Filing bankruptcy is an important decision. Bankruptcy is designed to give you a fresh start by resolving overwhelming and stressful debt—So you can get on with your life!
The process usually takes around three months from beginning to end. The first step is to make a free consultation appointment with one of our attorneys. Bring along some financial information for our attorney to review. Eventually, in order to file your case, we will need a complete list of your assets and debts.
Our attorney will discuss with you exemptions that allow you to keep equity in your home, cars, retirement accounts and other items.
Once we have all your documentation and your costs and fees are paid, we will file your case. A meeting with the United States Trustee is scheduled about 30 days after filing. These meeting are currently being held by Zoom or telephone. You and your attorney will meet at OUR office to meet together with the trustee. There is no need to go to court or drive downtown!
Chapter 13 bankruptcy is a repayment plan which protects wages and assets from attachment while completing the plan.
Not all people qualify for a Chapter 7. The criteria to qualify is based on your income, family size,debts and other financial information.
In a Chapter 13 case, clients pay a percentage of unsecure creditors’ debts. Depending upon the circumstances, sometimes the amount repaid is as low as 1%. We will need your income for the last six months to formally evaluate whether you should do a Chapter 7 or Chapter 13 case.
Our office does no charge for the initial consultation. Your attorney will quote you a flat rate after evaluating your case. The more detailed income and debt information you provide at the intial consultaion, the better we can properly advise you on your legal rights. Call 513-752-3900 to schedule an appointment at one of our convenient locations.