FREE BANKRUPTCY CONSULATION

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

Many people just like you are struggling with debt everyday.  It is always in the back of their mind, trying to make ends meet.  It can be scary to be in over your head in debt and not know when or how you will get out of the situation.  When it can be too much bankruptcy may be an option, but how to begin the process or find out if you even qualify to file.

Well if you are reading this blog, you are on the right track, you are probably researching the possibility of bankruptcy on the internet and seeing lots of different options and opinions.  Research is good, but you will not be able to find the answers that pertain to your particular situation on the internet because there are no two exact same bankruptcy cases or even the exact same circumstances that will lead people to having to file.  It is best to contact an experienced attorney to discuss your case and find out your options.

At our office we offer a free consultation.  That's right, it is totally free to sit down and talk and find out the best option for you.  Call today to set up your free consultation with one of our attorneys.   By the time you leave our office you will know if you qualify for Chapter 7 or Chapter 13 or if bankruptcy is not the best option for you.  There are two main chapters of bankruptcy for the general consumer.

CHAPTER 7

Chapter 7 also referred to as straight or simple bankruptcy is when you will be able to discharge all of your unsecured debts under the bankruptcy code.  You will never have to pay these debts back and creditors will not be allowed to collect on these debts once you receive your discharge.  Chapter 7 is also referred to as a liquidation bankruptcy because the bankruptcy trustee may liquidate some of your assets, but there are exemptions to protect most assets, so this is generally not a problem.

CHAPTER 13

Chapter 13 is available for those who make too much money for Chapter 7 or need to file to save their homes or cars.  Under Chapter 13 you can stop a foreclosure on your home.  You will have three to five years to pay under a Chapter 13.  At the end of the case you will not owe any of your unsecured debts and creditors will not be able to collect on debts which were discharged through the case.  Chapter 13 is also referred to as a wage earner plan as you must have the income to support the case.

MORE INFORMATION

For more information call and set up your free consultation today.  You will feel alot better after you talk with someone and make a decision on what you are going to do.  At our office if you do decide to file a small retainer fee will get things started and we will then take monthly payments, once paid your case will be filed.  Check out more on our website at www.keeganandrade.com, www.middletown-bankruptcy.com or www.centervilleohiobankruptcy.com.

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

Bankruptcy Relief Can Help

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

The last few years have been financially rough for everyone.  Most believe that the economy is finally on the upswing after crashing through one of the worst recessions in recent memory.  Of course relief from such economic hardship is never going to be instantaneous, and even as the economy recovers, many people will be struggling with hardships that began during the recession.  Credit card debts that were racked up to afford necessities and unexpected job termination from cutbacks have put many Americans and Ohioans in difficult financial situations.

The good news for people struggling with economic hardship is that there is a legal debt relief option that they can likely take advantage of, bankruptcy.  Many people only think of bankruptcy as a bad thing or an option reserved only for those who have failed at managing their money.  The truth is that bankruptcy exists to help people who have fallen on financial times so difficult that they simply cannot recover.

There are different ways that such financial hardships may arise, and many of them involve unexpected accidents that nobody could have foreseen.  Simply being fired unexpectedly and without good reason (as Ohio is a hire at will fire at will state) can be one such example, but there are also issues of accidents and unexpected medical bills.  For example, you could have your finances under control, making your monthly payments, until suddenly your appendix bursts and you need immediate emergency surgery.  This is an incident that nobody could have predicted, and yet now you are unable to make your credit card payments because of your medical bills.

At our office we will offer you a free consultation, at this consultation you will be able to sit down with one of our attorneys and discuss your individual case.  He will advise you what chapter if any would be best for your individual situation.

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.

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.  Upon completion of your case you will receive a discharge of all of your debts.  You will not have to report this information to the IRS and your creditors can no longer collect on these debts.

MORE INFORMATION

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

Call today to get the financial relief you are looking for.  Bankruptcy does not mean that you are a bad person, just a person in a bad financial situation.

Call your Southern Ohio Bankruptcy attorney today for your free consultation.