Bankruptcy Attorneys in Cincinnati
Unexpected life events like a job loss or a medical event can make your financial burden unmanageable. When you’re overwhelmed with debt, our bankruptcy attorneys in Greater Cincinnati and Northern Kentucky can help you get immediate relief from creditors. Bankruptcy can help you stop creditors and restructure your finances to get a fresh start.
You can discharge debts, get caught up on overdue payments, and get the clean start you deserve. Our experienced bankruptcy lawyers can help you understand the meaning of a bankruptcy filing. Our skilled professionals can help you structure your bankruptcy to provide the maximum benefit available under the law.
Immediate Relief For Financial Problems Through Bankruptcy
If creditors bring lawsuits against you or garnish your wages, your financial issues won’t disappear unless you take action. When you file for bankruptcy, you stop creditors in their tracks.
After you submit your initial filings, creditors may not contact you or take any action to collect a debt. A bankruptcy trustee is appointed to your case when you file for bankruptcy. They determine what’s fair for you to pay to your creditors.
A bankruptcy proceeding stops creditor phone calls, letters, and other harassment that can be frustrating when you get behind financially.
Payment Plans Offered
Concerned that filing bankruptcy might be too expensive? We’ve got you covered! You can file a bankruptcy for as little as $300 to $400 down – sometimes in less than a week. Start the automatic stay and stop harassing creditor calls, garnishments, repossessions, and foreclosures. Lawrence & Associates Accident and Injury Lawyers, LLC can set up a checking account deduction to make post-filing payment plans easy. And if you aren’t happy with our service, you can walk away at any time, even if we’ve already filed your bankruptcy. Check out the affordable payment plan options we offer.
Why Choose the Bankruptcy Attorneys of Lawrence & Associates Accident and Injury Lawyers, LLC to Help
When you work with our experienced Cincinnati bankruptcy attorneys, our legal professionals take swift action to stop creditors and help you restructure your finances. Even if you are facing immediate actions like foreclosure, repossession, wage garnishment, or levies on your bank account, Lawrence & Associates Accident and Injury Lawyers, LLC can immediately stop the action and protect the assets that matter to you most.
The best option is to contact our professional team when you feel out of control. Our bankruptcy lawyers can help you determine if it’s the right time to file for bankruptcy. We can explore how the law applies to your situation and what you can expect if you choose to proceed with a bankruptcy proceeding. Send us a message using our live chat feature, or call (513) 351-5997 to talk to a team member.
Do I Qualify For Bankruptcy in Cincinnati or Northern Kentucky?
There are two types of personal bankruptcy – Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both types of bankruptcy can be helpful to stop creditors, discharge debts, and become current on payments for big-ticket items like your home and your car.
When you feel overwhelmed with debt, you likely qualify for either Chapter 7 or Chapter 13 bankruptcy. If you make below the median income in your state, you may qualify for Chapter 7 bankruptcy. If you make more than the state median income, you’re current on your taxes, and you can make at least some payments on your debts, you may qualify to file a Chapter 13 bankruptcy.
There are advantages to each type of bankruptcy filing. Both Chapter 7 and Chapter 13 proceedings can help you wipe bad debts clean and restructure your finances. If you have a previous bankruptcy filing, a waiting period applies. Our experienced Cincinnati bankruptcy lawyer and Northern Kentucky bankruptcy lawyers can help you determine which option is best for you.
Bankruptcy Property Exemptions
You might worry that if you file for bankruptcy, you must give up personal items that are important to you, like your home or personal effects. Fortunately, key exemptions in bankruptcy law allow you to keep what matters to you most. When you file for bankruptcy, you can claim exemptions under the law to the statutory maximum.
