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Hire an Experienced Bankruptcy Attorney -It Makes a Difference

Are you thinking of filing bankruptcy and looking for an attorney to represent you through the process?  Calling around to get a fee?  Looking for the lowest fee possible?  Remember you get what you pay for.  Bankruptcy is a very technical process and must be done correctly to receive a discharge of your debts and protection of your assets.

Don’t be penny wise and pound foolish.  Seek an experienced bankruptcy attorney to move you through the process.  Don’t lose $10,000 by trying to save $100 in fees but not paying for the best representation you can get. We handled 1,000’s of cases and have the ability to represent you to the best outcome for you.

OUR LAW OFFICE

Since 1992, the primary focus of Keegan & Co. Attorneys, LLC is bankruptcy law. Our experienced attorneys will guide you through to a debt free life. We have over 55 years of combined experience.

FREE CONSULTATION

Call 513-752-3900 to schedule a free consultation to discuss your individual situation.  Our attorney will advise you as to the best road for you.  Sometimes bankruptcy is the answer, sometimes it’s not the best decision.  We will advise what is best for you.

At this free consultation the attorney will quote you a fee.  We will accept monthly payments until your case is filed.

 

Struggling with Debt? What You Should Know to Avoid Making Things Worse…

Good people find themselves deep in debt for a lot of reasons:  Job loss, health issues, and divorce are common reasons for debt problems.  We see people try all kinds of ways to try to stay ahead.  Here are some things that you should NEVER do:

Do not take out a second home mortgage to pay debts.  This transfers unsecured debts to secured debt attached to your home. If you cannot make payments your creditor will foreclose on your home. It is possible to protect your home in bankruptcy.

Do not pay debts using your retirement savings account.  Retirement accounts are protected through a bankruptcy filing.

Do not max out your credit cards to stay afloat.  Recently incurred charges may not be able to be discharged through a bankruptcy filing.

Do not transfer your home to another person to avoid having a lien placed on your property.  Call us first to discuss any such transfers.

Bankruptcy is not the end of the world.  There are hundreds of thousands of bankruptcy filings in the United States each and every year.

Here are some thoughts of things to do when filing for bankruptcy.

Do consider this decision very carefully.  Under Chapter 7 you will only be able to receive a discharge every 8 years.  There are other options if you have filed within the last 8 years and are struggling.  Contact us for a free consultation.

Do follow the advice of your attorney.  At our office we have over 55 years of combined experience and will be able to guide you to make sure your bankruptcy is as painless as possible.

Do be honest in all of your answers on the petition.  Be sure to list all assets and not leave anything out. We can usually protect your assets with full disclosure and some pre-planning.

Do be sure to list all of your creditors on your petition.

Do close any bank accounts with which you have credit lines or credit cards.  This will prevent the account from being seized by the creditor.

Bankruptcy is a serious decision and should not be taken lightly.  Contact our office for your free consultation to discuss your individual situation to see if bankruptcy is the right decision for you.

 

 

BANKRUPTCY AND YOUR RETIREMENT ACCOUNT

SHOULD I CASH IN MY RETIREMENT TO PAY MY DEBT?

The answer is NO!  Almost always s bad idea!  You have worked hard and saved for retirement.  Your retirement is just for that, your retirement.  Most likely your current employer provides funds for retirement.  If you are already retired then you need these funds now, do not cash them in to pay debts.

Bankruptcy may be available for you.   Under  Bankruptcy  law your retirement funds are protected.  You can file bankruptcy and keep your retirement accounts for when they will be needed – when you retire.

WHAT IS BANKRUPTCY?

A federal law set up which will allow you to discharge all of your unsecured debts.  Once a discharge is issued creditors can no longer collect on debts included in the bankruptcy.  You do not have to pay any of these debts and you do not need to report the filing to the IRS as income.  There are two main chapters filed by most consumers – Chapter 7 and Chapter 13.

CHAPTER 7 

Chapter 7 is the most common bankruptcy filing.  It goes by many names, Chapter 7, straight bankruptcy, simple bankruptcy, liquidation bankruptcy and so forth.  In a Chapter 7 you wipe-out all of your unsecured debts.  If you have secured items you would like to keep such as a home or vehicle you will be able to reaffirm on these debts through your case.

CHAPTER 13

Chapter 13 is designed for those who are over income for Chapter 7 or who are behind on their homes or vehicles.  Chapter 13 is a repayment plan.  Under Chapter 13 you will have 3 to 5 years to make up payments on your home or vehicle.   You will pay back a percentage of your debts to your unsecured creditors.  You will receive a discharge at the end of your case.

MORE INFORMATION

For more information call us at 513-752-3900 to schedule a no obligation, free consultation with an experienced attorney.  Since 1992,  Keegan and Company Attorneys has helped thousands of people of the Cincinnati area get well deserved financial relief and asset protection. We are here and available to help you!

BANKRUPTCY & THE SENIOR CITIZEN

Bankruptcy is designed to help people overly burdened with debt gain a fresh start. Often the person needing relief is a senior citizen. We have a rapidly growing senior population and while many have been able to plan for the future with quality pensions and health insurance plans, many rely solely on social security.  Problems develop when these individuals are hit with demands from creditors on debts they have co-signed on, often for their children and grandchildren.

In most cases, if you are senior citizen collecting social security, you will likely travel through the bankruptcy process problem free. Even if you own your home or car outright the asset exemptions for Ohio residents is high enough that it will likely protect your home and your vehicle.  If you are elderly, you may qualify to have the filing fee waived by the court.

Social security and pension plan payments are exempt in bankruptcy. In other words, they will not be touched by the bankruptcy court.

Many seniors place undue pressure on themselves to pay debts when they are struggling to pay for food and medication. Many were raised with the view that bankruptcy is not an option and see it as indicator of failure. In reality bankruptcy is a legal option that allows seniors to focus on their own needs and not their creditors.

Contact our office today to see if bankruptcy will be able to help you or your aging parents get a fresh financial start.

Call 513-752-3900 to schedule your free consultation with an experienced attorney.  We offer a free consultation, fair fees and monthly payment plans. We are caring and knowledgeable attorneys.