Choosing the Right Bankruptcy Attorney

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice has been bankruptcy for over 27 years.

ARE YOU THINKING OF FILING FOR BANKRUPTCY

Are you thinking of filing for bankruptcy.  Looking for an attorney to represent you through the process?  Calling around to get a fee?  Looking for the lowest fee around?  Just remember that you get what you pay for.  Bankruptcy is a very specific process and must be done correctly so Fesenmyer Law Offices, LLC_that your case will go through and you will receive your discharge through your case.  You do not want any snags and want everything to go through smoothly.  It is stressful enough when everything goes just right let alone when things are messed up.  Some believe that bankruptcy is simple, so simple that they can even take care of it themselves.  This may have been the case in the past but since the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 things are much more difficult and more precise.  It is not recommended that you attack this task on your own.

Trying to file for yourself will most likely cause you more headaches than you would like to endure.  So the decision to seek an attorney to help you through the process is the best one.  You will want to find an experienced attorney who specialized in bankruptcy.

OUR LAW OFFICE

At the Keegan & Co. Attorneys, LLC our main focus of practice is bankruptcy, this is our main focus of practice.  Our office has specialized in bankruptcy for over 27 years.  We can provide you with the expertise that will make your bankruptcy seem simple and before you know you will be on with your debt free life.

FREE CONSULTATION

At our office we will offer you a free consultation where you will be able to sit down and discuss 25604196-a-person-drawing-and-pointing-at-a-bankruptcy-consulting-chalk-illustrationyour individual situation.  They will be able to advise you as to the best road for you to take on your financial journey.  Sometimes bankruptcy is the answer, sometimes it may not be the best decision.  The attorney will advise what is best for you.

At this free consultation the attorney will quote you a fee.  If you decide you want to move forward a small retainer will retain this office.  Once you have retained our office you will quit paying on bills you do not want to keep and refer your creditors to our office until your case is filed.  We will accept monthly payments until your case is filed.

MORE INFORMATION

For more information check out or website at www.middletown-bankruptcy.com call 513-422-2994 for your free consultation today!

At our Middletown, Ohio bankruptcy office we will be able to help you get out of debt and get a fresh financial start!

BANKRUPTCY

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice has been bankruptcy for over 27 years.

Are you struggling with debt?  Of course if you are considering bankruptcy it probably means that you are looking at debts with you are unable to pay.  Bankruptcy in most cases may help you get rid of your debts and give you a fresh financial start.

Chapter 7 and Chapter 13 are the most common consumer chapters.  Each chapter has its own rules so you must know which chapter best fits your circumstances.  At our office you will be able to sit down with a knowledgeable attorney and he will be able to advise which chapter is best for you.

CHAPTER 7

Most thinking of bankruptcy would prefer to be able to file Chapter 7.  This is the most common filing for most consumers.  Under Chapter 7 you will be able to discharge all of your unsecured debts under the bankruptcy code.  A discharge is a federal court document releasing you from your debts.  This document automatically releases you from most of your unsecured image7sdebts.  Debts which cannot be discharged include such things as student loans, newly incurred tax debt, spousal or child support and court costs for criminal charges.  As to your secure debts such as your home, vehicle or jewelry you will have to make a decision if you will want to resign on these debts through a reaffirmation agreement or surrender them.  A reaffirmation agreement is a document basically re-entering the terms of the original debt, once you sign the reaffirmation agreement this debt will be excluded from your bankruptcy and will report going forward on your credit.  If you decide to surrender your collateral this debt will be discharged through your case.

Chapter 7 is sometimes referred to as a liquidation bankruptcy because the trustee may take some of your assets, but most bankruptcy attorneys refer to Chapter 7 as a simple or straight bankruptcy, because most assets are covered under state regulated exemptions and are protected.

CHAPTER 13

Chapter 13 bankruptcy is designed for those who are over the income limit for Chapter 7 or are behind on their home or vehicle and would like to retain these going further, or some who just do not like the idea of not paying their debts, but just cannot make the minimum monthly payments and would like to stop all interest and charged going forward.  Chapter 13 is a re-payment plan, you will pay back between 1% to 100% of your debts depending on your individual circumstances.  An unsecured creditor cannot charge you interest during a Chapter 13.  Once you complete your case you will be receive you discharge and all debts will be discharged.

AFTER DISCHARGE

Once you receive your discharge creditors are not allowed to collect on these debts in any way images5or form.  They cannot send you a bill, they cannot call you, they cannot take you to court, they cannot garnish your wages.  You are free and clear from these debts and you have gotten your fresh financial start!  Congrats!  Now how to stay that way and re-build your credit going forward.  The most important thing is to make any payments for debts that you reaffirmed on on time and try not to let debts get into collection.  Your credit will improve in no time.

