Life After Bankruptcy

We are bankruptcy attorneys we have office located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 Bankruptcy.

ARE YOU CONSIDERING BANKRUPTCY

Many people find themselves feeling unworthy, depressed or frightened when considering going through a bankruptcy.  People who experience this process are always worrying about how to take care of their debts.  Bankruptcy should be looked at as a way to move forward, and get things back on the right financial track.  There are many reasons that people get off the right financial track, job loss, divorce and medical expenses are just a few.  You should not feel unworthy, depressed or frightened at this experience, bankruptcy does not mean that you are a bad person, just that you are a good person in a bad financial situation.  In bankruptcy you can discharge all of your unsecured debts and get the fresh financial start you are looking for.

I as author of this blog and just a regular working person I have had to go through this experience myself in the past.  This was a result of the most common kind, job loss and medical debt.  Once I made the decision to file for bankruptcy I felt a great relief as before that I really did not know much about bankruptcy, or even that it existed as a financial option, as this was many years ago.  But the decision was the right one for my household.  I did use the Law Office of Keegan & Andrade as my representation at that time.  My bankruptcy went through easily and I have since been able to restore my credit rating higher than it has probably ever been.  Bankruptcy will not ruin your credit, but may actually improve your credit and the creditors may be more likely to extend you credit after bankruptcy because they know you cannot file again for another 8 years.

HOW TO REBUILD CREDIT AFTER BANKRUPTCY

The main objective to rebuilding your credit after bankruptcy is to pay all debts that you have reaffirmed on time.  Also any new debt that you incur you should also pay this on time and not allow any debt to go into collection.  Follow these rules and before you know it you will be able to obtain more credit.

Of course you do want to wait a while before you go out and try to get new credit which turns into debt.  Why would you want to create debt anyway when you just went through a process of getting rid of debt and you cannot do it again for another 8 years.  It is best to live on the cash that you make and not credit.  There is nothing wrong with living on what you make, that is called living within your means.  When you start buying things on credit you are basically living above your means.  If you can't pay for it with cash, do you really need it?  These are the important questions you have to ask yourself.

This looks very nice, but can you really afford to go?

MORE INFORMATION

For more information check out our website at www.middletown-bankruptcy.com or www.keeganandrade.com

FREE CONSULTATION

Do not let the media and other sources make you feel unworthy when you decide bankruptcy is the only way out of your current financial situation.

At our office you can have a free consultation to sit down with an experienced bankruptcy attorney to discuss your options.

Contact your Eastgate, Ohio or Middletown, Ohio bankruptcy attorney today to see if bankruptcy is the answer to your financial worries.

Bankruptcy

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 bankruptcy filings.

BANKRUPTCY

People often shudder at the mention of the word bankruptcy.  From fears for growing debt to worrying that they'll no longer be able to provide for their families, people have good reasons to be scared.  If this scares you, or you are experiencing this living horror, then this advise will be of use to you.

Alot of people find themselves needing to file bankruptcy, when they are unable to pay their bills.  If this sounds familiar, you should contact our office for your free consultation.  At this consultation the attorney will go over your individual case to see if bankruptcy is the solution for you, this is not something you just want to jump into.  Many people are frightened by bankruptcy and for good reason.  Filing for bankruptcy can be a very stressful and fearful experience, that is why it is important that you hire the right attorney for you.  Our office offers over 20 years of experience, we will treat you as a person and not just a number or a dollar sign.

There is no reason to stress over your debt.  Bankruptcy is designed to give you a fresh financial start.  Once you even just put down a retainer at this office you will then be able to have your creditors contact our office and we will let them know your plans for filing for bankruptcy.  This will slow down the phone calls that you have to take, which will reduce your stress level.  Many people feel immediate relief as soon as they retain this office and have made the decision to file for bankruptcy.

When Should I File?

Most do not have a choice of when will I file for bankruptcy protection.  But, you should not file if you feel that you will need to incur more debt in the near future, as then you will just be back in the same boat.  Medical debt is the main reason for bankruptcy filings in the United States.  If you have an ongoing medical condition that will cause you to continue to incur medical debt, you should wait as long as you can to file because as of the date your bankruptcy if filed no debts incurred afterwards can be included in your case.

If you are struggling with credit card debt and decide to retain this office to file for bankruptcy protection you must stop using your cards immediately.  The good thing is you can also stop making your monthly payments on your credit cards as well, this will give you a better cash flow in your budget.

There is light at the end of the tunnel.  You can get a fresh financial start.

