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Read our blog articles on a variety of legal subject matters written by the experienced, proven, and trusted attorneys of Mooney Law. We are experienced in most practice areas of law within Pennsylvania, Maryland and beyond.

Petition To File For Bankruptcy

My Creditors are Suing Me! What can I do

Imagine this: after months of struggling to make ends meet amid a global pandemic, one day your county sheriff knocks on your door and serves you with legal papers. One or more of your creditors are suing you. They are no longer interested in working with you and want to be paid. The summons and […]

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Petition To File For Bankruptcy

How will Bankruptcy Impact my Credit Score (Part III)

First, you can read the first two parts here . . .  Part I  and Part II As we’ve seen, since merchants began allowing buyers to purchase on credit, the transactional relationship always favored the merchant.  That is, until 1971 when the FCRA was passed.  When you think about the long history of lending, then […]

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How will bankruptcy impact my credit score? (Part II)

“How will bankruptcy affect my credit score” continued….  In my last blog we covered the History of credit.  This portion of the series highlights the history of credit reporting.  Then using these 2 blogs, we have built the historical context of the credit reporting industry and can better understand how credit scoring works today (which […]

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How will bankruptcy impact my credit score?

I have been practicing bankruptcy law for over 22 years and one of the most frequently asked questions is: “how does bankruptcy affect my credit.”  The answer to this FAQ is individually specific.  So in order to answer this question globally, I am writing this series of blogs to provide insight into how credit ratings […]

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Chapter 13 Bankruptcy

The Hidden Cost of Delaying to File for Consumer Bankruptcy Protection

There are substantial hidden costs in delaying to file for consumer bankruptcy protection and we review those costs here in this article.  When a creditor threatens a debtor with an action to repossess property, debtors often turn to filing for bankruptcy protection. For debtors facing repossession, the decision whether or not to file for bankruptcy […]

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Petition To File For Bankruptcy

CARES Act (Coronavirus Act) and its Impact on Bankruptcy

CARES Act has made modification to the US Bankruptcy Code that makes changes for Chapter 7 and Chapter 13. See how it benefits you.

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Petition To File For Bankruptcy

Closure of “Non-Essential” Businesses Causing Increased Financial Strain – Is Bankruptcy Right for Me Amidst the Coronovirus Pandemic?

Pennsylvania Governor Tom Wolf has ordered the closure of “non-essential” business in the wake of exponential spread of Covid-19, also known as Coronovirus. Similar closures are happening in states across the country and the federal government is working to contain the dire economic impacts. Proposals include stimulus packages, increased unemployment benefits, tax relief, corporate bailouts, […]

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Chapter 13 Bankruptcy

Top Ten Reasons You May File Chapter 13 Instead of Chapter 7

When considering whether to file bankruptcy, there may be significant factors that determine whether  Chapter 13 or chapter 7 is best for you.  Personal bankruptcy generally consists of a liquidation chapter, otherwise known as Chapter 7.  It also includes Chapter 13, otherwise known as a  reorganization/repayment chapter.  The most significant analysis to be done for […]

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Petition To File For Bankruptcy

Can a Spouse File Bankruptcy Individually or Must Both Spouses File Jointly?

Can I file bankruptcy as an individual or must my spouse and I both file bankruptcy jointly?  It is a common question our firm hears when meeting with married couples.  The answer to the question is that a spouse may file bankruptcy either individually or jointly.  Determining whether to file individually or jointly is based […]

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