We understand how it feels to be drowning in debt; to feel as though you can’t get your head above water; and, to desperately need a fresh start. Chapter 7 bankruptcy may be your answer.
If you qualify for Chapter 7 bankruptcy, most (if not all) of your debts will be discharged. Having debts “discharged” means that you never have to pay them back. In other words, your debts “magically” disappear. You, then, have a blank slate and can create a new, balanced financial life. Qualifying for Chapter 7 means that you get a fresh start and we all need a fresh start at some point in our lives.
Chapter 7 Bankruptcy: The Good
Simplest and fastest form of bankruptcy.
Debts are discharged; there is no repayment plan.
Legal fees are less than filing a Chapter 13 bankruptcy.
Chapter 7 filings are more successful than Chapter 13 filings.
Rarely (in only about 5% of all cases) are assets seized to pay debts.
As soon as your bankruptcy petition is accepted, a stay is issued and all creditors must stop contacting you (no more letters or phone calls.)
If your income is below the state’s median income, you are not subject to the means test.
Chapter 7 Bankruptcy: The Challenging
If your income is above the state’s median income, you are subject to the means test.
The Chapter 7 Bankruptcy Means Test
A formula to determine whether you have enough income to pay some part of your debt.
Other Chapter 7 Bankruptcy Qualifications
You must not have had a bankruptcy petition dismissed within the last 180 days.
You must receive credit counseling within 180 days of filing your bankruptcy petition.
You must not have committed fraud against the court or creditors.
Exception: Debts not discharged in Chapter 7 Bankruptcy
Student loans
Most tax debts
Where do I get help filing Chapter 7 Bankruptcy?
Bankruptcy is a very specialized area of law; be sure your attorney focuses his or her practice on bankruptcy and helping people like you. 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.
Please fill out this contact sheet and one of our attorneys will contact you shortly.
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Geygan & Geygan, Ltd. is a Debt Relief Agency because we help people live without debt through various means including bankruptcy |  |
| We represent people in the following Ohio counties for bankruptcy: Adams, Brown, Butler, Champaign, Clark, Clermont, Clinton, Darke, Greene, Hamilton, Highland, Lawrence, Miami, Montgomery, Preble, Scioto, Shelby,Warren | ||