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

FREE CONSULTATION

Contact our Eastgate, Ohio Bankruptcy or Middletown, Ohio attorney today for your free consultation.  At this consultation the attorney can advise if bankruptcy is the right step for you!  We offer the free consultation, a small retainer fee and monthly payment plans!

Bankruptcy & Divorce

We are bankruptcy attorneys we have offices located in Eastgate, OH and Middletown, Ohio. We specialize in chapter 7 bankruptcy and chapter 13 bankruptcy.

It's not uncommon for someone to file for bankruptcy after a divorce. You or your ex-spouse may not be able to keep up with payments on credit cards and other debts on a single salary. It happens, and it's a legitimate reason to look for relief through bankruptcy.

Money is a big stress factor in many relationships. Sometimes a couple that has money problems will think that the answer to their problems is divorce. Each spouse is likely to believe that the other is mostly responsible for the couple's money problems. This belief may or may not be true. One thing is true, you can divorce your spouse, but you can't divorce the debts incurred during your marriage.

When either party contemplates bankruptcy, one consideration is the timing of the filing and whether the parties should file a joint bankruptcy before or during the divorce, or an individual bankruptcy before, during, or after the divorce. Your creditors are not part of the divorce, and the family court cannot alter, modify or revise the contract between debtors and their creditors.  Any joint debt discharged by one party will leave the other party solely liable, exposed to collection efforts and law suits, and will often force the other spouse to repay or file bankruptcy.

Both spouses are responsible for the debts incurred during the time of the marriage. Your divorce settlement will divide up the debts, assigning responsibility for some to one spouse and some to the other. But that divorce settlement is between you and your ex-spouse. It doesn't bind the creditor, who can collect the debt from either one of you. This means if your ex-spouse doesn't pay his or her share of the debts, the creditor can come after you for payment.

HOW CAN I GET STARTED?

Call our office today and set up your free consultation with our Attorney’s. Here you will discuss which chapter of bankruptcy is best for you.

Bankruptcy can mean different things to different debtors. There are several types of bankruptcy chapters provided under the U.S. Bankruptcy Code, each with its own rules and procedures.

The most common filings for bankruptcy are chapter 7 and chapter 13. Chapter 7 will wipe out all your unsecured debt (credit cards, medical fees, utilities, etc.). You can also keep your house and vehicle in chapter 7, as long as your current on payments. Chapter 7 is a straight bankruptcy, referred to as a liquidation bankruptcy. This will stop all collection proceedings including phone calls, mailings, garnishments and court proceedings. As many as 65% of consumer bankruptcy filings in the U.S. are chapter 7. Under a Chapter 7, any debt incurred to a spouse or former spouse that is incurred during a divorce by agreement, decree or court order is not dischargable.  If any assets are recovered, these debts are paid before most of the other debts.

Chapter 13 is a repayment plan. It is referred to as a wage earner. You must have a reliable source of income so that you can repay all or a portion of your debt. Chapter 13 will stop a foreclosure or repossession as well. It is designed to help you retain your home or vehicle if your behind. You will repay 1% to 100% of your unsecured debt, depending on the individuals situation. This will last a minimum of three years and maximum of five years. During this time it will be up to the creditors to file claim in order to be paid during the case.  Under a Chapter 13, the debtor may receive a discharge from obligations incurred as part of the divorce if certain conditions are met.

HOW CAN I GET BACK ON TRACK?

Once you have fully discharged, rebuilding can sometimes seem like an overwhelming task. But it’s important to realize that there is life after bankruptcy. Repaying your existing bills as agreed will be one of the single, most powerful things you can do to restore your finances and your credit. You will be surprised at the credit offers you will receive once you have finished the bankruptcy process

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or at www.middletown-bankruptcy.com

FREE CONSULTATION

Contact our office today in Eastgate, Ohio or Middletown, Ohio your free consultation to see if bankruptcy will give you the financial relief you are looking for.

Bankruptcy Information

We are a bankruptcy firm we have offices located located in Eastgate, Ohio and Middletown, Ohio.

What is bankruptcy? Bankruptcy is a process in which consumers and businesses can eliminate or re-pay some or all of their debts under the federal protection of the bankruptcy code. Basically there are two types of bankruptcy available for the consumer; Chapter 7 and Chapter 13.

CHAPTER 7 BANKRUPTCY

Chapter 7 is designed to clear off or discharge all of your unsecured debt. This will give you a fresh financial start. Creditors can no longer collect on debts by mail, telephone calls or court proceedings. If there were secured items that you wish to keep such as your home or vehicle you would re-sign on these items under a reaffirmation agreement.

