We are bankruptcy attorneys located in Middletown, Ohio. We specialize in Chapter 7 and Chapter 13 bankruptcy filings.
The weather is finally getting warmer. Time for the rebirth of nature. Spring is lovely with all of the birds, flowers and bright green grass, especially after the long, cold grey winter.
Sometimes we can get into a groove of a long grey financial winter. You can never seem to get ahead, always struggling. Start to get a debt down and boom an emergency comes along and you must incur more debt. Or maybe you just really don’t have enough income to cover your debts you are paying and after paying all month at the end you don’t have enough funds to cover your needs and there you are at the register again with the credit card, incurring more debt. If you didn’t have all of those debts to pay you probably would have the funds to make it through each month.
Don’t you think it is time for a fresh start! Let’s get a jump on your financial spring. When everything is new again. Bankruptcy can help you do this. There is no reason to keep struggling, thinking some day you will be able to pay off this debt and have enough funds to make it through the end of the month. Not to be a downer, but really, how? Most carry so much debt they would need to get a tremendous raise in their income to overcome the debt and make some headway. We all know in this economy that is not going to happen for most.
If you are struggling in such a manner it would be in your best interest to consider a bankruptcy filing. Many believe that having to file is the end of the world and that they will lose everything they own and have worked so hard to get. This is simply not true. Thousands file for bankruptcy protection in the United States each year, it is just not something that people go around talking to each other about very often, but they do file. As to your assets that you have acquired, most will be protected under the bankruptcy exemptions.
Chapter 7 is the most sought after chapter. Under this chapter you will be able to discharge all of your unsecured debts and get a fresh financial start. You will not have to pay any of your debts. Once you receive your discharge the creditors cannot harass you in anyway, including sending you bills, calling you, taking you to court or garnishing your wages.
Chapter 13 can help you save your home from foreclosure or if you are behind on your vehicle payments it can also stop a repossession of your vehicle. Under this chapter you would make a monthly payment to the Chapter 13 Trustee and they would disburse this money monthly to your creditors. Under this chapter you will pay back a portion of your unsecured debts anywhere from 1% to 100%. After you complete your case you will receive a discharge of debts and a report of all debts which were paid through the case.
For more information check out our website at www.middletown-bankruptcy.com.
Call your Middletown, Ohio bankruptcy attorney today to get a fresh financial start!