Experienced Columbus Bankruptcy Attorney Serving You!
Call (614) 642-8900 To Learn About Fast, Affordable Debt Relief.
You do not need to allow debt to destroy your financial life. Trust a local attorney can assist in becoming debt free to best get you on track for a financially free life both today and tomorrow! So many good families and individuals call a law office only after they have spent months struggling or even a period of years trying to get on track. In many cases, these people could have resolved financial issues months or years earlier in as short a period of time as just weeks or months to get their lives back on track!
Bankruptcy Helps Now:
- Stop Collection Phone Call Harassment.
- Stop Collection Letters.
- Prevent or Fix Bank Garnishments!
- Stop or Prevent Lawsuits!
- Get Rid of Wage Garnishments.
- Stop Evictions, Stop Foreclosures, & Repossessions.
- Stop Home Foreclosure!
- Preserver Your Business.
- Erase Some IRS Debt that is Dischargeable!
- Get Your Sanity Back!
- Sleep At Night Peacefully Without Overwhelming Debt!
Through bankruptcy, you can discharge unsecured debt, such as medical debt, credit cards, and other loans or lines of personal credit in the form of payday and personal loans, and much more.
Questions About Bankruptcy? Call For Free Consultation Today!
The attorney will make things as simple and helpful for you in getting your financial life back on track. You can get started and learn options for your individual situation through a bankruptcy consultation and how filing bankruptcy could solve your financial problems. Call for a complimentary, no-obligation case review. You will quickly discover that the attorney is concerned and cares about your financial security. For this reason, you will be able to discover the best option for your best possible financial outcome.
- Free Case Review Today!
The attorney is available to help you receive immediate relief in whatever way possible and in the most affordable, and best way possible to solve your financial difficulties.
Personalized Attention For Your Situation
Your attorney will help you receive personal attention which has been uniquely tailored for your unique financial situation. What that means for you is that you will be able to have the necessary time for the attorney to learn and consider your financial issues and which legal solutions offer you the best protection for your assets while minimizing your liabilities. You don’t need to be surprised for this reason to hear the simple question: “What problems have got you considering the option of bankruptcy?” Another common way to discover the root issues might be: “What problems are plaguing you financially?” Your answer for these questions brings out basic financial struggles to help the attorney understand what is hurting you and how your financial concerns can be answered and solved moving forward. The attorney will seek to discuss questions regarding your finances such as your debts, your assets, as well as ongoing financial payments and obligations like your income and mortgage payment, auto payment, etc. As the attorney better understands your issues and what is important for you financially, you will receive better customized legal advice to make the best financial decisions to have a bright financial future.
Bankruptcy is the legal process that is designed to provide relief to individuals or corporate bodies who are in a position where it is impossible for them to honor their financial obligations to other individuals or corporate bodies. The nature of these obligations can vary widely: from credit card debt to car loans and even child support, there are a lot of different ways through which people can accumulate debt. Garnishment, for its own part, is the legal process by which a court order is given and executed for the seizure of property of an individual or corporate body in fulfillment of their debt.
The reasons for the inability to pay one’s debts are as varied as the debts themselves; financial mismanagement, sudden unfortunate situations like job loss, medical treatment and theft by partners. After assessing the situation, and with the help and advice of a Columbus Ohio Bankruptcy Attorney, a person may come to the conclusion that the only way out is to declare bankruptcy so as to get protection from the law. The laws guiding the bankruptcy process are contained in the federal bankruptcy code and the bankruptcy laws of various states. They provide avenues for people in different categories of indebtedness to get protection from their creditors.
A bankruptcy lawyer is very important for two major reasons: First; the process of filing for bankruptcy is a very complicated one, and sometimes, it requires quite technical knowledge to understand how to go about the filing in order to get the best possible results. The exact time to file is a very important consideration, for instance, as are the various requirements for filing under the various chapters. Secondly; the bankruptcy process can carry significant risk for the debtor. Depending on the type of bankruptcy that you decide to file, there is a possibility that a trustee might be appointed by the court to oversee the process, with the power to dispose of your property in order to settle your creditors. In order to avoid losing property, the advice of a lawyer would be very crucial in determining exactly which of your properties can be exempted from sale under the law.
There are two major chapters under which Bankruptcies are frequently filed in Columbus, and across the country:
Chapter 7 – When a bankruptcy is filed under this chapter, the objective is to completely discharge the debtor from all his debts. A bankruptcy trustee will be appointed by the court to collect and sell as disposable assets of the debtor so as to settle as much of the debt as possible. Some exemptions are provided for under the laws as to the categories of property that cannot be sold to pay off debts. Some of them may be because there are liens being held on them by other creditors such as mortgages and other assets that were bought with bank loans. Others may be so as not to completely deprive the debtor of property. After the possible assets have been sold off, the remaining debts will be discharged or done away with as the court sees fit.
Chapter 13 – This chapter is mainly applicable to people who, while they have too much debt to pay off on their own, are still earning regular income and will likely be able to pay a significant part of the debt. The debtor will have to design and propose a repayment plan through which they intend to settle the debts over a period of three to five years. Once this has been approved by the court, the debtor will be responsible for making the payments from then on. Failure to comply may lead to liquidation, or the sale of the debtor’s property.
There are restrictions on the way in which garnishments can be applied. Some states only allow for the process to be used on debtors who have defaulted on making child support payments, taxes, education and student loans.
When a creditor is attempting their money back, garnishment is a very viable option that can be put into play. In order for the court order to be granted, there are some conditions that have to be fulfilled: That the garnishee (debtor) indeed owes a debt and has fallen back in his payments; that he has been informed of that fact; and that the process is not being implemented in bad faith, meaning that it is not intended for injurious purposes.
Once the plaintiff (creditor) has filed the motion for the court order to be granted, it will be up to the court to decide on whether or not to grant it. If the decision is made to grant it, then instructions will be sent to the debtor’s employer to remit a certain sum of money from the debtor’s earnings to the creditor. The decision of the court is final and binding, and the employer must comply. Further, the debtor is protected from losing his job if the employer does not take kindly to the complication.