A reaffirmation agreement is a bankruptcy document that you would sign to reaffirm debts that you do not want to discharge through your case. The debts that are re-signed on will report to the credit reporting agencies and help to re-build your credit.

Chapter 7 is also referred to as a "liquidation bankruptcy" because the  trustee may take and sell or liquidate some of your property to pay back some of your debt. However, you will be able to keep most if not all of your property due to the protection of the bankruptcy exemptions. These include such things as your home, vehicle, cash on hand, jewelry, household items, retirement plans, and most other assets. The exemptions vary so you should contact our Eastgate, Ohio bankruptcy firm for further details.

Are you eligible for a Chapter 7. Not everyone can qualify for Chapter 7, there are several factors to consider, but most can qualify. Contact our office today for your free consultation to see if you qualify for Chapter 7.

CHAPTER 13 BANKRUPTCY

Chapter 13 Bankruptcy is also referred to as a "wage earner" plan because in order to file for Chapter 13 protection you must have a reliable source of income so that you can repay all or a portion of your debt,

In Chapter 13 you will pay back a percentage of your unsecured debts, this can range from 1% to 100% depending on your individual situation. Chapter 13  can also stop a foreclosure action and a vehicle repossession and allow you to make up your missed payments through the chapter 13 plan.

If you file for Chapter 13 be prepared to be in the case for a minimum of 3 years and a maximum of 5 years. It will be up to the creditors to file a claim in order to be paid during this case. During this time period you will repay a percentage of your unsecured debts, your secured debts and any missed payments you had on your house or vehicle. At the end you will receive a discharge as to all remaining debt.

Chapter 13 can stop a foreclosure or a repossession of a vehicle.  Once your file for protection under the bankruptcy stay all court proceedings must stop, including foreclosure.  Under Chapter 13 the Trustee would then make the payments you had missed over the next 3 to 5 years within your chapter 13 plan.

OUR OFFICE

At The Law Office of Keegan & Andrade we will offer you a free consultation.  At this free consultation you will be able to sit down with one of our attorneys and discuss your individual situation.  The attorney would then advise you which chapter would be best for your situation.  They will also quote you a fee for the filing for your case.  If you decide to move forward a small retainer will get things started (once you put down the retainer you may refer your creditors to our office), we will then accept monthly payments until your fees are paid and then your case will be filed.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

If you are thinking of bankruptcy, contact our Eastgate, Ohio bankruptcy attorneys or Middletown, Ohio bankruptcy attorneys today. We offer a free consultation, fair fees and monthly payment plans.

Bankruptcy Chapters

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 Bankruptcy filings.

Yes, there are different types or chapters of bankruptcy that are available for the general consumer.

CHAPTER 7 BANKRUPTCY

Chapter 7 Bankruptcy is the most common bankruptcy filing and the most sought after.  It is most commonly referred to as a straight bankruptcy or a liquidation bankruptcy.  Under Chapter 7 you will be able to wipe out all of your unsecured debts and get a fresh financial start.  You do not have to pay anything back that you do not want to keep.  It is referred to as a liquidation bankruptcy because the bankruptcy trustee may be able to liquidate some of your assets to pay into your bankruptcy estate, however, there are exemptions which will protect most of your assets from this process.

If you have secured items that you wish to keep you may.  You must be current on your payments of secured items that you wish to keep.  You will have to list these documents on your case, however, the creditor will provide a reaffirmation agreement for you to sign in regard to these debts.  What the reaffirmation agreement does is basically resigns your debts so that they were not included in the discharge that you will receive.  These reaffirmed debts will report to the credit reporting agencies and help to re-build your credit.

If you have gotten upside down on your vehicle due to perhaps due to including some of a remaining carry over debt from another vehicle onto your current loan, there are programs that may be able to help you while you are under the bankruptcy.  There is a program called 722 Redemption and what they do is they will refinance your vehicle for the current fair market value.  This will also most likely not only reduce your total loan, total payment, but also your percentage rate.  This is well worth looking into while going through a Chapter 7 bankruptcy.

You can wipe out most types of debt through a Chapter 7 bankruptcy.  There are a few things which cannot be discharged such as criminal court costs, spousal support, child support and most taxes.  However, some taxes may be able to be discharged, you should consult one of our attorneys if you owe taxes to discuss your individual situation.

CHAPTER 13

Chapter 13 is also know as a wage earner plan.  This is because you must have the income to support the case, as you will be paying into the case. Chapter 13 is designed to help you if you have fallen behind on your house or car or if your income is too high to qualify for a Chapter 7.

