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.