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Bankruptcy Lawyers in Ohio, OH

If you’ve been searching for information about the law relentlessly and have found nothing but heavy and complex articles that don’t allow you to understand the legal issue on your mind, we have a solution! At legalfacts.org we are dedicated to publishing easy-to-read and easy-to-understand content about the law so that you can read our articles and get a little more clarity on your current situation.

We have gathered information from experienced lawyers and people who have had experience with the law in one way or another to write articles that are simple and effective. In addition, this platform will allow you to get in touch with experienced lawyers who will be happy to guide you through your case and help you understand your situation.

If you feel that debt is dominating your life, read on to learn more about the financial fresh start program in Ohio.

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What is the Fresh Start Program?

We would all do anything to provide for our family, even if it costs us debt to put food on the table. This is the situation many have ended up in after the unfortunate events that changed our lives in 2020.
Many businesses had to close, many plans and investments failed, many people were laid off. And we know that it seems like a scenario without solutions, but you should know that this is not true. There is still hope, there are mechanisms that can help you get out of all those debts that are holding you back.
Bankruptcy has many myths about it, it has been demonized by all those who have never had contact with it. You have to know that bankruptcy will not ruin your life, it can be the solution you are looking for right now to get rid of debt once and for all.

Experience

If you decide to file for bankruptcy, but you are unfamiliar with the laws surrounding this process, it may be a bad idea to do so on your own. An excellent bankruptcy attorney will have all the experience necessary to make your bankruptcy filing successful. In addition, a bankruptcy attorney knows the state laws and regulations inside and out, and will guide you through all the procedures.

Assess all your options

The extensive financial knowledge of an experienced bankruptcy attorney will allow him/her to diagnose your financial situation, and then determine what type of bankruptcy is best suited for your situation. You may want to get rid of your debts quickly, in which case the attorney will recommend chapter 7 bankruptcy. Or you may have a steady income and qualify for chapter 13 bankruptcy.

Protection from creditors

You may be receiving constant calls, and even visits, from creditors demanding payment of your debt. However, if your creditors know that you have an excellent bankruptcy attorney on your side, they will leave you alone immediately. Your bankruptcy attorney will make sure they stay away from you. He or she will tell you about the types of behavior that are considered abusive, and about the rights you have in your position. Once you file for bankruptcy, creditors are legally required to stop collecting on the debt.

Save your home or vehicle

If you are facing foreclosure proceedings, or if you are receiving threats to repossess your vehicle, hiring a bankruptcy attorney may be your best option to save those precious assets. The attorney will explain to you the options you have to have the best chance of keeping them. In addition, he/she will assist you in making lists of exempt assets, so that you do not make any mistakes during the procedure and end up losing something important to you.

Peace of mind

Retaining the services of an experienced bankruptcy attorney will make the entire process much easier. If you are going through a difficult financial time, you do not need to stress about legal procedures, when you can entrust it to someone who is much more experienced than you are in this field. Once you retain the services of an attorney, you can relax a bit, and then focus on rebuilding your finances with some peace of mind.

What Are The Benefits of Bankruptcy in Ohio?

Bankruptcy is a process that will allow you to get rid of all those unsecured debts. And, although debts such as student loans, child support, and some taxes cannot be eliminated, bankruptcy will allow you to get rid of other debts that make your life miserable.

In addition, you should know that once you file bankruptcy, creditors are legally obligated to stop collecting the debt and harassing you. Fortunately, Ohio bankruptcy lawyers, being some of the best you can find, will know how to guide you to assert your rights and have an easier process to deal with.

What Are The Different Types of Bankruptcy in Ohio?

Chapter 7 Bankruptcy

This type of bankruptcy is the best known and the most popular, in this type of bankruptcy you will be able to get rid of all your debts through the sale of your property. In addition, it is the fastest type of personal bankruptcy, taking only a few months. If you are not afraid of losing any of your assets to get out of debt as soon as possible, this is the type of bankruptcy for you.

However, you should know that you will not always have to sell your assets to pay your debts in this type of bankruptcy. There are cases where you can sell only some assets while exempting others and even cases with no property. There are lists of exempt assets allowed at the federal and state level, so be sure to review both to get the benefits that are best for you.

Chapter 7 Bankruptcy

This type of bankruptcy is the best known and the most popular, in this type of bankruptcy you will be able to get rid of all your debts through the sale of your property. In addition, it is the fastest type of personal bankruptcy, taking only a few months. If you are not afraid of losing any of your assets to get out of debt as soon as possible, this is the type of bankruptcy for you.

