Considering Bankruptcy

We are bankruptcy attorneys located in Middletown, Ohio.  Bankruptcy has been our main focus of practice for over 26 years.

Are you struggling with debt? The phone is ringing off the hook with creditor calls, the mailbox is bankruptcy-attorneyoverflowing with bills.  Is it all getting too much to handle?  You have tried but the struggle is never ending.  It seems as soon as you start to get ahead something else comes up and gets you behind.  Bankruptcy may be the answer to your financial troubles.

OUR OFFICE

At our office we offer a free consultation.  At this free consultation you will be able to sit down with a qualified experienced bankruptcy attorney and discuss your current situation and ask any questions you may have.  The attorney will at this free consultation advise which chapter will be best for you.

There are several chapters of bankruptcy available under the federal bankruptcy code, however, Chapter 7 and Chapter 13 are the most common filings among general consumers.

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is also referred to as straight bankruptcy or liquidation bankruptcy.  This chapter is available for most consumers.  Under Chapter 7 Bankruptcy protection you will be able to discharge all of your unsecured debts under the bankruptcy code.  A discharge is a document issued by the federal court which deems your debt non-collectable by creditors.  Once you file for Chapter 7 protection all collection practices by creditors must stop.  This includes but is not limited to phone calls, mail harassment, court proceedings and garnishments.

Chapter 7 is sometimes referred to as a liquidation bankruptcy because the Chapter 7 Trustee may take some of your assets and sell them to pay your debts.  However, most people are happy 8923945-debt-free-green-road-sign-with-dramatic-clouds-sun-rays-and-skyto find out that they are able to keep most of their assets as there are exemptions to protect these assets.  There are cases, however, where you may have equity and have to pay back some to the Trustee.  Most people are happy to pay back this small amount compared with the debt that they are discharging through the bankruptcy.  Call our office today for your free consultation to discuss your individual situation.

In Chapter 7 Bankruptcy you will be able to keep your home and vehicle.  You must however, be current on your payments on these assets if you wish to keep them.  The creditor will have a reaffirmation agreement for you to sign and this will deem the debt non-discharged through the bankruptcy.  This document will also guarantee that the creditor will continue to report your payment history to the credit reporting agencies, thus rebuilding your credit after the bankruptcy filing.

As many as 65% of consumer filings in the US are Chapter 7 Bankruptcy filings.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy also referred to as a wage earner plan you will allow you to retain ownership and possession of all assets that you wish to keep.  But you may also surrender assets through Chapter 13, if you wish.  In Chapter 13 Bankruptcy you must have income to support the case as you will be making monthly payments to the Chapter 13 Trustee and they will be disbursing your funds to your creditors for you.  It is up to the creditor in a Chapter 13 Bankruptcy to file a claim in order to be paid.

Chapter 13 can stop a foreclosure.  If you are in foreclosure and want to save your home you can file a Chapter 13 and stop the foreclosure.  Your mortgage holder cannot object to your bankruptcy homefiling and must file a claim in your case to be paid.  Chapter 13 generally lasts for a three to five year period.  During this time you will be able to make up all your missed payments and the Trustee will disburse your regular house payment.  This is a good thing because at the end of your case the trustee will file a notice with the Court that all payments are current and deems that your mortgage holder cannot come back on you for additional fees incurred while you were under bankruptcy protection.

If you are behind on your vehicle, Chapter 13 can also stop repossession and give you time to make up the missed payments over the three to five year period.

Contact Us

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

Every situation is unique so contact your Middletown, Ohio Bankruptcy Attorney today for your free consultation.

BANKRUPTCY

We are bankruptcy attorneys located in Middletown, Ohio.  Our primary practice is focused on Chapter 7 and Chapter 13 bankruptcy filings.

Are you struggling with debt, looking for a way out of debt.  The feeling can be overwhelming.

Frustrated man in debt.

Worry to check the mail box or answer the phone.  Looking for a way out of debt!  You are not alone most Americans struggle with debt and the struggle is real!  There is no reason to be ashamed, medical debt, divorce, job loss or just bad judgment no matter the reason debt can happen and it does every day to millions of people.  Things can happen to cause debt to get out of control that are usually out of your control but then you must find a way out debt.

SHOULD I CASH IN MY RETIREMENT TO PAY MY DEBT?

The straight up answer here is NO!  This is a bad idea!  You have worked hard and saved up your retirement for your whole life.  Your retirement is just for that, your retirement.  Funds you will need as you grow older and will no longer be  able to run the race everyday like you do now.  Most likely you are currently employed which provides funds for your needs just as your retirement funds will provide for your needs in the future.  If you are already retired then you needs these funds now, these are your funds to provide for your needs, you need these funds, do not cash them in to pay debts.

Bankruptcy may be available for you.   Under the federal code your retirement funds are protected.  You can file for bankruptcy protection and keep your retirement accounts for when they will be needed..when you retire.

WHAT IS BANKRUPTCY?

A federal code set up which will allow a debtor to discharge all of their unsecured debts.  Once a discharge is issued creditors can no longer collect on debts included in the bankruptcy.  You do not have to pay any of these debts and you do not need to report the filing to the IRS as income.  There are two main chapters filed by most consumers which are Chapter 7 and Chapter 13.

