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Real Estate & Bankruptcy Law Philadelphia, PA

Real Estate & Financial Attorney Philadelphia, PA

Philadelphia, Pennsylvania, is the largest city in the state, as well as the 6th largest in the country. The population in 2019 was over 1.5 million people. Philadelphia is one of the oldest municipalities in the United States. William Penn, a Quaker, founded the city in 1682. It boasts many colleges and universities, making it a great study destination. It is also an anchor for culture and economics within the Delaware Valley.

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Real Estate Law Philadelphia, PA

There are many possibilities for how real estate can be categorized. The land or building can be owned by one single person, as in the case of a personal residence. In this case, the owner can either live there as their personal dwelling, or they can rent the building to another person or persons, and just manage the property as needed. Land or buildings can also be for commercial use, in which case a company would own the land. Land can also be passed between family members, through various ways, including estate planning. Land can also be owned by more than one person. If you need any help with any aspect of real estate or real estate law, please contact Mark Cherry Law!

Bankruptcy Law Philadelphia, PA

Thinking about filing for bankruptcy? Before you do, there are many things you will need to consider and understand. There are many “chapters” within bankruptcy law. One example of this is Chapter 9, or municipal bankruptcy. This type of bankruptcy allows protection for a financially distressed municipality, keeping creditors at bay while giving the municipality a chance to make payments on debt or refinance to lower payments or interest. One difference that Chapter 9 has from other chapters, is that nothing can be liquidized from the municipality and the proceeds given to creditors. If a municipal bankruptcy is something that is being considered, or any other type of bankruptcy, come see us at Mark Cherry Law for the professional help you need!

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Mark S. Cherry Law is a general practice law firm who specializes in wills, estates, personal injury, foreclosure prevention, business law, and real estate law. Contact us today!

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