If you find yourself asking whether you should file for personal bankruptcy in Ohio, you also need to ask yourself the following questions:
Consulting with an experienced and nonjudgmental Columbus personal bankruptcy lawyer will help you review your current finances, project your financial future, and reach definitive answers to the listed questions and all the others you will need to clarify before preparing and submitting a bankruptcy petition to a federal court.
Just formally asking for personal bankruptcy protection is a powerful tool for regaining control of your life, as it temporarily ends garnishments, lifts liens and stops repossessions. It is not, however, available to everyone. Sitting down with a Columbus personal bankruptcy attorney to go over all your bank records, loan documents, tax returns, and pay stubs will help you understand if you are eligible for bankruptcy protection.
The in-depth review of your finances could reveal ways to spare you a bankruptcy filing all together. Meeting with a Columbus, Ohio-based personal bankruptcy lawyer as you begin the process will also help you prepare your petition to the federal court as fully and accurately as possible. Omitting or misstating information in the initial court filing can leave you unprotected from one, several, or all creditors.
You will also need to know which debts and financial obligations will remain even if you secure personal bankruptcy protection under Chapter 7 or Chapter 13. Some debts can only be renegotiated, meaning you can lower monthly payments and extend the deadline for paying in full but you cannot have them forgiven. Other debts cannot be changed through bankruptcy at all. Speaking with a lawyer in who has helped hundreds of other people in Ohio enter and go through bankruptcy will help you prepare to set and stick to a financial recovery plan.
Two more valuable services an Ohio personal bankruptcy attorney can provide as you move through the personal bankruptcy process are advising and representing you during negotiations and at court hearings. Your creditors will likely have their own legal representation, and you must appear at least once before a judge and creditors who have filed official challenges to the claims you made in your petition.
The Columbus, Ohio, personal bankruptcy attorneys with the Calig Law Firm offer confidential consultations to individuals, married couples, and business owners. We also take cases all throughout the state. You can request an appointment online or call us at (614) 252-2300.