Added: Sarra Braddock - Date: 19.02.2022 03:13 - Views: 12047 - Clicks: 1855
When it comes to filing for bankruptcy, there are many options to choose from. These include filing a Chapter 7and Chapter 13and Debt Negotiation, or another non-bankruptcy option. I can help you figure out what is the best course of action to follow to help you become debt free. Filing for a Columbus ohio bankruptcy 7 Bankruptcy does not require you to file a plan for repayment as Chapter 13 does…. It allows you to pay off creditors Columbus ohio bankruptcy a specific time period. Your situation is unique. As of this writing, May 9,there have been 4, bankruptcy cases filed in Southern Ohio, and 2, nearly half, filed in the Columbus Ohio Bankruptcy Court.
If you need a bankruptcy attorney in Columbus Ohio, you have a lot of company. The of bankruptcy cases filed will increase, as unemployment due to COVID continues to rise. This is a key question and, again, is very specific to your circumstances. There have been numerous economic downturns resulting in the need to file bankruptcy. There are several things to consider. The main reason to file bankruptcy in Columbus Ohio is loss of income. You must also estimate what level your income be when you become re-employed.
Eventually we become reemployed, but often at a lower income level. And many of us live, if not paycheck to paycheck, but often with expenses that equal our income. So, a lower paying job leaves us short. This is why many in Columbus Ohio see the counsel of an experienced bankruptcy attorney. Filing bankruptcy in Columbus Ohio can help you manage expenses when you take a new job with lower starting pay by eliminating expenses you can no longer afford.
If your financial stress is more than you can handle, your best solution is to contact a Columbus Ohio bankruptcy attorney who has many years of experience in BOTH Chapter 7 and Chapter 13and also is trained in non-bankruptcy debt relief options. Even if you can make deals with Columbus ohio bankruptcy creditors that will enable to you to get by without filing bankruptcy, you need to ask yourself if this is better than filing bankruptcy and getting a fresh start faster.
It is critical to realize that non-bankruptcy options often hurt your credit for a much longer time than if you file bankruptcy and rebuild your credit from scratch I have a proven program that does this amazingly quickly. Assuming you decide that a bankruptcy makes more sense, you need to explore both chapter 7 and chapter 13 bankruptcy. This is where finding the right bankruptcy attorney in Columbus Ohio might be harder than you think.
Some bankruptcy attorneys are not comfortable taking on the more complex chapter 13 cases, as they last for 3 to 5 years, typically require the attorney to have a much larger staff, as chapter 13 cases are much more involved than chapter 7 cases.
Sole practitioners and very small law firms sometimes chose to avoid the long term chapter 13 cases. And, if you do qualify for a chapter 7, you might be inclined to choose that option if offered to you, unless the attorney carefully reviews and explains the benefits of both chapters Columbus ohio bankruptcy helps you evaluate both of them. A careful analysis of both chapter 7 and chapter 13 is needed before you can be sure you are making the right choice.
For example, when we do our taxes, we usually compare single vs. Similarly, your attorney needs to do the same when helping you decide between chapter 7 and chapter 13 bankruptcy. He has lost income due to COVID, was on unemployment for a while for the first time in his life but is now working again.
His new job pays less, but he is grateful to have it. He simply cannot afford to make even the minimum payments on his unsecured debts. In fact, he has only been able to keep his house payment and car payment current. He needs to keep his car. But he needs it and wants to keep it. The first Columbus Ohio bankruptcy attorney Dan saw told him he qualifies for chapter 7, and recommended that Dan file chapter 7 and reaffirm the car payment. He knows that he needs to consider ALL options to make the right choice. He asked the first attorney if chapter 13 bankruptcy was an option for him, and was told that if he qualifies for chapter 7, this is the quicker, cheaper way to go.
Bankruptcy has been the solution to this problem for many in Columbus Ohio. Bankruptcy options should be evaluated against each other — Chapter 7 is NOT necessarily better even if you qualify for chapter 7. You probably also qualify for chapter Finding a Columbus Ohio bankruptcy attorney who has years of experience and who can compare all three options, and is prepared to file a chapter 13 if you need it is critical to getting the best solution for your individual circumstances.
We file more bankruptcy cases, more chapter 13 cases, and have more top rated Google reviews than any other office in Southern Ohio. If you need a comprehensive analysis of ALL your options, and a proven program to help you rapidly recover your credit after discharging debt in bankruptcy, the Columbus Ohio bankruptcy attorney to talk with is at Richard West Law office.
Chapter 7 Filing for a Chapter 7 Bankruptcy does not require you to file a plan for repayment as Chapter 13 does…. When to File Bankruptcy in Columbus Ohio This is a key question and, again, is very specific to your circumstances. Fortunately, nobody stays unemployed forever. What a bankruptcy attorney in Columbus Ohio should tell you. Bankruptcy is NOT the best solution for everyone. The best approach to find the best solution by comparing ALL options. Non-Bankruptcy Options First, start with your non-bankruptcy options. Compare Both Bankruptcy Options against each other Assuming you decide that a bankruptcy makes more sense, you need to explore both chapter 7 and chapter 13 bankruptcy.
The might surprise you. A simple example illustrates the danger of not comparing chapter 7 to chapter Case Study for a typical Columbus Ohio bankruptcy case. He needs help. Dan knows he needs to file bankruptcy but is not sure what chapter is best. A tale of two Columbus Ohio Bankruptcy Attorney experiences The first Columbus Ohio bankruptcy attorney Dan saw told him he qualifies for chapter 7, and recommended that Dan file chapter 7 and reaffirm the car payment.
The first attorney did not review options in chapter Dan is no dummy. Dan decides to get a a second opinion. Columbus ohio bankruptcy options include non-bankruptcy and bankruptcy solutions, and you need to compare them all. Give us a call. Google Rating. Richard West Law Office 5. Michael H. Samantha M. Holly J. Gina K. Gina D. Amanda H. Heather T. Martin R 30 Dec Jeremy R. Lisa D. Anthony L. Andrew G. Russell W. Vicki J. Aaron K. See all reviews Write a review. Submit a Review Your review.
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Affordable Chapter 7 and Chapter 13 Bankruptcy Lawyers in Columbus Ohio