Bankruptcy
Chapter 7
For the average debtor who is getting by on a moderate to low income, an unexpected emergency can cause a financial crisis. Whether that emergency is an illness, accident, layoff, or divorce, it can result in your already tight budget spiraling out of control. Before you know it, creditors are garnishing your paycheck and/or threatening to foreclose on your home. Filing Chapter 7 bankruptcy may be the solution.
Chapter 13
Chapter 13 is frequently referred to as a “wage earners” bankruptcy because it is typically used by debtors who earn a moderate to above-average income. When you file a Chapter 13 bankruptcy you and your attorney will be required to develop a repayment plan that will allow you to repay the majority of your debts over an extended period of time, typically three to five years. A percentage of your available income each month will be set aside to pay your debts. You will send the agreed-upon amount to the bankruptcy trustee each month who will then distribute the funds according to the agreed-upon schedule.
Small Business Bankruptcy
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Debt Settlement
Debt Settlement
When you’re facing a wall of debt with sky-high interest rates you just don’t know how to get over, you might think that your only option is to go straight to bankruptcy. This is especially the case if things have gotten to the point where you’re being sued by creditors as part of their collection efforts.
It can be scary dealing with a credit card lawsuit or persistent debt collection efforts, but you still have options, often including debt negotiation. Bankruptcy is a great option if you need a fresh start, but many of our clients are able to avoid that option and settle debt without bankruptcy.
Foreclosures
Foreclosure Defense
If you find yourself in a bad financial situation, you may soon realize that your mortgage lender has begun the foreclosure process. In short, you are not current on your payments. As a result, your lender is taking the necessary steps towards repossessing your home.
Fortunately, until your home is actually gone you can still put a halt to foreclosure and prevent your home from being foreclosed on. In Ohio, as well as in other states, one method of stopping foreclosure is by filing bankruptcy.
Student Loans
Student Loan Relief
While most bankruptcy attorneys advertise for student loan debt help and student loan relief, it is important to know the advantages of working with a Student Loan Lawyer. Due to student loan debt generally not being dischargeable in a bankruptcy filing, as a Student Loan Lawyer, Scott Needleman assists those suffering from student loan debt in finding alternative solutions to filing for bankruptcy.