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Ohio Disability and Injury Attorneys

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Chapter 7 and 13 Bankruptcy

With over 25 years of experience in Bankruptcy, Disability, and Social Security, we can help you win your case

Affordable Chapter 7 Bankruptcy Attorneys Columbus, Dayton, Mansfield, Lima, and Canton, Ohio

Chapter 7 Bankruptcy Attorneys

The Badnell & Dick Company focuses on providing the best possible representation for each and every one of our clients who are facing tough financial times.  We try to make the process as easy as possible and have offices located in Columbus, Dayton, Mansfield, Lima, and Canton.

What is Chapter 7 Bankruptcy?

A Chapter 7 Bankruptcy allows individuals to get a fresh financial start by getting rid of, or discharging, their debts. Generally speaking, unsecured debts can be eliminated in a Chapter 7 Bankruptcy case. Examples of unsecured debts are medical bills, credit cards, payday loans, repossessions, and civil judgments for vehicle accidents. However, there are certain debts that cannot be discharged in bankruptcy. Child support, some taxes, student loans, and debts incurred as a result of drunk driving or intentional or malicious injury are a few examples of non-dischargeable debt. It is important to consult with a knowledgeable and experienced bankruptcy attorney in order to know what debts will be discharged and which debts will not be discharged in your Chapter 7 Bankruptcy.

Do I need to take a counseling course?

Debtors are required to take a United States Trustee approved counseling course prior to their bankruptcy case being filed. There are many resources online in order to meet this requirement. Debtors are also required to take a course in financial management after the filing of their case but before they receive a Discharge.

How long will Chapter 7 Bankruptcy take?

Most of our clients get through the Chapter 7 Bankruptcy process in four to six months.

Will I Lose My Vehicle or Home?

Under a Chapter 7 Bankruptcy, debtors are allowed to retain most if not all of their personal and real property. Ohio law allows certain “exemptions” with regard to debtors’ property. Debtors typically are able to keep their residential home, vehicle, and personal property with some exceptions. It is important to consult with a knowledgeable and experienced bankruptcy attorney in order to know what property will be protected from creditors in bankruptcy and what may not be.

How Do I Make the Calls From Creditors and Collection Agencies Stop?

On the date that your Chapter 7 Bankruptcy case is filed, an “automatic stay” goes into effect. This means that it is a violation of the Bankruptcy Code for creditors to contact a debtor. If this happens, it is important for the debtor to contact their bankruptcy attorney immediately so that action can be taken on the debtor’s behalf.

How Long Will The Bankruptcy Be On My Credit Report?

The bankruptcy will be reported to all credit agencies and will stay on a person’s record for up to 10 years. Reestablishing your credit after a Chapter 7 bankruptcy is not as hard as most people believe. A person that has filed a Chapter 7 bankruptcy and the debts have been released, is now debt-free. He or she can start establishing new lines of credit right away. Their credit limits might be lower and the interest rates higher, but if well-managed anyone can re-establish their credit in a couple of years.

The Badnell & Dick Company Serves Individuals Just Like You All Across Ohio

At the Badnell & Dick Company, we offer affordable Chapter 7 Bankruptcy options which begin with a FREE, no-obligation consultation. You will find that our fees are very reasonable.  Each case is unique and not every person will qualify for these fees which are subject to geographical and other limits.  Additional fees may apply for more than 30 creditors, lien avoidance, reaffirmation agreements, contested matters, rush filings, and/or other issues.

We are so confident about our fees that we put them right here on our website.  No gimmicks, nothing to hide.  We encourage you to compare our price to any of our competitors because when you compare the total cost with other firms, you will find that we have very reasonable fees for our Chapter 7 Bankruptcies.

So call 1-800-234-9511 today to schedule a FREE, NO-OBLIGATION consultation with one of our experienced attorneys.

We represent clients across Ohio and have offices in Columbus, Mansfield, Lima, Dayton, Toledo, and Canton. Federal law requires the following statement: We are a debt relief agency.  We help people file for protection under the bankruptcy code.

