However, bankruptcy doesn’t have to be. With the right guidance, you can start looking at bankruptcy less as a sentence or a recrimination, and more like an opportunity. Bankruptcy should be considered a tool to get your affairs in order, reorganize and handle your debts, and start fresh with a second chance at financial freedom.
Attorney Christian DiCicco can offer that sort of guidance. For over a decade, Christian has helped thousands of clients through the bankruptcy process. Using his extensive legal knowledge and experience, he can easily navigate the complicated procedures and structures surrounding bankruptcy proceedings. He is also a fierce, compassionate advocate for his clients, and goes to work every day to fight for their rights and the best possible outcomes on their behalf.
There are many different types of bankruptcy and debt relief solutions, and Christian personally meets with each of his clients to figure out a custom plan that’s best for them. In addition, he believes in empowering his clients to keep as much of their normal life intact as possible, including fighting for them to keep their homes and businesses.
Christian DeCicco offers a wide variety of bankruptcy and financial reorganization services to the Philadelphia community. One of his main areas of focus is Chapter 7 Bankruptcy.
Sometimes called “straight bankruptcy”, “liquidation”, or “fresh start bankruptcy”, Chapter 7 Bankruptcy is what most people refer to when they refer to personal bankruptcy. Filing for Chapter 7 Bankruptcy allows individuals to wipe out most of their unsecured debts and start fresh. Debts that are dischargeable under Chapter 7 Bankruptcy include:
- Most credit card bills and fees
- Personal loans
- Collection agency accounts
- Medical bills
- Utility bills
- Dishonored checks
- Business debts
- Repossession fees and deficiency balances
- Back rent and money owed under a lease agreement
- Auto accident claims (except those involving drunk driving)
- Attorneys fees (except as part of alimony and child support awards)
- Some Civil Court judgements
- Tax penalties and some unpaid back taxes
- Social Security and Veteran’s Assistance loans and overpayments
Some types of debt are not dischargeable under Chapter 7, meaning they do not go away when you file. These include:
- Certain taxes
- Child support or alimony debt, as well as any debts owed to a former spouse that arose out of a divorce or separation and any attorneys fees awarded in child custody and support cases
- Court fines and penalties, including criminal restitution
- Fines and penalties owed to government agencies (local, state, or federal)
- Student loans (with some exceptions)
- Auto accident claims involving drunk driving.