Chapter 7 Debt Relief: Wouldn't a Fresh Start Be Great?
If you've been drowning in debt, wondering how to pay the bills each month and worrying about someone taking your car or home away, debt relief could be just what you've been hoping for.
Chapter 7 Bankruptcy is a much simpler process than most people realize. In Chapter 7, many of your debts can be eliminated so that you can move on with your life.
At the law firm of Horwitz & Horwitz, LLC, we know that you are coming to us with fears, anxieties, and probably not much familiarity with bankruptcy law or procedure. We are knowledgeable chapter 7 bankruptcy attorneys. Also, we are mindful of our clients, making it our number one goal to ease your anxiety and help you through this complex and difficult time. Call our Springboro, Ohio, office, or contact us online for a free consultation.
Chapter 7 Bankruptcy in a Nutshell
Chapter 7 bankruptcy is much simpler, faster, and positive than most people realize:
- Chapter 7 bankruptcy is a legal process for debt discharge, generally wiping out many forms of debt, including credit card debts.
- A Chapter 7 bankruptcy case is usually concluded within six months of the initial filing.
- Ohio state law has certain "exemptions" that can protect your assets, to a modest degree, from creditors, including bankruptcy court. [However, if you have substantial assets you wish to protect with equity in excess of the exemptions granted under Ohio law, you might consider Chapter 13 bankruptcy as an alternative.]
- Some debts - called "exclusions" - cannot be erased, including: child support, domestic support orders, certain taxes and some school loans.
- You can voluntarily choose to retain some forms of debt, if you choose, by "reaffirming" the debt. This is generally the approach taken to keep you in your home. Reaffirming on a debt also helps to re-establish your good credit rating.
- You can redeem certain items that you want to keep after the bankruptcy at fair market value, through a process called "redemption."
Your Path to a Fresh Start | Free Consultation
You need a lawyer who will understand you and make the process as smooth as possible. We serve the bankruptcy needs of people just like you throughout the Miami Valley and Southwest Ohio area, and we can ease the transition and help you find that path to financial freedom. Call our offices for a free consultation, or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