Chapter 13 Bankruptcy Attorneys in Dayton, Lima, Canton and Mansfield, Ohio

What is Chapter 13 Bankruptcy and how does it work in Ohio?

Chapter 13 Bankruptcy is for individuals who have a regular income and would like to pay all or part of their debts over a period of time and to discharge other debts that are not paid. Some debtors do not qualify for a Chapter 7 Bankruptcy based on their income and need to file a Chapter 13 Bankruptcy in order to get relief. The income amounts vary based on household size and they are updated regularly. It is important to consult with a knowledgeable and experienced bankruptcy attorney to discuss the advisability of filing a Chapter 13 Bankruptcy versus a Chapter 7 Bankruptcy. A Chapter 13 Bankruptcy can allow debtors to “catch up” missed payments over the lifetime of their case. This can allow debtors to keep property that they would otherwise lose due to repossession or foreclosure. Debtors will work with their attorney to prepare a repayment plan and submit it to the Bankruptcy Court for approval.

How long will the Chapter 13 Bankruptcy take?

A typical Chapter 13 Bankruptcy will last from 36-60 months.

An Affordable Repayment Plan

Fortunately, debtors that qualify for filing under Chapter 13 can develop a plan to repay all creditors within a specific time frame of 3 to 5 years. Once bankruptcy has been filed, the creditors must stop harassing the debtor for collection of any outstanding payment until the case is been finalized in bankruptcy court.

Typically, the debtor can keep his or her property, and all creditors usually receive reduced funds over the amount of the debt. This provides the opportunity for the debtor to make affordable payments without the loss of equity in their assets.

Chapter 13 Eligibility

Not everyone is eligible to receive the financial restoration options under Chapter 13 bankruptcy. The debtor will be required to use his or her income for debt repayment to meet monthly obligations approved by the court system. If the debtor’s income is too low or sporadic, they might not meet Chapter 13 eligibility requirements. In addition, if the debt burden is higher than the debtor can afford, they will also lose their eligibility.

The Process

Before Chapter 13 can be filed, the debtor is required to attend credit counseling by a US trustee’s office-approved agency, where they will be charged a fee for the service. In addition, the debtor will pay a filing fee to begin the process. It is always recommended to hire an experienced bankruptcy attorney to help move the paperwork through the process, and serve as a legal representative throughout the case.

At some point, the paperwork filed with the Chapter 13 bankruptcy documents will include a repayment plan detailing how the debtor intends to pay every debt. Out of all of the outstanding debt, the debtor will be required to pay “priority debts.” These often include tax obligations and owed employee wages, along with spousal and child support.

Typically, most Chapter 13 cases end in a discharge, wiping out all remaining debt after the payment plan has been completed. An attorney can help assist in providing legal counsel on how to save the home, vehicle and other debts under this chapter.

The Badnell & Dick Company Serves Individuals Just Like You All Across Ohio

At the Badnell & Dick Company, we offer affordable Chapter 7 Bankruptcy options which begin with a FREE, no-obligation consultation. You will find that our fees are very reasonable.  Each case is unique and not every person will qualify for these fees which are subject to geographical and other limits.  Additional fees may apply for more than 30 creditors, lien avoidance, reaffirmation agreements, contested matters, rush filings and/or other issues.

We are so confident about our fees that we put them right here on our website.  No gimmicks, nothing to hide.  We encourage you to compare our price to any of our competitors because when you compare the total cost with other firms, you will find that we have very reasonable fees for our Chapter 7 Bankruptcies.

So call 1-800-234-9511 today to schedule a FREE, NO-OBLIGATION consultation with one of our experienced attorneys.

We represent clients across Ohio and have offices in Columbus, Dayton, Mansfield, Lima, and Canton.

Federal law requires the following statement: We are a debt relief agency.  We help people file for protection under the bankruptcy code.