Cincinnati, Ohio Bankruptcy Attorney
Chapter 7 – Chapter 13 – Debt Relief – Foreclosure Defense
We are a debt relief agency, aiding clients in filing for bankruptcy relief under the Bankruptcy Code throughout Ohio & Kentucky.
If you are facing foreclosures, repossessions, wage garnishments, liens, and constant calls and letters from creditors and collection agencies, we are ready to assist you. At the Law Office of James S. Arnold, we are a debt relief agency, aiding clients in filing for bankruptcy relief under the Bankruptcy Code. Contact a bankruptcy lawyer at our firm today to learn more through an honest assessment of your situation.
Our firm views bankruptcy as a last resort. We are capable of helping you with a variety of tactics to aid in credit repair such as short sales, negotiation of short payoffs, and deeds in lieu of foreclosure. We also offer foreclosure defense services through straightening out forbearance agreements in order to keep important assets like your house and car. We are also experienced at disputing and presenting explanations of credit report entries. If all else fails, our firm has detailed knowledge of the new bankruptcy laws in order to guide you through the complex process of bankruptcy.
Chapter 7
If you want to pay your bills, but cannot, and you need a fresh start in your financial life, a Chapter 7 Bankruptcy may be an option for you. The Chapter 7 bankruptcy, also known as the “straight” bankruptcy, is ideal for individuals with mostly unsecured consumer debt, such as credit cards. Under Chapter 7, your bankruptcy attorney will ask the Bankruptcy Court to discharge or cancel as much of your debt as possible. Unsecured debt is almost always discharged. If you have secured debt, such as mortgaged property and financed vehicles, you can choose to return the property to the securing party, usually a bank, or keep the property and continue to make the payments. While we are unable to discharge secured debt, for most people the relief they receive from the discharge of the unsecured debt allows them to catch up on and maintain secured debt payments.
Chapter 13
If you want to pay your bills, and can, but just need to get creditors to back off and time to pay them, a Chapter 13 Bankruptcy may be an option for you. The Chapter 13 bankruptcy, also referred to as the “wage earner” plan, is ideal for individuals with a lot of secured debt, and with a source of income. A source of income is required for a Chapter 13 plan because you will continue to make payments on your debt. However, the time frame to repay your debt will be extended significantly. Most Chapter 13 plans last about five years. The extended period of time allows you to make smaller payments each month. The Chapter 13 plan also allows you to keep secured property as long as you remain in the plan. At the end of your Chapter 13 period, most remaining debt will be discharged.
Bankruptcy is not the right choice for everyone facing financial trouble. We can negotiate with creditors or attempt repair of your credit. However, we will closely examine your financial situation to determine the best solution for you. If Chapter 7 or Chapter 13 is appropriate for you, we will make sure you receive every benefit and protection available to you under the law. Contact our experienced bankruptcy law firm to schedule an appointment with a bankruptcy lawyer. Evening and weekend appointments are available for your convenience.
We conveniently serve clients in Loveland, Cincinnati, Batavia, Hamilton, Fairfield, Mason, and Clermont, Warren, Hamilton, and Butler Counties in Ohio, as well as clients in Campbell and Kenton Counties in Kentucky.
