Chapter 13 Bankruptcy Attorneys Mentor, OH
Reputable Bankruptcy Lawyers Who Understand How to Get Results
Do you find yourself frequently thinking that you could finally conquer your debt if only your repayment schedule was more manageable? Do you earn a decent living but find yourself facing the risk of foreclosure because you fell behind on your mortgage and can’t catch up? Has an accident or serious illness decimated your family’s once well-managed finances?
These are just a few of the reasons why, each year, hundreds of thousands of Americans opt to file for personal bankruptcy. Filing for Chapter 13 bankruptcy is neither a failing nor an abdication of responsibility. It is a way to “press pause” on collections activity so that a manageable repayment schedule can be constructed for the benefit of filers and creditors alike.
The Chapter 13 Bankruptcy Process
Unlike Chapter 7 bankruptcy, Chapter 13 bankruptcy is not subject to specific income requirements. Generally speaking, as long as a filer can demonstrate that they can make regular, manageable payments on their debt load, they can benefit from the Chapter 13 bankruptcy process.
If you choose to work with attorney Jon Axelrod or Casey Leszak to file for bankruptcy, they will help you to construct a workable repayment plan that is likely to be approved by your creditors. Once your petition is filed with the court, the automatic stay will go into effect. This legal protection will halt foreclosure, wage garnishments, repossessions, and most other collection activities for the duration of your bankruptcy case.
If the court signs off on your plan and you make your required repayments faithfully for 3-to-5 years, your remaining eligible unsecured debt balances will be discharged. This means that your duty to repay qualifying credit card balances, payday loan obligations, and even medical bills will be eliminated forever.
Is Chapter 13 Bankruptcy Right for You?
If you are only struggling with one debt, filing for bankruptcy is probably not the most efficient approach to your situation. However, if your finances could benefit from a pause on collection activity, the discharge of your eligible unsecured debts, and a restructuring of your overall debt to make repayment obligations more manageable, this process may be an excellent fit for your circumstances.
Contact one of our Knowledgeable Lake County, Ohio Bankruptcy Lawyers to Schedule a Free Case Evaluation
You do not need to make a decision about filing for bankruptcy “on the fly,” even if your circumstances are dire and require urgent attention. The team at Axelrod Law Office is proud to offer confidential, risk-free consultations at no cost to anyone who is interested in learning more about the bankruptcy process. By investing an hour or so of your time in attending a free case evaluation session, you’ll be empowered to make more informed decisions about your debt relief options.
To speak with one of our trusted Mentor, OH Chapter 13 bankruptcy lawyer at our firm today for free, call (440) 944-7300 or submit a contact form on our firm’s website to schedule a time to discuss your circumstances. We look forward to hearing from you.