Experienced Attorneys Explain Chapter 7 Bankruptcy
How to qualify for Chapter 7 bankruptcy in Ohio
When you find yourself with overwhelming debt, Chapter 7 bankruptcy can provide a fresh start. Chapter 7 bankruptcy is designed to help eligible debtors eliminate most forms of unsecured debt, such as monies owed on credit cards and personal loans. Ernst & Associates’ diligent and talented bankruptcy attorneys can, under some circumstances, even help debtors keep their home, car and other personal belongings.
Even if you do not qualify for Chapter 7 bankruptcy, our innovative and skilled Chapter 13 bankruptcy attorneys can work with you to find alternative methods of debt relief, such as:
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Our Lebanon, Ohio bankruptcy attorneys determine bankruptcy eligibility at no cost to the client during a no-charge initial consultation.
Consumer bankruptcy proceedings in Ohio
Filing a petition with the bankruptcy court automatically halts creditors from harassing you. After consulting with you, our credit counseling lawyers provide the court with a list of assets and liabilities and, where necessary, a certificate of credit counseling.
A trustee appointed by the court supervises your Chapter 7 bankruptcy. The trustee holds a hearing where you answer questions under oath about your assets and finances.
Most debtors wish to keep their homes and automobiles. Our Lebanon, OH area bankruptcy attorneys can draft an agreement in which, in exchange for your agreement to pay your debts — in whole or in part — the lender promises not to repossess your home or car.
Not all debt is dischargeable in bankruptcy. For example, spousal support and student loans cannot be discharged in this way. Consult with our dedicated Chapter 7 bankruptcy lawyers in West Chester, Ohio to discover which of your debts are dischargeable.
Business bankruptcy considerations in Ohio
Partnerships, sole proprietorships and corporations are also eligible to file for Chapter 7 bankruptcy protection. However, while individual consumer debt is discharged in bankruptcy, businesses do not qualify for discharge of their debt under Chapter 7 bankruptcy, so they may wish to seek debt relief through other forms of debt reorganization and relief. Our Ohio bankruptcy attorneys can advise you as to what plan is best for your business.
Free consultation with southwest Ohio bankruptcy attorneys
It is imperative when you seek debt consolidation, discharge or reorganization that you be represented by Ohio bankruptcy attorneys experienced in the various strategic considerations involved in bankruptcy proceedings. Our bankruptcy advocates at Ernst & Associates know how to achieve your goals. Contact us online or by telephone at 513-268-0738 for a free consultation.
