruptcy fraud is a blanket term that refers to any kind of dishonest bankruptcy proceeding, which can include:

Hiding assets by transferring them to another person or entity
Intentionally omitting assets when reporting to the court
Destroying or withholding required documents
Knowingly making false statements to bankruptcy trustees or creditors

Question 12

How long is bankruptcy on public record?

Accepted Answer

How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.

Question 13

Does bankruptcy clear tax debt?

Accepted Answer

Bankruptcy can clear tax debt, depending on the circumstances. Taxes are dischargeable under Chapter 7 bankruptcy, not Chapter 13, and only if the tax debt is:

Federal income tax debt related to current properly filed tax returns
Honestly incurred with no fraud or evasion
At least three years old
Assessed at least 240 days before bankruptcy filings

Existing liens are not eliminated with bankruptcy.

Question 14

Can they take my car in Chapter 7 bankruptcy?

Accepted Answer

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

Question 15

How bad is it to file bankruptcy twice?

Accepted Answer

Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.

Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.

Question 16

Can anyone file bankruptcy?

Accepted Answer

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

Question 17

How will bankruptcy affect my credit score?

Accepted Answer

Bankruptcies are noted on credit reports. How much a bankruptcy might drop a person's credit score depends on how high the score was to begin with, but generally speaking, the hit can be as much as 100 to 200 points. Often scores are already dropping because people filing for bankruptcy may have already missed payments on debts. Chapter 13 bankruptcies are listed on credit reports for seven years from the filing date, while Chapter 7 bankruptcies are listed for 10 years from the filing date. This is because Chapter 13 bankruptcies require at least partial payment of debts owed.

Question 18

What are the benefits of filing for bankruptcy?

Accepted Answer

Filing a bankruptcy petition causes an automatic stay. This legally stops creditors from taking further action to collect debt, including garnishing wages or foreclosing on property. Going through a bankruptcy successfully means that debts included in the bankruptcy are discharged and don't have to be paid back, except as provided in a Chapter 13 repayment plan. Bankruptcy can help someone recover from financial duress so they can make better decisions and improve financial situations in the future. Disadvantages can include temporary lower credit scores and limitations on spending and financing.

Question 19

What's the difference between debt settlement and bankruptcy?

Accepted Answer

Debt settlement occurs when people negotiate with individual creditors. The creditor agrees to take a payment that's lower than what someone owes and call the debt “paid in full.” Bankruptcy is a legal process that causes debts to be dismissed after someone proves they don't currently have the means to pay their debts as owed. Typically, someone can't enter into bankruptcy and also settle some debts, because the court would see that as favoring one creditor over another.

Attorney Names	Bar Status	Experience
Gregory Grasinger - Associate	Active	11 yrs
John Melaragno - Partner	Active	26 yrs

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Frequently Asked Questions

Where do I file for bankruptcy in Erie, Pennsylvania?

Where can I get bankruptcy forms in Erie, Pennsylvania?

Will your bankruptcy show on your credit report even after your case in Erie is closed?

Can you file for bankruptcy again if you have a previous bankruptcy case in Erie?

How long does a Chapter 7 bankruptcy case take in Erie?

What are the advantages of a Chapter 11 bankruptcy for business owners in Erie?

What are your alternatives to a Chapter 7 bankruptcy in Erie?