Bankruptcy is a Fresh Start
Seelinger Law Provides a Fresh Start when Filing for Bankruptcy
If filing for bankruptcy resulted in a person losing everything the debtor owned, with everything being sold to pay back creditors, the debtor would be forced back into debt to replace necessities, such as a home, a car, furniture, appliances, etc. Working with Seelinger Law allows the debtor to keep their assets while removing the obligation to pay back debts, to honestly have a fresh economic start in life when filing for bankruptcy. Our bankruptcy laws are intended to be a remedy for persons who have fallen heavily into debt, usually through no fault of their own. Among the leading causes of bankruptcy are large medical bills, loss of employment, and divorce.
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Choose Seelinger Law if You Decide to File for Bankruptcy
When you are having financial difficulty, it is all that you can think about. You have burning questions, and you want answers right away. Don’t worry – when you call Seelinger Law, your call will be promptly directed to a bankruptcy attorney. Seelinger Law has actual bankruptcy & consumer rights attorneys waiting to help you figure out your options at the other end of the phone.
The History of Bankruptcy
The problem of how to solve overwhelming debt has existed for thousands of years. In the Old Testament of the Bible, the Book of Deuteronomy, Israelites were commanded every seven years to forgive each other’s debts. However, history is replete with examples of debtors being treated as criminals, enslaved by creditors for their inability to repay debts.
America’s founding fathers included provisions for bankruptcy in our Constitution, authorizing Congress to enact bankruptcy laws, alongside the power to wage war and levy taxes. In that era, debtors in Great Britain were regarded as criminals, and failure to repay creditors would land a debtor in prison. “Debtors’ prison” was obviously not a reasonable way to get creditors paid, since a debtor could not earn money to pay back creditors while rotting in a jail cell. Imprisoning debtors served only to punish them, not to help creditors. Our founding fathers did not want the English tradition of Debtors’ Prison to be adopted in our new country.
What is Bankruptcy and How are We Protected?
The term “bankruptcy” originated with the Latin words bancus and ruptus, meaning bench and broken. Italian merchants worked from a table, or a bench, and unpaid creditors would put the debtor out of business by “breaking” his “bench,” seizing his assets to divide them among the creditors. According to Merriam Webster: bankruptcy is the status of a debtor who has been declared by judicial process to be unable to pay his or her debts. Note that the focus is on unable to pay debts and not unwilling. Our bankruptcy laws are intended to be a remedy when “life happens.” Among the leading causes of bankruptcy are large medical bills, loss of employment, and divorce.
Our federal bankruptcy laws place limits on who is eligible to obtain bankruptcy relief, but qualified persons are permitted to be released from their debts as a remedy, rather than being treated like criminals, and the law offers a fresh start to persons who would otherwise be unable to afford necessities and to enjoy the simple pleasures of life. Seelinger Law can help, and provide you with guidance when you need it most. The hardest part is picking up the phone – call now for your free consultation.
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5148 Peach Street, Suite 330
Erie, PA 16509
847 N. Main Street, Suite 003B
Meadville, PA 16335
4981 McKnight Road #101548
Pittsburgh, PA 15237