A Chapter 13 case must be at least 3 years long but no longer than 5 years.  This will give you a three to five year period to make up any house or vehicle payments you may have missed prior to the filing of your case.  Your mortgage company must comply as this is federal law, they will have to stop all collection and foreclosure proceedings that are pending against you upon the filing of your case.

As to your unsecured creditors under Chapter 13, they will be paid a percentage of the total debt, this percentage is based upon your individual case and can vary anywhere for 1% up to 100% of the debt owed.

FINAL THOUGHTS

If you are considering filing for bankruptcy then most likely you do need to file for bankruptcy.  Bankruptcy is not a process to be taken lightly.  So most likely if you are considering it, you most likely do need to file.  At our office we offer a free consultation, fair fees and monthly payment plans.  Call today for your free consultation to sit down and discuss your individual situation with one of our attorneys.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or at www.middletown-bankruptcy.com

Call your Eastgate, Ohio bankruptcy attorney today for your free consultation at 513-752-3900 or Middletown, Ohio at  513-422-2994.

Bankruptcy & Debt

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 Bankruptcy filings.  We have helped thousands get out of debt and can help you too!

Ever feel that you are all alone in your struggles with debt?  Sitting on the edge with no one to help you and no where to turn?  You have extended all the help from your family and cannot ask for more.  You are extended at every end and the rope

the rope is getting thin?  There is help.  There are answers to your struggles.  People have been struggling with debt for centuries, this is nothing new.  In the Old Testament every 7 years a creditor would have to forgive all the old debts of his debtors, now that would not quite work nowadays, can you imagine the abuse?  People would have no incentive to pay their bills! In Greek times if you could not pay your debtors you could be put into debtor prison, not only you but your spouse and your children as well.  People struggling with debt is probably about as old as history, it is nothing new and nothing to be ashamed of.  In society today we have bankruptcy available for those who are struggling with debt.  Bankruptcy is a last resort for most due to the stereotypes created in Hollywood of the bankruptcy debtor.  The picture of expensive vacations and extravagant spending, however, the typical person filing bankruptcy is more likely the struggling young couple with young children trying to put dinner on the table.  Or more sadly the older couple who have worked hard their entire lives, but with the soaring cost of living and rising health care costs, just cannot make it anymore and finally turn to file for bankruptcy protection.

WHAT IS THE FIRST STEP?

If you are thinking of filing for bankruptcy protection, the first step is to come into our office and have a free consultation.  At this free consultation you will be able to sit down with an attorney and discuss your individual situation.  They will then guide you as to the best next step for you.  If you do decide to file for bankruptcy protection a small retainer fee will get things started.  You can then refer your creditors to our office until you file your case.

WHAT IS BANKRUPTCY PROTECTION?

Once you file your bankruptcy case you will be under the protection of the bankruptcy stay.  Under the bankruptcy automatic stay all collection efforts against you by creditors must stop.  This means mail harassment, phone harassment, court proceedings and garnishments.  It will be against the law for any creditor to contact you in any way.

Upon completion of your case you will receive a discharge.  A discharge is a bankruptcy document which deems all your debts wiped out, gone, a fresh financial start!  This is a very important document and you will want to keep it with your other important documents.  You will then be on your way with your new financial start.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or www,middletown-bankruptcy.com

Call your Eastgate, Ohio bankruptcy attorney today for your free consultation.  We have helped thousands out of debt and can help you too!

Is Bankruptcy the Answer?

We are bankruptcy attorneys we have offices located in Eastgate, OH and Middletown, Ohio.  We specialize in chapter 7 bankruptcy and chapter 13 bankruptcy.

WHAT IS BANKRUPTCY?

This is the legal proceeding which relieves debtors from responsibility of debt payments who cannot meet them and also provides protection while attempting to repay the debts.

HOW CAN BANKRUPTCY HELP ME?

Filing bankruptcy could wipe out credit card debt and other unsecured debts. If filed, no creditor can legally collect of those debts.

Bankruptcy can stop creditor harassment, as in phone calls and harassing letters and could stop repossession of your car or foreclosure of your mortgage. You could still retain your home even if a foreclosure has already been filed.

Medical debt is discharged through bankruptcy. Overall, health care is the main reason in the U.S. for filing bankruptcy. Hospitals and ER services cannot refuse you service in the future, if you were to file.

You do NOT lose everything you own. Sometimes in a chapter 7, the trustee may take items and sell them to pay on your debts.

These are just some of the ways that a bankruptcy could help you.

WHICH BANKRUPTCY OPTION BEST FITS MY SITUATION?