MORE INFORMATION

Bankruptcy is serious decision, call today for your free consultation to see if it is the right one for you 513-422-2994.

Check out of website at www.middletown-bankruptcy.com.

Contact your Middletown, Ohio bankruptcy attorney today!

Choosing your bankruptcy attorney is as important as the decision to file

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice has been bankruptcy for over 27 years.

ARE YOU THINKING OF FILING FOR BANKRUPTCY

Are you thinking of filing for bankruptcy.  Looking for an attorney to represent you through the process?  Calling around to get a fee?  Looking for the lowest fee around?  Just remember that you get what you pay for.  Bankruptcy is a very specific process and must be done correctly so Fesenmyer Law Offices, LLC_that your case will go through and you will receive your discharge through your case.  You do not want any snags and want everything to go through smoothly.  It is stressful enough when everything goes just right let alone when things are messed up.  Some believe that bankruptcy is simple, so simple that they can even take care of it themselves.  This may have been the case in the past but since the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 things are much more difficult and more precise.  It is not recommended that you attack this task on your own.

Trying to file for yourself will most likely cause you more headaches than you would like to endure.  So the decision to seek an attorney to help you through the process is the best one.  You will want to find an experienced attorney who specialized in bankruptcy.

OUR LAW OFFICE

At the Keegan & Co. Attorneys, LLC our main focus of practice is bankruptcy, this is our main focus of practice.  Our office has specialized in bankruptcy for over 27 years.  We can provide you with the expertise that will make your bankruptcy seem simple and before you know you will be on with your debt free life.

FREE CONSULTATION

At our office we will offer you a free consultation where you will be able to sit down and discuss 25604196-a-person-drawing-and-pointing-at-a-bankruptcy-consulting-chalk-illustrationyour individual situation.  They will be able to advise you as to the best road for you to take on your financial journey.  Sometimes bankruptcy is the answer, sometimes it may not be the best decision.  The attorney will advise what is best for you.

At this free consultation the attorney will quote you a fee.  If you decide you want to move forward a small retainer will retain this office.  Once you have retained our office you will quit paying on bills you do not want to keep and refer your creditors to our office until your case is filed.  We will accept monthly payments until your case is filed.

MORE INFORMATION

For more information check out or website at www.middletown-bankruptcy.com call 513-422-2994 for your free consultation today!

At our Middletown, Ohio bankruptcy office we will be able to help you get out of debt and get a fresh financial start!

Chapter 13 Basics

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice has been Chapter 7 and Chapter 13 Bankruptcy for over 27 years.

In this blog, however, we will be focusing on Chapter 13.

WHAT IS CHAPTER 13 BANKRUPTCY

Chapter 13 is designed for people who are behind on their mortgage payments who would like to save their home or their income is too high to qualify for Chapter 7.  Chapter 13 involves fuelpaying your disposable income to creditors over a three to five year period.  During this time you will be able to make up any missed mortgage or vehicle payments.  Your unsecured creditors will be paid a percentage of what you owe them, once you complete your case and receive your discharge the remaining balance will be deemed discharged through the case.  This means that creditors will not be able to collect on these debts in any way or form.  They will not be allowed to contact you by phone, mail or any other means.

WHAT IS DISPOSABLE INCOME?

To determine your disposable income we will need to know your income for the last six months.  If you have had a pay cut or loss of overtime hours we can reduce your current income for these situations, same if you are making more money at the time we would have to increase your current income.  We would then need to subtract your expenses from your income.  This includes all of your expenses required to take care of your family such as food, rent or dollarsmortgage,vehicle payments, utilities and other such needs.  Then we consider things that you know you will be spending such as car repairs, home maintenance or medical expenses.  Then we need to look at things you may not be spending money on but it would be in your best interest to do so such as health insurance, life insurance or maybe a retirement savings account.  If you have expenses not mentioned that doesn’t mean we can’t count it as long as it is reasonable and necessary.  Once all of these expenses are counted they get deducted from your income and the remainder is an idea of your disposable income.

WE WILL BE THERE FOR YOU

It is not a good idea to try to file a Chapter 13 on your own at your court hearing the trustee will evaluate the reasonableness of your expenses and will try to cut them down so that there is extra money to pay your creditors.  Our job as your attorney is to protect the money that is necessary for you to take care of yourself and your family.  This is why we sit down with you and go over your unique situation and expenses with you thoroughly before the case is filed.

HOW MUCH WILL MY CHAPTER 13 PAYMENT BE?

Your Chapter 13 payments must be enough to cover certain required payments.  Your plan payment must be enough to pay for your mortgage arrears over the next five years, your current mortgage payment (as the 13 office would make your regular mortgage payment through the case), if you have a vehicle payment this will be included and a small amount for your unsecured creditors.

