Christmas Debt

We are bankruptcy attorneys located in Eastgate, Ohio.

Did you know that half of all shoppers plan to borrow money to pay for Christmas.

Taking on debt isn’t the end of the world as long as it gets paid off promptly. But many Americans don’t seem to have such a fiscally responsible outlook: 36 percent in one survey said that buying presents for loved ones was more important than sticking to a budget or not taking on more credit card debt. Retailers will be happy to note that of the 90 percent of Americans planning to buy gifts this season, almost a third of them (31 percent) approach the task with no predetermined spending limit. This is just what they want. Of course they are in business to make money, but does that really have to be at your cost. Once those monthly statements come rolling in, debtors may not be able to make the monthly payments. Cutting corners in other areas such as food and their utilities. Every time you go to the grocery store it seems they’ve raised the prices again and many americans will be facing increased health insurance rates in the coming year.

All of this will add up to more people struggling to pay their living expenses. Some may resort to pay day loans, which is a viscious cycle, once you pay them back you need to take out another loan because you have paid them all of your money and the same the next time you get paid!

We can help you file for bankruptcy. Bankruptcy may be the solution to your financial problems. At our office we offer a free consultation where you can sit down and talk to an experienced knowledgable bankruptcy attorney. He will be able to explain your options and you will know what you plan to do by the time you leave our office. Bankruptcy does not hold the old stigma of the past, in todays economy bankruptcy is quite common.

For more information check out our website at https://keegancolpa.com

If you are interested in filing for bankruptcy contact our Eastgate, Ohio bankruptcy attorney today.

Bankruptcy Consultation

We are bankruptcy attorneys located in Eastgate, Ohio.

Are you considering filing for bankruptcy protection?  If so, you should contact our office today and make your appointment for your free consultation.

At this free consultation you will be able to sit down with an experienced knowledgeable bankruptcy attorney.  He will listen to your situation and then be able to advise you which steps you need to take next.

You do not need to bring much to this free consultation.  Just basically bring yourself.  Everything you will need to know will be in your head.  Such as how much debt you have and what your income is.  Are you current on your home or are you behind, has there been a foreclosure filed?  Are you current on your vehicle or are you behind on your vehicle.  All of this information will allow for the attorney to determine which Chapter of bankruptcy would be best for you.

There are several bankruptcy chapters, but most consumers file Chapter 7 or Chapter 13 bankruptcies.  What are the differences in the chapters?

Chapter 7 Bankruptcy

Chapter 7 is referred to as straight bankruptcy.  In Chapter 7 Bankruptcy you will be able to discharge (clear) all of your unsecured debts while retaining secured items that you wish to keep and continue to pay on.  Once you receive this discharge your creditors cannot collect on this debt at anytime, now or in the future.

Chapter 7 Bankruptcy will stop all collection proceedings including, phone calls, mailings, garnishments and court proceedings.

Chapter 13 Bankruptcy

Chapter 13 is a re-payment plan that will stop a foreclosure or repossesion of a vehicle.  Chapter 13 Plans last for three to five years.  During this re-payment period you will be able to pay back all your missed payments on your home or vehicle.  Your creditors will file claims with the court to be paid and the Chapter 13 Trustee will disburse your funds to your creditors for you.  At the end of Chapter 13 Bankruptcy you will receive a discharge under the bankruptcy code. 

Retention

Once you decide to file for bankruptcy protection and retain this office you will then be able to let your creditors know that you have decided to file for bankruptcy and refer them to our office.  This will relieve alot of stress for you.

A small retainer fee will get the process started, we will then accept monthly payments until your fees are paid in full.  At that point we would file your bankruptcy case.

Fore more information check out our website at Keegan

Contact our office today and schedule your free consultation with one of our Eastgate, Ohio Bankruptcy Attorneys.

 

Would Debt Consolidation Be Better?

Won’t I get a better credit rating if I just go through a debt consolidation company?  No, you will not.  It will cost you less money and you will rebuild your credit rating faster if you file for Chapter 7 or Chapter 13.  Be cautious if you are considering using a credit counselor or debt consolidation company.  Also read about the problems of unscruplous companies in the credit counseling industry and the action the IRS has taken against “non-profit” credit counseling groups following widespread abuse.

If you are considering these options you should contact our office today for your free bankruptcy consultatin to discuss your individual situation.  We have office in Eastgate, Middletown and Fairfield to serve you.