The question is whether or not you should file for bankruptcy when unemployed is one that comes up time after time. For some, there is no better option. For others, it is best to hold off for as long as possible. Learn more about bankruptcy in Philadelphia in this presentation.

1. “The question of whether or not you should file for
bankruptcy when unemployed is one that comes up
time after time. For some, there is no better option.
For others, it is best to hold off for as long as possible.”
SHOULD YOU FILE FOR
BANKRUPTCY
IN PHILADELPHIA
WHEN UNEMPLOYED?
DAVID M. OFFEN
PHILADELPHIA BANKRUPTCY ATTORNEY

2. Should You File for Bankruptcy in Philadelphia When Unemployed? www.getfreeofbills.com
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Going through a stretch of unemployment can be extremely stressful. Like
many, this will have a negative impact on your finances as well as your
personal life. As a result, you may begin to consider all your options,
including bankruptcy.
If you are weighed down by debt before losing your job, there is a good
chance things will get worse if you are out of work. Some are able to fight
through this, eventually landing a job and getting back on their feet.
Others, however, continue to struggle and are willing to do whatever it
takes to ease the pain.

3. Should You File for Bankruptcy in Philadelphia When Unemployed? www.getfreeofbills.com
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The question of whether or not you should file for bankruptcy when
unemployed is one that comes up time after time. For some, there is no
better option. For others, it is best to hold off for as long as possible.
Are you Seeking Employment?
The answer to
this question will
go a long way in
helping you
decide what to do
next. If you have
property with
which you can
pay creditors,
and you have no
reason to believe you will find a job in the near future, it may be time to
move forward with bankruptcy.
Also, if you have no assets, you may want to proceed with filing. This way,
if you finally decide to file for bankruptcy you can wipe your slate clean of
all your debts which are dischargeable.
Getting a Job after Filing for Bankruptcy

4. Should You File for Bankruptcy in Philadelphia When Unemployed? www.getfreeofbills.com
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Just because you don’t have any job prospects lined up doesn’t mean
things will remain this way indefinitely. There is a chance you could file for
bankruptcy and
then get a job.
If you file for
Chapter 7 and
then find a job,
this does not
typically lead to a
denial of
discharge. With
Chapter 13, things are treated differently. Generally you need to have
regular income to file for bankruptcy. If you know you are going to start
working in the near future, you should discuss with your attorney if it is
best to file chapter 13 now or wait until you have additional income.
Should you Wait?
You should discuss your current situation with your lawyer as well as what
you expect your situation will be. Depending on your circumstances if may
be best to proceed with a chapter 7 now. In some cases involving Chapter
13, you may want to proceed now if you need relief from your debts, or
wait until your have more income. A qualified Bankruptcy attorney can

5. Should You File for Bankruptcy in Philadelphia When Unemployed? www.getfreeofbills.com
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advise what is best for you in your situation; If you have a lump sum of
money you can request that your attorney do the following;
Negotiate with creditors, as many will agree to a settlement.
Creditors know that receiving some money through a settlement is
better than receiving no money if you file for bankruptcy.
Some people immediately think about bankruptcy if they are unemployed
and facing a mountain of debt. The final decision is yours. You should
compare the pros and cons of filing for bankruptcy in your situation when
unemployed, only making a decision when you are 100 percent confident
in what you are doing.

6. Should You File for Bankruptcy in Philadelphia When Unemployed? www.getfreeofbills.com
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There are people who have benefited from filing for bankruptcy while
unemployed. There are also those who have avoided filing for bankruptcy
while unemployed. As long as you know what you are doing and having
the right answers to your questions, you can move forward in the
appropriate manner.

7. Should You File for Bankruptcy in Philadelphia When Unemployed? www.getfreeofbills.com
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About the Author
David M. Offen
A native to the Philadelphia area, Mr. Offen attended Temple University College and Law
School. Mr. Offen is licensed to practice in the States of Pennsylvania and New Jersey. He is a
member of the Eastern District of Pennsylvania Bankruptcy Conference and the National
Association of Consumer Bankruptcy Attorneys.
David M. Offen has over 20 years of experience and has helped over 8,500 individuals and
families go through the Bankruptcy process. These filings have included stopping foreclosure on
a home, stopping repossession of a car or vehicle, stopping IRS tax levies and frozen bank
accounts and putting a stop to; lawsuits, credit card bills, personal loan, bills, utility shutoffs
and other types of debt.
With Mr. Offen’s help, these families have saved countless millions of dollars of debt.
David enjoys getting to know his clients and will be happy to answer any and all questions you
may have. You are treated as a person and not a number.
Remember – there is no such thing as a silly question. Don’t be afraid to ask any questions you
may have. David M. Offen has found that people looking to file Bankruptcy are not trying to
avoid their responsibilities but rather to make a difficult situation easier. David enjoys getting
people to stop worrying and making their financial lives much better and stop feeling
overwhelmed.
In some cases, Bankruptcy is not the best move and he can review your situation with you and
tell you the right move for you to make. Get a completely free evaluation of your situation. For
the past 20 years, the Law Offices of David M. Offen has been among the top filers of
bankruptcy in the Eastern District of Pennsylvania.
The Law Offices of David M. Offen
215-625-9600
www.getfreeofbills.com
The Curtis Center
601 Walnut Street, Suite 160 West – 1st Floor
Philadelphia, PA 19106