The most common filings for bankruptcy are chapter 7 and chapter 13. Chapter 7 will wipe out all your unsecured debt (credit cards, medical fees, utilities, etc.). You can also keep your house and vehicle in chapter 7, as long as your current on payments. Chapter 7 is a straight bankruptcy, referred to as a liquidation bankruptcy. This will stop all collection proceedings including phone calls, mailings, garnishments and court proceedings. As many as 65% of consumer bankruptcy filings in the U.S. are chapter 7.

Chapter 13 is a repayment plan. It is referred to as a wage earner. You must have a reliable source of income so that you can repay all or a portion of your debt. Chapter 13 will stop a foreclosure or repossession as well. It is designed to help you retain your home or vehicle if your behind. You will repay 1% to 100% of your debt, depending on the individuals situation. This will last a minimum of three years and max of five years. During this time it will be up to the creditors to file claim in order to be paid during the case.

WHAT DEBTS WILL A BANKRUPTCY NOT ERASE?

Most of your debts can be discharged in a bankruptcy. Some debts are not dischargeable. They cannot be wiped out in a chapter 7 or at the end of a chapter 13. Some kinds of debt can never be discharged.

Student Loans - Most student loan debt is not dischargeable. In some situations a debtor can claim that student loan debt causes an extreme hardship and can obtain a discharge, but it is very difficult to persuade a Bankruptcy Court to discharge a student loan debt.

Taxes - Some income tax debt can be discharged in bankruptcy, but this varies, you should make an appointment for your free consultation to discuss your individual situation.

Alimony and Child Support - Back payments or arrearages for child support and for alimony are nondischargeable. Orders to pay attorney fees in child support and child custody cases are usually nondischargeable.

Fines and Penalties - Most fines that are imposed by a court and most penalties that are assessed by a government agency are nondischargeable.

WHAT HAPPENS AFTER BANKRUPTCY?

If you want to have credit, you will be surprised at the amount of credit offers you will receive once you file for bankruptcy protection. You can improve your credit after filing and being discharged. This gives people the opportunity to rebuild their credit because it eliminates the old debt.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

FREE CONSULTATION

Contact our office today in Eastgate, Ohio or Middletown, Ohio for your free consultation to see if bankruptcy will give you the financial relief you are looking for.

We Are Bankruptcy Attorneys

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 bankruptcy filings.

THINKING OF BANKRUPTCY?

Are you struggling every month to make the bills and never getting ahead?  Lost your good job and just have not been able to replace the income at new employment?  Medical bills piling up?  Preparing to divorce?  Any of these are good reasons to consider filing for bankruptcy protection.  What is bankruptcy?  Bankruptcy is a federal code that will allow you to file for protection and discharge all of your unsecured debts under the federal bankruptcy code. Once you file for bankruptcy protection the creditors must stop all collection efforts against you.  This means that they cannot contact you by phone or by mail.  This also means that any court cases that are filed against you must be halted and if your paycheck is already being garnished the creditor must release this garnishment upon the filing of your case.

WE CAN HELP YOU

Hiring the right attorney is as important as the decision to file for bankruptcy protection.  You want to make sure you have an attorney who is experienced and knows the laws.  At the Law Office of Keegan & Andrade Co., LLC we specialize in bankruptcy.  For over 20 years with over 40 years of combined experience we have been concentrating on the practice of bankruptcy filings. We will be able to walk you through every step of the process and make it simple for you.

At our law office we offer you a free consultation.  At this free consultation  you will be able to sit down with one of your experienced and knowledgeable attorneys to discuss your individual situation.  They will guide you as to the best road for your to take to secure your financial future.  This road may or may not be bankruptcy.  However, if bankruptcy is the road for you at our office you may put down a small retainer fee to retain our office.  Once you have retained our office you may refer your creditors to us until your case is filed.  We will also accept payments during this time until your pay in full.  Once you pay in full we will file your case.  Once your case is filed the bankruptcy court will notify all of the creditors listed in your case by regular US Mail.  Once your case is filed the creditors must stop all collection efforts against immediately.

You will have a court date approximately four weeks after your filing date.  We will appear with you at this hearing.  After your hearing you will just be waiting for your discharge which will take approximately 120 days.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or at www.middletown-bankruptcy.com

Contact your Eastgate, Ohio or Middletown, Ohio bankruptcy attorney today to see if bankruptcy can give you the fresh financial start that you are looking for.

Bankruptcy & Your Home

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 bankruptcy.

I AM CURRENT ON MY HOUSE

If you are current on your home, but are struggling with other debts, such as credit cards and medical debts then a Chapter 7 bankruptcy would be good for you.  In a Chapter 7 you would be able to keep your home and wipe out all of your unsecured debts.  You would continue to make your house payment throughout the bankruptcy process and keep your home.

