Helping you find debt relief
When mounting debt begins to feel unmanageable, bankruptcy can provide relief. At Sposto Law Offices, PC, attorney Ernest A. Sposto helps you decide whether filing for bankruptcy is the most effective way for you to take control of your debt.

Negotiators of debt relief options
Bankruptcy is not your only option for managing extensive debt. Experienced negotiator attorney Sposto routinely work with creditors to develop out-of-court solutions that avoid bankruptcy. Frequently, the firm can negotiate a smaller debt amount payable in more manageable monthly installments. 

Debt analysis assistance
Sposto Law Offices, PC has been assisting people with overwhelming debts for 15 years. The firm analyzes your case to determine if bankruptcy will advance your immediate and long-term financial goals. The firm also reviews your debts, income and expenses, and explains the full effects of bankruptcy on your family, business, homeownership and access to credit. If bankruptcy is the right choice, attorney Sposto will provide detailed information about the bankruptcy process and a complete picture of the outcome you should expect. His upfront approach to bankruptcy gives you confidence in your financial future.

Reprieve through automatic stay
Filing a bankruptcy petition automatically triggers a stay, meaning creditors must immediately stop collection efforts, including letters and phone calls. Attorney Ernest A. Sposto corresponds with your creditors from the moment you file for bankruptcy and acts entirely on your behalf.

Your bankruptcy options

Chapter 7 bankruptcy
Chapter 7 bankruptcy is available to individuals and businesses looking to quickly and simply resolve debts. Provided you pass the court’s means test, Chapter 7 bankruptcy grants you relief from debts through the liquidation of your assets. Because many household and personal items are exempt, you can make a fresh start with limited disruption to your life.

Chapter 11 bankruptcy
For corporations, partnerships and sole proprietorships, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan.

Chapter 13 bankruptcy
An option for families facing foreclosure or for those with higher incomes, Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan extending three to five years. This option provides numerous advantages, including the possibility of keeping your home.

Contact an experienced bankruptcy attorney in Pennsylvania
Call Sposto Law Offices, PC  at 570-340-1556 or contact the firm online to schedule your bankruptcy consultation.