I’m Scared to File Bankruptcy
If you’re scared to file bankruptcy, it’s likely because you don’t know what to expect. Fear of the unknown can be overwhelming. To alleviate your fears, keep the following considerations in mind and consult with a qualified bankruptcy lawyer.
* The legal foundation for bankruptcy protection laws date back to the United States Constitution. Our Founding Fathers recognized that everyone is entitled to a fresh start.
* Americans have been allowed to file bankruptcy for over 150 years.
* If you choose to file bankruptcy this year, your bankruptcy petition will be one of a million plus bankruptcy petitions. (About 1,400,000 bankruptcy petitions are filed each year.) In today’s economy the stigma of bankruptcy is not what it once was.
* If you can afford the mortgage payments, you are likely able to keep your home.
* If you can afford the payments, you are likely able to keep your car.
* You do not have to give up everything you own. Ohio has generous property exemptions so you can keep up to a certain amount of value in your house, car, personal property, tools of the trade, and jewelry.
* The acceptance of your bankruptcy petition will stop creditor phone calls and letters, foreclosure, and most wage garnishments.
* You will be able to rent an apartment, buy a house, and buy a car after bankruptcy. It may be challenging, but it can be done.
* You will receive financial counseling during the bankruptcy process to help you plan for your future.
* If you are eligible for a Chapter 7 bankruptcy, your debts will be discharged. This means that you never have to pay your credit card bills, ever.
* You may be able to get rid of second and third mortgages on your home if your house is worth less than the mortgages.
* Filing bankruptcy will halt any foreclosure proceedings on your house.
A qualified Ohio bankruptcy attorney will answer all of your questions and address your concerns. The lawyer will explain the bankruptcy process fully so that you know what to expect. We focus our practice on bankruptcy law and help people just like you. You can reach us at 513-793-6555 or Thomasjr@geygan.com.
The very moment you hire one of our bankruptcy lawyers, you will feel relief. You’ll be grateful to have someone on your side, looking out for your best interests, and protecting you and your family. It is very likely that you will begin to sleep better at night.