The next decision to make after filing for Chapter 7 is if you will reaffirm the debt on your home.  A reaffirmation agreement is a document that you can sign that you promise to repay the debt that you owe.  Signing this reaffirmation agreement also guarantees that this debt will report your payments to the credit reporting agencies going forward.  There are pros and cons to signing the reaffirmation agreement on your home.  The pros include that they will report your payments to the credit reporting agencies, that they will work with you on loan modifications and will send you your monthly statements.  The cons to signing the reaffirmation agreement is if you do get into difficult times again and cannot make your house payment, they can then foreclose on your home and hold you responsible for the debt owed.  If you decide not to reaffirm your home there are also pros and cons to this decision.  The pros are that even if you do get into difficult times again and cannot make your house payment that they can still foreclose on your home, but you will not be responsible for the debt.  The cons are that they will not report your payments to the credit reporting agencies, will not work with you on loan modifications and may not even send you statements going forward.  This is not a decision to be taken lightly and should be discussed with the attorney as to your individual situation.

I AM BEHIND ON MY HOUSE PAYMENTS

If you have fallen behind on your house payments you have several options. First you must decide if you wish to keep the home or let it go.  If you decide that you do not want to keep your home you can file Chapter 7 and let your home go through the case.  Your home will still go through the foreclosure process and eventually be out of your name.  You will be able to stay in your home until the end of the foreclosure process, thus giving you time to save money to get a new place.  You will not be responsible for the debt owed on your home as it will be discharged through the Chapter 7.

If you decide that you would like to save your home Chapter 13 would be available for you.  A Chapter 13 will force your mortgage company to work with you and allow you to catch up your missed mortgage payments over a 3 to 5 year period.  You may still work on a loan modification if you wish, but filing for a Chapter 13 will stop all foreclosure proceedings.  Chapter 13 reorganizes all of your debts and you get to keep your property.

Your mortgage company must comply with the Chapter 13 plan as it is federal law.  In the case the Chapter 13 Trustee will make your regular mortgage payment and all of you arrears in the 3-5 year period for you.  You will simply mail in one payment to the Trustee and all of your debts will be paid out of this payment.  At the end of the case the Trustee will file a notice that your mortgage payment is current. This is good because the mortgage company cannot come back on you later and say you owe more fees.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

Call your Eastgate, Ohio or Middletown, Ohio bankruptcy attorney today to set up your free consultation.  We offer fair fees and monthly payments plans.

Thinking of Bankruptcy?

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 bankruptcy filings.

BANKRUPTCY

Almost everyone we meet with expresses their embarrassment/disbelief/guilt over having to go thorough the bankruptcy process.  Much of this stems from widely held beliefs by the public in general that bankruptcy is a symbol of failure or someone trying to play the system.  After years of experience we find the opposite to be true.  Listening to clients over the years and the series of events that lead up to most bankruptcies makes you realize it can happen to anyone.

When preparing a bankruptcy petition we must gather information regarding income and expenses.  From this we can gleam that many clients have come to us as a last resort - often it would have been beneficial for the debtor to visit with us earlier.  Many have been working several jobs, reducing expenses, selling belongings, borrowing money from family and draining their retirement savings.  Bankruptcy is usually the last resort for most people.

Bankruptcy is designed to give people a fresh financial start.  There are many myths about bankruptcy that have been put into the public eye.  Some of those myths are listed below.

BANKRUPTCY MYTHS

Bankruptcy is the result of irresponsible spending.

Most bankruptcies do have a lot of spending and credit card use that has gone one.  But the reason for most of this spending would surprise most people.  Often the large amounts of credit card debt have incurred through using a credit card to buy groceries, gas, clothes for the children, etc.  This is usually because there has been a job loss or reduction in pay.  At the time when most debtors purchased their cars or homes they could afford them.  However, an unexpected illness or job loss has made what was once very affordable to completely out of the budget.  We find that most people are eternal optimists and believe that things will get better soon.  So in the mean time they put their monthly living expenses on credit cards with the  thought that they will easily pay back the debt once they get better or go back to work.  If this does not happen quickly they find themselves in a very difficult situation.

Bankruptcy Happens to the Poor and Uneducated

Bankruptcy does indeed happen to the poor and uneducated.  It also happens to the incredibly wealthy and highly educated.  We have filed bankruptcies for doctors, lawyers, dentists, chiropractors, teachers, managers, business owners, police officers, computer techs and nurses.  Bankruptcy can happen to anyone regardless of past successes or educational achievement.

