Why Badnell and Dick if You are Considering Bankruptcy in Canton, Ohio 

Canton Ohio Bankruptcy AttorneysIf you are struggling to keep up with your bills, you may feel that there is no hope and that you’re destined for a dire financial future. However, many people qualify to file for Chapter 7 Bankruptcy, and you may find that this is an option that will be the way to can regain control of your finances.

Chapter 7 Bankruptcy

There are a few different forms of bankruptcy that one can file. Chapter 7 bankruptcy is the most common, and it offers complete and immediate relief from your overwhelming debt. Generally, people who have an overwhelmingly amount of debt have some type of misfortune, such as losing a job unexpectedly or having a high amount of medical debt. A chapter 7 bankruptcy is a liquidation bankruptcy, which means that most of your assets are liquidated in order to satisfy your debt.

There are some exemptions to the asset liquidation. Generally, you can keep your home and you are also allowed to keep some furnishings in your home. The court does not expect you to sell every asset you own, leaving you homeless and unable to work. The whole point of filing for bankruptcy is so you can start over, so certainly the court allows you to still live in your home and have the ability to get to and from your job.

There is a qualifying factor for Chapter 7, however. If you are deemed to earn more than the allowed threshold, you will need to file for Chapter 13 bankruptcy. When you talk to a bankruptcy attorney, they will be able to take a look at your financial situation and advise you accordingly.

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 as our attorney fee is only $499.00.  In most cases, the only other costs are the prevailing filing fee, which is currently $335.00 and the cost for a credit report, which is currently $33.00 (single) or $66.00 (joint).  This means that our typical client(s) pay a total of only $867.00 (single) or $900.00 (joint) for their Chapter 7 Bankruptcy.  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

While this article focuses on Chapter 7, it is certainly helpful to provide a small overview of Chapter 13. This type of bankruptcy is known as the “wage earner’s” bankruptcy because it is more of a debt consolidation. You are on a spending and repayment plan with this type of bankruptcy, but this is a less severe form because you don’t need to worry about selling your assets to pay off your bills.

If your financial situation is out of control, talk to a bankruptcy attorney today.