Many people have trouble paying their bills, especially when they lose their job. If you are overwhelmed by debt and can’t pay your bills, you may have to file for bankruptcy. There’s no formula for deciding when bankruptcy is the right choice. It’s an option to consider if:
- You are paying only minimum amounts on your bills and
- You can’t budget yourself out of debt within five years or
- You are getting notices that your mortgage or loans are being foreclosed or
- You have had a severe financial setback, such as losing your job, going through a divorce, or incurring costly medical expenses
Bankruptcy doesn’t avoid all debts
Non-dischargeable debts include:
- Alimony
- Child support
- Back taxes
- Student loans
- Fines or penalties of government agencies
- Fraudulent debts
- Cash advances taken shortly before or in anticipation of filing bankruptcy
As a consumer..
You can file for bankruptcy in Ohio under either:
- Chapter 7 (Liquidation Bankruptcy)
to wipe out all debts except those listed above, or - Chapter 13 (Wage Earner Bankruptcy)
to set up a repayment plan to pay back your debts over an extended period of time.
Your Trusted Bankruptcy Lawyer in Ohio: Experts Legal Help
If you’re overwhelmed by debt and seeking a fresh financial start, consulting with experienced bankruptcy lawyers in Ohio is a crucial step. I, David L. Lash, specialize in guiding individuals through the complexities of bankruptcy law. With a deep understanding of both Chapter 7 and Chapter 13 bankruptcy proceedings, I am committed to helping you regain control of your financial future.
Many individuals face financial challenges due to unforeseen circumstances such as job loss, medical expenses, or divorce. If you’re struggling to pay bills, receiving foreclosure notices, or only managing minimum payments, bankruptcy might be a viable option. It’s important to note that while bankruptcy can discharge many debts, certain obligations like alimony, child support, back taxes, and student loans are typically non-dischargeable.
As a dedicated bankruptcy attorney near me, I offer personalized consultations to assess your unique situation and determine the best course of action. Whether it’s filing for Chapter 7 to eliminate unsecured debts or opting for Chapter 13 to establish a manageable repayment plan, I will work closely with you to navigate the legal process effectively.
Don’t let debt control your life. Contact me today to schedule a consultation. Together, we can explore your options and take the first step toward financial freedom.