Not many people file for bankruptcy

Bankruptcy filings are currently down.  But that is not necessarily a good thing when it comes to the economy.  Bankruptcy filings for 2010 through 2012 were astronomical.  Most of these filings resulted from job losses due to the economic struggles in America in general.  Most of these filings were filed by good hard working people who just hit a financial setback.  Financial setbacks can happen to anyone.  It is true that there are people out there trying to game the system, rack up a lot of debt and then file bankruptcy, but they are a very small minority.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

FREE CONSULTATION

If you have been suffering through the difficult decision of whether to file for bankruptcy give us a call at 513-752-3900 or 513-422-2994 for Middletown and set up your free consultation.  Even if you decide not to file for bankruptcy at least you can learn what your options are, we have found that even if you decide not to file for bankruptcy at least knowing the options give you a lot of peace.

Contact our Eastgate, Ohio bankruptcy attorney today.

What debts are able to be discharged through bankruptcy?

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialized in Chapter 7 and Chapter 13 bankruptcy filings.

WHAT DEBTS ARE DISCHARGEABLE DEBTS IN CHAPTER 7 BANKRUPTCY

Many people when considering bankruptcy filing they will wonder what debts will they be able to discharge through the bankruptcy filing.  The good news is most debtors who qualify for Chapter 7 bankruptcy will be able to have most of their unsecured debts, including credit card debts and medical bills, discharged.  Therefore, the better question to ask would be what debts are NOT discharged under Chapter 7 bankruptcy.

DEBTS NOT DISCHARGEABLE UNDER CHAPTER 7 

Under some conditions that bankruptcy court may reject your bankruptcy petition and you will not be allowed to discharge any debts.  For example if you try to hide property, violate a court order, file and receive a discharge too recently, or you did not complete the financial management course your bankruptcy petition may be rejected.

But assuming the bankruptcy court allows you to move forward with your bankruptcy, there are 19 categories of debts which are listed in the Bankruptcy Code which are not dischargeable under Chapter 7 bankruptcy.

Certain debts are dischargeable because the court considers repayment a "public good."  For instance, child support and spousal support payments are not discharged because the government believes repayment of these debts is critical to the survival of many families.  Other debts may not be discharged only if the creditor decides to object to the discharge of the debt.  For instance, the creditor objects and the court agrees the debts are not discharged.

WHAT DEBTS ARE NEVER DISCHARGEABLE UNDER CHAPTER 7 BANKRUPTCY

There are many debts which are never dischargeable under Chapter 7 bankruptcy.  These debts include any unscheduled debts which are not listed on the Chapter  petition, certain tax debts, fines and penalties which are owed to government agencies, spousal support, child support, student loan debt, debts for personal injury due to OVI, attorney fees for child support and spousal support claims, fines and penalties for criminal restitution and debts for tax-advantaged retirement plans.

If the majority of your debts is for any of the items listed above, Chapter 7 bankruptcy is unlikely to be your best option, but Chapter 13 will be available for your.

CREDITORS MAY OBJECT TO THE FOLLOWING DEBT DISCHARGE

There are other debts in which creditors may file motions to object to the discharge.  If the motion is filed and accepted by the court, the debt will not be discharged.  If the motion is denied, the debt may be discharged.

FREE CONSULTATION

Every situation is unique.  To see what debts you have that you will be able to discharge you need to set up your free consultation with one of our experienced attorneys call us at 513-752-3900 or 513-422-2994 for our Middletown, Ohio office and be straight on your way to a fresh financial start!

MORE INFORMATION

For more information check out our website at www.keeeganandrade.com or www.middletown-bankruptcy.com

Call your Eastgate or Middletown, Ohio bankruptcy attorney today!  We have helped your neighbors and we can help you get out of debt too!

Bankruptcy Office

We are bankruptcy attorneys we have offices located in Eastgate, Ohio and Middletown, Ohio.  We specialize in Chapter 7 and Chapter 13 Bankruptcy.

OUR LAW FIRM

Our law office has been serving you and your neighbors for over 20 years, with a combined experience of over 40 years.  We specialize in bankruptcy filings, this means that we will be able to walk you easily through the bankruptcy process.  You are already under enough stress by the time you walk through the doors of a bankruptcy office, that you should not have to worry if the office knows what they are doing when it comes to your case.  We will be able to walk you through your case and make your bankruptcy filing seem simple and you will know that you are not alone through the process.

PROCESS OF BANKRUPTCY

The way the bankruptcy works at our office is first we offer you a free consultation.