FREE CONSULTATION

Every situation is unique.  We offer a free consultation where you will be able to sit down with one of our attorney and discuss your situation.  The attorney will be able to give you an approximate amount of what your Chapter 13 payment would be at this free consultation.  They would also quote you a fee.  If you decided to move forward a small retainer would get things started and then we would take payments, once paid your case will be filed.

For more information see our website at www.middletown-bankruptcy.com.

Contact your Middletown, Ohio bankruptcy attorney today for your free consultation.

Bankruptcy is the best way out of debt

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice has been Chapter 7 and Chapter 13 Bankruptcy filings for over 27 years.

Are you struggling with debt?  Many Americans struggle with debt every year. Looking for the best way out of debt can be exhausting and time consuming.  The most common ways out of debt are debt consolidation, debt management, debt settlement, do it yourself and bankruptcy.  It is best to determine the best way out of debt for yourself.  But be careful, believe it or not there are many unreliable and even predatory companies out there that will take advantage of you if you’re not careful.

In this blog we will cover these basic ways out of debt and I will show you why bankruptcy is the best way out of debt.

DEBT CONSOLIDATION

Debt consolidation is when you get a new loan to pay off your existing debts. The term “consolidate” means to group several things together into one, which makes sense since debt consolidation groups all of your existing debts into a new loan.  Doing this may lower your monthly payment and possibly your interest rate.

downpigThe problem with debt consolidation is you have not reduced your amount of debt, you have simply lumped all of your debt into one loan with one payment.  You are still accruing interest on this high balance and it will take years to pay off this single loan.

Entering into a Chapter 13 bankruptcy will also lump all of your debts into one low monthly payment.  However, in Chapter 13 no interest will incur and you will only pay back a percentage of the debt you owe.

DEBT MANAGEMENT

A debt management plan is a program offered by companies or non-profit groups that say they will help you negotiate a new payment plan with your current creditors.  The debt management company will negotiate your debts with your creditors and you will make a monthly payment to the debt management company directly, while they will pay your creditors for you.

There are several problems with the debt management plan.  First and foremost an honest debt management company is hard to find.  Unfortunately not all of these companies are honest in what they are selling you and how they distribute your funds.  We have had more than one client say they paid to one of these companies without ever seeing their balances go down.

Bankruptcy is held in a federal court.  All bankruptcy attorneys are governed by their state bar association, which means we are legit and will not take your money and run per say.

DEBT SETTLEMENT

Debt settlement is when you work directly with your creditors and they will accept a lower amount of money than what you owe them.  You must have the full amount to immediately pay.  This is not too bad of a way out of debt, if you have the funds to do so.

Even if you do have the funds to do debt settlement, not all of your creditors may be willing to 7055048-uncle-sam-s-arm-with-palm-up-on-white-backgroundwork with you and give you a reduction in the amount you owe, so you would not get anywhere in the process with these creditors.  Also, creditors who do settle with you will send you a 1099 at the end of the year and you will need to claim the amount that the creditor wrote off as income on your next tax return.  You will most likely end up owing the IRS and that is just not pretty and there is not quick way out of owing debt to the IRS.

If you file for bankruptcy even in Chapter 7 where you will wipe out all of your debt and not have to pay back a dime, you will not receive any type of tax documentation.  You do not have to list a bankruptcy on your tax return.

DO IT ON YOUR OWN

Aren’t you already trying to do this?  Paying each month what you can afford to pay, but not really getting ahead.  It really depends on the amount of debt that you have if you will ever be able to get out of debt on your own.  If you don’t have much debt, then this will be a great option for you.  Unfortunately, the average american household has $15,000.00 in credit card debt, not to mention medical debt.  This is really no small amount to pull yourself out of.

BANKRUPTCY REALLY IS THE BEST OPTION

Bankruptcy gets a bad rap in the minds of many.  Many think you have to be a deadbeat or scum of the earth to end up filing for bankruptcy protection.  This is not true, there are thousands of bankruptcies filed in the U.S. each day.  Most are filed by families trying to get by, just like you.  Just because you file for bankruptcy does not mean that you are a bad person, just a regular person in a bad financial situation.

This is the fastest and easiest way to get out debt.  True, the bankruptcy filing will stay on your images (5)credit report for up to 10 years, but all of the options above will affect you for about the same amount of time.  The key to bankruptcy is afterwards paying all of your bills on time and not having debts go into collections.  You will be able to get new credit rather quickly if that is what you desire.  Under federal bankruptcy protection you can wipe out all of your debts and get a fresh financial start, without much penalty.

MORE INFORMATION

For more information check out our website at www.middletown-bankruptcy.com.

Call 513-422-2994 today for your free consultation to see if bankruptcy is your best way out of debt.