In Ohio, your bankruptcy exemptions may include the following:
- Homestead, up to $136,925
- Personal vehicle, up to a value of $3,775
- Payment on a burial plot
- Household goods, up to a total value of $12,625
- Health aides
- Tools and equipment for a professional trade
- Payments from a personal injury claim up to $24,700
- 401k, 403(b), IRA, and other tax-exempt retirement accounts
- IRA and ROTH IRA accounts, up to $1,283,025
- Wages and public assistance
In Kentucky, the bankruptcy exemption levels change nearly every year. The experienced bankruptcy attorneys with Lawrence & Associates Accident and Injury Lawyers, LLC follow these changes closely and can help you take advantage of your right to claim exemptions.
How you structure your finances can significantly impact your bankruptcy exemptions. The best time to speak with a bankruptcy attorney is before you file for bankruptcy. Our attorneys can help you structure your finances in a way that allows you to claim the maximum exemptions available under state law.
How To Stop Creditor Harassment
When your finances become stressful, creditor harassment can worsen an already stressful situation. As soon as you file for bankruptcy, collection efforts must stop. That includes late-night phone calls, contact at your home or work, and even formal legal proceedings that have already begun. A bankruptcy filing can help you address all of the following debts:
- Credit card debts
- Overdue mortgage payments
- Personal loans
- Bank loans
- Overdue vehicle payments
- Medical debt
- Utility bills, in some circumstances
- Civil court judgments in some circumstances
Debt Consolidation Attorneys in Greater Cincinnati and Northern Kentucky
Some types of debts don’t qualify for bankruptcy discharge. If you have student loans, alimony payments, or child support liabilities, you cannot dispose of them through a bankruptcy proceeding.
However, you can use a bankruptcy filing to address other debts to make it easier to meet your obligations. Bankruptcy can work to help you consolidate your debts into a monthly payment that fits within your income and your budget.
Bankruptcy in Cincinnati and Northern Kentucky
Filing for bankruptcy in Cincinnati and Northern Kentucky means filing paperwork that lists your debts, assets, and income. The court must have the right information to verify your eligibility for the type of bankruptcy you file. The court appoints a trustee to oversee your filing. Creditors have the opportunity to meet and verify the information in your case. When the trustee is satisfied, the court issues an order discharging your debts.
If you file a Chapter 13 bankruptcy, you make payments on your debts for some time. The court determines a manageable monthly payment considering your income and reasonable expenses. You make payments for several months. In your payment, you can include amounts that can help you become current on overdue payments, like your mortgage.
After you finalize a Chapter 13 or Chapter 7 bankruptcy, your qualifying debts get wiped clean. When debts are discharged properly under a finalized bankruptcy proceeding, no creditor can again try to collect the amounts erased.
Debt Relief Solutions Through the Help of Bankruptcy Attorneys
Bankruptcy is about finding solutions. When you’re overwhelmed by your debts, bankruptcy can be the answer. It is a helpful and lawful way to start fresh when your obligations are too much based on your income. The steps you take before and during your bankruptcy proceeding can significantly impact the outcome of your case.
The bankruptcy process can take several months to complete. If you make monthly payments under a Chapter 13 filing, the process may take a few years with structured monthly payments. However, in all cases, as soon as you file, collection efforts stop. In bankruptcy proceedings, you can eliminate dischargeable debts and restructure other debts to get current on monthly payments for important assets like your home.
Lawrence & Associates Accident and Injury Lawyers, LLC can help with the following:
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Senior Citizen Bankruptcy
- Wage Garnishment
- Creditor Harassment
- Threatened with a Lawsuit
If you are facing financial challenges that seem insurmountable, contact Lawrence & Associates Accident and Injury Lawyers, LLC for the help you need.
Frequently Asked Questions for Bankruptcy Attorneys
Work With Our Bankruptcy Attorneys in Greater Cincinnati and Northern Kentucky
Experienced attorneys working on your behalf can help you avoid common errors that complicate bankruptcy filings. Our respectful attorneys work to help each client reach the best possible result from their bankruptcy proceeding.
We work to help you identify ways that you can best structure your filing to reach your goals. Our professionals help you use bankruptcy to your advantage, stop creditors from bothering you, and rebuild your life. If you’re ready to begin, call us at (513) 351-5997 to schedule a consultation with our team.