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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

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Top Bankruptcy Attorney Bryan Keenan Advises On Which Debts Are Discharged Under A Chapter 7 Filing - Pittsburgh, PA

Leading bankruptcy lawyer Bryan Keenan founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA advises that individuals struggling with mounting debt can seek relief through Chapter 7 bankruptcy. For more information please visit https://bryankeenanattorney.com

-- Bankruptcy attorney Bryan P. Keenan has revealed how a person boxed in by mounting debt can fight their way out of it by filing for a Chapter 7 bankruptcy.

For more information please visit https://bryankeenanattorney.com

The thorn in people's situations is the inability to manage their money actively, and to stay one step ahead of creditors when credit card debts, loans, and bills are rising faster than they can cope with.

The Founder of Bryan P. Keenan & Associates, PC said: "For some, the only solution is to consider filing for bankruptcy and to discharge their debts and achieve a fresh start without losing their assets.”

Typically, a person has a choice between filing for either a Chapter 7 or Chapter 13 bankruptcy.

In Chapter 7, a trustee will sell a debtor's non-exempt assets to repay creditors, whereas a person filing for Chapter 13 bankruptcy will repay creditors through a repayment plan over several years.

The attorney clarified that a Chapter 7 bankruptcy enables a person to discharge most of their debts. Looking at the most obvious debts, these include credit card, medical bills, and personal loans from family, friends, and employers.

"Debtors can also clear auto accident claims, business debts and even civil court judgments depending on the circumstances," said Attorney Keenan.

Additionally, the attorney stated that Chapter 7 debts also encompass collection agency accounts, prior utility balances, repossession balances, past-due rent, and money owed under lease agreements, as well as former tax penalties, unpaid taxes, attorneys' fees, social security overpayments, and veterans' assistance programs.

Chapter 7 bankruptcy filers will automatically receive a discharge at the end of their case. In Chapter 7, the court typically grants the discharge 60 days after a 341(a) Meeting of Creditors, and a discharge will be obtained approximately four months after filing a Chapter 7 petition.

He cautioned that timing is a critical part of filing. A pre-petition debt is an obligation incurred before the bankruptcy is filed. Therefore, a bankruptcy court typically discharges all qualifying pre-petition debt.

"However, any debts incurred after the filing date are considered post-petition debts. These debts are not included in the bankruptcy and must be paid. Only debts that arose before the Chapter 7 filing date are eligible for discharge."

The attorney also went on to point out the debts that are "non-dischargeable". These debts cannot be eliminated by Chapter 7.

There are 19 areas of non-dischargeable debt. These include alimony, child support and other debts arising from family support. Additionally, other non-dischargeable debts include many types of taxes, student loans, personal injury debts arising from a drunk-driving accident, court fines, criminal restitution or similar penalties, debts arising out of tax-advantaged retirement plans, and condo or cooperative housing fee debts.

Debts that result from fraud, theft, or embezzlement, and even debts that are not listed in a bankruptcy petition, are also classed as non-dischargeable.

Attorney Keenan advised that a person facing such financial difficulties with the types of debts mentioned should consult an experienced bankruptcy attorney to discuss a way forward.


Source: http://RecommendedExperts.biz

Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220,
Phone: 412-922-5116
Website: https://bryankeenanattorney.com

Release ID: 89172887

If you encounter any issues, discrepancies, or concerns regarding the content provided in this press release that require attention or if there is a need for a press release takedown, we kindly request that you notify us without delay at error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be available round-the-clock to address your concerns within 8 hours and take necessary actions to rectify any identified issues or guide you through the removal process. Ensuring accurate and reliable information is fundamental to our mission.

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