We are bankruptcy attorneys located in Middletown, Ohio. We specialized in Chapter 7 and Chapter 13 Bankruptcy filings.
Are you struggling with debt? Thinking of filing for bankruptcy, but not sure how to gather all of your debt? It’s not unusual for some debtors to ignore bills and phone calls from creditors, and some borrowers do not even know how much they owe or who them owe. But what do you do when are are ready to tackle the problem? How do you identify all of your consumer debts?
STEPS TO IDENTIFY CONSUMER DEBTS
First, to identify your consumer debts you will need to gather all of your bills together. It is not a good idea to just throw away your bills that come in the mail even if you know you cannot pay them. It is best just to start a pile of bills and keep all that come in the mail. that way you can be sure that you have all of the bills that you owe.
Next it is important to pull your credit reports. You can pull your free credit report once a year. There is a real and true website which provides this information www.annualcreditreport.com. They will mail your credit reports to you in the mail.
If your consumer debts have been sold to a collection agency they will most likely be reported to the credit reporting agencies and will be listed on your credit reports. This is also why it is a good idea to keep all documentation that comes in the mail so that you may notify all of your creditors when you file your case.
DON’T THESE DEBTS GO AWAY AFTER A PERIOD OF TIME
Many people believe that if they just wait long enough their debt will go away by virtue of the statute of limitations. However, in the State of Ohio, each time a debt is sold the statute of limitation will begin again. Therefore, it is most likely that the debt will never just go away on its own.
BANKRUPTCY CAN HELP YOU
Bankruptcy is available for consumers who are struggling with debt. in a Chapter 7 you can wipe out all of your unsecured debt and get a fresh financial start. You do want to make sure you list all of the creditors so that you can really start fresh without any lingering debt that you forgot. At our office we offer you a free consultation At this consultation you will be able to sit down with one of our attorneys and discuss your individual situation. The attorney will quote you a fee based on your case. If you decide to move forward a small retainer fee will get retain our office. Once you retain our office you will be able to stop paying on debts that you do not want to keep. And you will be able to refer those creditors who are harassing you to our office and we deal with them until your case is filed. We will then take payments until you are paid in full and then your case will be filed.
The court will notify all of your creditors listed on your case of your bankruptcy filing. They will then no longer be able to contact you in any way, including by phone or in the mail.
For more information check out our website at www.middetownbankruptcy.com
Call your Middletown, Ohio bankruptcy attorney today to get a jump on your fresh financial start 513-422-2994.