CHAPTER 7 

Chapter 7 is the most common bankruptcy filing.  It goes by many names, Chapter 7, straight downloadbankruptcy, simple bankruptcy, liquidation bankruptcy and so forth.  In a Chapter 7 you will be able to discharge all of your unsecured debts.  If you have secured items you would like to keep such as a home or vehicle you will be able to reaffirm on these debts through your case.  Chapter 7 is sometimes referred to as a liquidation bankruptcy because the trustee in a case may liquidate some of your assets, however, most assets are protected under the state exemption levels.

CHAPTER 13

Chapter 13 is designed for those who are over income for Chapter 7 or who are behind on their homes or vehicles.  Chapter 13 is a repayment plan.  Under Chapter 13 you will have three to five years to make up payments you are behind on your home or vehicle.  The trustee will make these payments for your.  You will pay back a percentage of your debts to your unsecured creditors.  You will receive a discharge at the end of your case.

MORE INFORMATION

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

Contact your MIddletown, Ohio bankruptcy attorney to see is bankruptcy is the right decision for your.

Debts Becoming Overwhelming?

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice has been bankruptcy for over 20 years.

Are you struggling with debt?  The phone calls begin in the morning and continue all night (thank goodness for caller id right).  The stack of new bills in the mail box every day becomes confusing, they sell your debts to new collectors and the collectors do not even tell who they are collecting from.  It really doesn’t matter anyway, you cannot pay them, or they would not be in collection.  Several factors can bring a person to this point.  Medical illness, divorce, job loss, colddogor a number of other reasons.  It happens to people all of the time.  There is no reason to get depressed about it.  Just hiding your head under the covers will not make bills go away.  You cannot continue to just ignore them.  Filing things away in the trash and just ignoring the calls.  Not that you  can pay but bankruptcy may be a good option to give you a fresh financial start.  There is no shame in filing thousands do it each year.  Bankruptcy filing does not hold the old stigma it used to.

Chapter 7 and Chapter 13 are the most common consumer bankruptcy filings.  At our office we offer you a free consultation where you will be able to sit down with one of our experienced attorneys and they will be able to discuss with you which chapter is best for your current situation.

CHAPTER 13

Many cringe at the thought of a Chapter 13, but it really is good.  It is designed to help you if you are behind on your home or your vehicle.  If you had fallen behind but are now back on your homefeet filing for Chapter 13 will give you three to five years to pay back your missed payments.  The trustee will disburse your funds to your creditors each month.  As to your unsecured creditors they will be paid a percentage of what you owe them.  Unsecured creditors will not be allowed to contact you or charge you additional interest while you are in the case.  Once completed you will receive a discharge.

CHAPTER 7

Chapter 7 is the most desired bankruptcy filing.  Under Chapter 7 you will be able to discharge all of your unsecured debts.  Chapter 7 is also referred to as a straight or simple bankruptcy.

MORE INFORMATION

For more information contact us today for a free consultation 513-422-2994.

You can also check out our website at www.middletown-bankruptcy.com.

Contact your Middletown, Ohio bankruptcy attorney today to see if bankruptcy is the right fresh start for you!

BANKRUPTCY AND GARNISHMENTS

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice  has been Chapter 7 and Chapter 13 bankruptcy filings for over 26 years.

Credit is no game and can become very serious very quickly if you fall behind on your payments.  Or even worse come where you cannot make a payment at all.  The phone will begin to ring early in the morning and not end till late at night.  The mail box will fill with new bills from collection agencies, attorneys and eventually from your local court.  Once a judgement is obtained against you a creditor will be able to garnish your wages.

In the state of Ohio a garnishment will be 25% or your pay before taxes have been taken out. That’s a pretty good chunk.

But don’t worry you can still file for bankruptcy and get this garnishment stopped!

BANKRUPTCY

Bankruptcy is a federal code designed to help people get a fresh financial start.  Under the code you can discharge all of your debts.  A discharge is documentation stating that your debts are free and clear, a creditor cannot come back on you and collect on these debts in any way or form.

This would include any current garnishments.  Once a bankruptcy is filed a garnishment must stop.  Any garnishments that would happen after a filing will be returned to you by the creditor.  The judgment will still remain on your credit report, but will show you owe no liability.  Bankruptcy does not change the past, just clean it up.

There are two main chapters filed by consumers.  Chapter 7 and Chapter 13.

Under Chapter 7 you will be able to discharge all of your unsecured debts.  All collection efforts against you must stop immediately.

Chapter 13 is a repayment plan.  Under this plan you will be in the case for three to five years.  All collection efforts must cease immediately upon filing.  Chapter 13 will stop a foreclosure or repossession of a vehicle and allow you to keep these secured items through the plan.  You will be able to make your missed payments over the three to five year time period.  At the end of your case you will receive a discharge.

MORE INFORMATION

Bankruptcy is complicated, don’t brave it alone.  Contact us today for a free consultation.  At this consultation you will be able to sit down with one of our attorneys and discuss your individual situation.

You can also check out our website at www.middletown-bankruptcy.com.

Contact your Middletown, Ohio bankruptcy attorney today to get a jump on your fresh financial start!

 

Bankruptcy

We are bankruptcy attorneys located in Middletown, Ohio.  Our main focus of practice is Chapter 7 and Chapter 13 bankruptcy filings.

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 8923945-debt-free-green-road-sign-with-dramatic-clouds-sun-rays-and-skythat 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 this field.

OUR LAW OFFICE

At the Law Office of Keegan and Andrade we specialize in bankruptcy, this is our main focus of practice.  Our office has been in practice for over 25 years.  We can provide you with the expertise that will make your the process 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 or call 513-752-3900 for your free consultation today!

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