Owning and operating a small business in Pennsylvania is not easy, and there are times when some businesses accumulate a large amount of debt. Like personal debt, business debt can lead to many inconveniences, including calls from creditors, repossession of assets and more. If you are a small business owner and your company is dealing with debt problems, you may consider the benefits of bankruptcy.
Raising a child can be an expensive venture. Often, Pennsylvania families with the luxury of two incomes struggle to pay the mortgage, pay the car note, buy groceries and pay for all of the extras that come with providing for a child. This struggle is aggravated when a single parent is attempting to do the same but with only one income. Along with the numerous other benefits, child support assists with meeting the basic needs of one's child.
As the bills continue to arrive, decisions regarding which ones to pay must be made. Depending upon circumstances, the Pennsylvania resident must decide between either paying the mortgage or buying groceries. Sometimes the decision is whether to pay the car note or buy gas. When the debt burden becomes too much and one must make these kinds of decisions, relief can often be found through Chapter 7 bankruptcy.