PHILIP W. STOCK
Your Bankruptcy Lawyer
CALL (570) 420-0500
Address:
Philip W. Stock
Attorney at Law
706 Monroe Street
Stroudsburg, PA 18360
Google map

(Serving Stroudsburg, Mount Pocono, Brodheadsville
and neighboring areas.)
FREQUENTLY ASKED QUESTIONS
  • Q.    I filed Chapter 7 almost six years ago, can I file again?
  • A.    No. You must wait 8 years after a previous Chapter 7 to file a new Chapter 7.
  • Q.    How long does the bankruptcy stay on my credit report?
  • A.    The filing of the bankruptcy remains on your credit report for 10 years.
  • Q.    Can I keep my home?
  • A.    Yes. In a Chapter 7 bankruptcy, you can keep your home as long as you are current with your mortgage payments and do not have substantial excess equity in your home. Many individuals file a Chapter 13 bankruptcy because they are behind with their mortgage payments, but want to keep their home. In this type of bankruptcy, the mortgage arrearage is put into a Chapter 13 Plan so that they can catch up with the arrearage and save their home.
  • Q.    Are all debts discharged in a bankruptcy?
  • A.    No. Not all debts are dischargeable. For example, spousal and child support, school loans, income taxes and vehicle violations are, normally, nondischargeable.
  • Q.    How long does the bankruptcy process take?
  • A.    Once the Petition is filed, the Trustee meeting is, normally, held within six weeks. An Order of Discharge is issued, approximately, 60 days after attending the Trustee meeting.
  • Q.    If I forget to add a creditor, do I still get a discharge of the debt?
  • A.    If you discover the debt prior to receiving your discharge, you are required to amend your Petition to add that creditor so that the creditor can receive notice. If you discover a creditor after you receive a discharge and complete your case, normally, that debt is still discharged since, your bankruptcy results in a discharge of all debts that existed prior to the filing of the bankruptcy.
  • Q.    If I live in New York or New Jersey, can I file a bankruptcy in Pennsylvania?
  • A.    You can file a bankruptcy in either the state that you reside or a state in which you own a principal asset.
  • Q.    Does overtime count when annual income is calculated?
  • A.    Yes.
  • Q.    If my spouse is not filing the bankruptcy with me, does my spouse's income count?
  • A.    Yes. When considering whether or not an individual qualifies for a bankruptcy, the total household income must be calculated. Total household income includes the spouse's income, as well as others who reside in the household.
  • Q.    Must I include all of my creditors in the bankruptcy?
  • A.    Yes. All creditors must be included.
Address:
Philip W. Stock
Attorney at Law
706 Monroe Street
Stroudsburg, PA 18360
Google map

(Serving Stroudsburg, Mount Pocono, Brodheadsville
and neighboring areas.)