At this free consultation you will be able to sit down with one of our experienced attorneys and discuss your individual situation.  The attorney will then guide you as to the best resolution for your individual situation.  Whether it would be better for you to file Chapter 7, Chapter 13 or just not even file at all.  The attorney will also quote you a full fee at this free consultation.  When you leave our office you will feel confident in the advise given and have an idea of what your next step should be.

If you do decide that you are going to file for bankruptcy protection a small retainer to this office will get things started.  Once you put down that retainer fee you can then stop paying on bills that you do not want to keep and refer your creditors to this office.

We will accept monthly payments on your account balance until your account is paid in full.  We will then file your case once your balance is paid.

APPPOINTMENTS

After your initial free consultation you will then have a two more appointments.  At your worksheet appointment we will sit down with you and gather all of your documentation and let you know of any further documentation your may need.  You may then drop off this documentation and payments at your convenience.  Once all of your fees are paid in full and all documentation is received you will have another appointment.  This appointment is your signing appointment.  At this appointment you will once again sit down with the attorney and go over all of your documentation to be sure that everything is correct.  Once you verify everything is correct you will then sign your documentation in front of the attorney.  Your case will be filed within a few days of your signing.

Once your case is signed you will be assigned a bankruptcy case number.  This is the number that you will give to all of your creditors.  The court will also assign a court date which will be approximately 4 weeks from your filing and then notice all of your creditors by regular US Mail.  After your court hearing is over you will be basically done with the process of bankruptcy filing and will just be waiting for your discharge.

MORE INFORMATION

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

Contact your Eastgate, Ohio bankruptcy attorney today at 513-752-3900 or Middletown, Ohio bankruptcy attorney at 513-422-2994 for your free consultation!

BANKRUPTCY

We are a bankruptcy attorneys we have offices located in Eastgate Ohio and Middletown, Ohio.

Not sure what bankruptcy is? Bankruptcy is a process in which consumers and businesses can eliminate or re-pay some or all of their debts under the federal protection of a stay through the bankruptcy court. Basically there are two types of chapters available for the consumer; Chapter 7 bankruptcy and Chapter 13 bankruptcy.

CHAPTER 7 BANKRUPTCY

Chapter 7 bankruptcy is designed to clear off or discharge all of your unsecured debt. This will give you a fresh financial start. Creditors can no longer collect on debts by telephone calls or court proceedings. If there were secured items that you wish to keep such as your home or vehicle you would re-sign on these items under a reaffirmation agreement.

A reaffirmation agreement is a bankruptcy document that you would sign to reaffirm debts that you do not want to discharge through your case. The terms of your loan stay the same.  By reaffirming these debts, they do not get discharged through your case. These debts will report to the credit reporting agencies and help to re-build your credit.

Chapter 7 Bankruptcy is also referred to as a "liquidation bankruptcy" because the trustee may take and sell or liquidate some of your property to pay back some of your debt. However, you will be able to keep most if not all of your property due to the protection of the bankruptcy exemptions. These include such things as your home, vehicle, cash on hand, jewelry, household items, retirement plans, and most other assets. The exemptions vary so you should contact our Eastgate, Ohio bankruptcy firm for further details.

Are you eligible for a Chapter 7 Bankruptcy. Not everyone can qualify for Chapter 7, there are several factors to consider, but most can qualify. Contact our office today for your free consultation to see if you qualify for Chapter 7 Bankruptcy.

CHAPTER 13 BANKRUPTCY

Chapter 13 Bankruptcy is also referred to as a "wage earner" plan because in order to file for Chapter 13 protection you must have a reliable source of income so that you can repay all or a portion of your debt.

In Chapter 13 bankruptcy you will pay back a percentage of your unsecured debts, this can range from 1% to 100% depending on your individual situation.

Chapter 13 is also designed to stop a foreclosure or vehicle repossession. If you file for Chapter 13 all collection actions must stop (actually this applies to Chapter 7 as well, you can buy more time by filing Chapter 7 if you do not have the income to keep the home but are not quite ready to leave the home yet).  You would then be able to make up the payments that you were behind through your chapter 13 plan over the next three to five years.

As mentioned above if you file for Chapter 13 you must be in the case for a minimum of 3 years and a maximum of 5 years. It will be up to the creditors to file a claim in order to be paid during this case. During this time period you will repay a percentage of your unsecured debts, your secured debts and any missed payments you had on your house or vehicle. At the end you will receive a discharge as to all remaining debt.

For more information check out our website at www.keeganandrade.com or www.middletown-bankruptcy.com

If you are thinking of bankruptcy, contact our Eastgate, Ohio bankruptcy attorneys today. We offer a free consultation, fair fees and monthly payment plans.

Bankruptcy help is here.