We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
Struggling under a mountain of debt is never easy, but the good news is that there may be a path out from under it. The protections of the bankruptcy code can buy you time to get your affairs in order while also setting you up for success in the long term.
Working with a Cincinnati bankruptcy lawyer could be the best option for getting the fresh financial start you deserve. You may be able to halt collection efforts and eventually have much of your debt erased. Reach out to our skilled bankruptcy attorneys today to learn more.
If you are considering bankruptcy, two of the most popular options are known as Chapter 7 and Chapter 13. A Cincinnati bankruptcy attorney from our firm can help you determine if you qualify for either option.
Chapter 7 is often the fastest form of debt relief. It is designed for people who do not have enough disposable income to repay their unsecured debts. To qualify, you must pass the means test, which compares your household income to Ohio’s median income for a household of a similar size to yours. If your income is below that level, you will likely qualify.
Many people who qualify for Chapter 7 can discharge a host of unsecured debts, such as personal loans and credit cards. That said, there are also obligations that will survive a Chapter 7 bankruptcy.
Chapter 13 works differently in that it is designed for individuals with some assets to repay their creditors. Instead of eliminating debt quickly, it allows you to restructure it into a repayment plan lasting roughly 3 to 5 years. Many people who do not qualify for Chapter 7 will pursue this option.
This type of bankruptcy is often helpful if you are behind on your mortgage or car loan and want to keep the property. Chapter 13 can give you time to catch up while protecting you from foreclosure or repossession.
Filing for bankruptcy is more than filling out forms and submitting paperwork to the court. The decisions you make at the beginning of the process can determine what property you keep, what debts are discharged, and whether your case moves forward smoothly. An experienced Cincinnati bankruptcy attorney starts by reviewing your income, debts, and assets in detail to determine whether Chapter 7 or Chapter 13 is the better fit for your situation.
Your attorney can also prepare your petition and schedules carefully to avoid errors that could delay your case or raise flags with the trustee. Most importantly, an attorney helps you avoid preventable mistakes before you file, giving you the best chance to avoid delays and get the outcome you deserve.
Before filing, take time to organize your financial information and avoid any missteps that could create problems down the line. First, it is a good idea to gather important documents like recent pay stubs, tax returns, and bank statements. It is vital that you only provide accurate information to the court, as you have to swear under penalty of perjury that all of your details are correct.
You should also stop using credit cards and avoid transferring property to friends or family. Finally, you must complete a credit counseling course from an approved provider before your case can begin. Taking these steps early allows your attorney to build a strategy that protects you from unnecessary risk.
Bankruptcy does not have to be a scary, stressful process. If you work with a Cincinnati bankruptcy lawyer, you could find yourself in a position to get the fresh financial start you have been looking for. Fill out our online debt calculator for more immediate information.
We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
We are a debt relief agency helping people file bankruptcy under the United States Bankruptcy Code.
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