However, you should know that you will not always have to sell your assets to pay your debts in this type of bankruptcy. There are cases where you can sell only some assets while exempting others and even cases with no property. There are lists of exempt assets allowed at the federal and state level, so be sure to review both to get the benefits that are best for you.

What Can A Chapter 7 Bankruptcy Attorney in Ohio Offer You?

The first thing to be able to file for bankruptcy is to qualify, and with the help of an experienced Ohio bankruptcy attorney, you have a better chance of doing so. The attorney will take care of organizing and taking all the necessary documentation to send to the court so that you have a better chance of being accepted.

Once you file your case, and if applicable, the court will assign a trustee who will be in charge of selling all of your non-exempt assets to pay your creditors from the proceeds. An attorney will make sure to guide you and protect you from insistent creditors so that you can have the least stressful process possible.

Chapter 13 Bankruptcy

This type of bankruptcy is an ideal alternative if you do not want to sell your valuable possessions to pay the debt. On the other hand, it can take 3 to 5 years to be able to pay off the debts owed to your creditors, since a payment plan is made to be able to pay all outstanding debts periodically. 

However, this type of bankruptcy is designed for people with an income high enough to be able to make the payments while taking care of their living expenses. For this reason, it is often referred to as a “wage earner’s bankruptcy” and is usually recommended for high-income earners or small business owners.

Chapter 13 Bankruptcy

This type of bankruptcy is an ideal alternative if you do not want to sell your valuable possessions to pay the debt. On the other hand, it can take 3 to 5 years to be able to pay off the debts owed to your creditors, since a payment plan is made to be able to pay all outstanding debts periodically. 

However, this type of bankruptcy is designed for people with an income high enough to be able to make the payments while taking care of their living expenses. For this reason, it is often referred to as a “wage earner’s bankruptcy” and is usually recommended for high-income earners or small business owners.

What Can A Chapter 13 Bankruptcy Attorney in Ohio Offer You?

A bankruptcy attorney in Ohio will have the experience and knowledge to develop a payment plan that meets the requirements of the court so that you can file for bankruptcy. All this, making a financial reorganization that allows you to continue having your lifestyle.

The attorney will handle and collect all the necessary paperwork so that you will be able to qualify and relax a little while a legal professional handles all the bureaucracy. Also, keep in mind that if you miss any of the payments your assets will be seized to pay the remaining debt, so the attorney will advise you so that you do not lose the discipline necessary to become debt-free.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is the one that is intended for large-scale debts, so it is generally the one that organizations or businesses take to get out of debt. How debts are eliminated is similar to what is done with Chapter 13 bankruptcy.

Through a financial reorganization, the company must comply with a periodic payment plan to be able to pay its creditors. However, considering how complex a company can be, this type of bankruptcy must take into account not only the economic but also the organizational aspects to be able to carry out a financial reorganization that evaluates all these important aspects.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is the one that is intended for large-scale debts, so it is generally the one that organizations or businesses take to get out of debt. How debts are eliminated is similar to what is done with Chapter 13 bankruptcy.

Through a financial reorganization, the company must comply with a periodic payment plan to be able to pay its creditors. However, considering how complex a company can be, this type of bankruptcy must take into account not only the economic but also the organizational aspects to be able to carry out a financial reorganization that evaluates all these important aspects.

What Can A Chapter 11 Bankruptcy Attorney in Ohio Offer You?

Business bankruptcy is a complex case with many circumstances to consider. After all, the future of a company that employs a considerable number of people is at stake. Don’t take chances! Get an experienced Ohio attorney who can put all of his or her knowledge to work for you.

In addition, federal bankruptcy law requires that you have an attorney handle your case once you file for bankruptcy. Don’t leave it to luck, contact a good legal professional if you are considering filing bankruptcy.

Is there a Bankruptcy Lawyer near me?

Bankruptcy Attorney in Columbus, OH

Bankruptcy Attorney in Cleveland, OH

Bankruptcy Attorney in Cincinnati, OH

Bankruptcy Attorney in Akron, OH

Bankruptcy Attorney in Dayton, OH

Bankruptcy Attorney in Toledo, OH

Bankruptcy Attorney in North Kent, OH

Bankruptcy Attorney in Findlay, OH