Filing for bankruptcy is overwhelming and frightening. If you are going to file for bankruptcy, you may be wondering whether you will have to go to court. The answer is probably not. You will likely never have to step inside the U.S. Bankruptcy Court or meet the judge responsible for your case. If you are planning on filing bankruptcy, it’s imperative that you consult an experienced Cleveland bankruptcy lawyer who Read More
Whether you’re deep in debt or struggling to stay up with bills, there’s a solution to your financial situation. The Cleveland Bankruptcy attorneys have the knowledge and experience to fight for your best interest. Contact a Cleveland Bankruptcy attorney today to discuss your options at (216) 586-6600.
How Long Will My Bankruptcy Take?
If you are considering bankruptcy, you likely have many questions about the process. One of the questions you probably have is how long your bankruptcy will take. The amount of time your bankruptcy will take is largely dependent on the type of bankruptcy you file. A Cleveland Bankruptcy Attorneys can help you determine whether Chapter 7 or Chapter 13 bankruptcy makes the most sense for your specific situation. Call our Read More
Court Fees for Chapter 7 and Chapter 13 Bankruptcy
If you are thinking about filing bankruptcy, you are probably wondering about the expenses involved. In addition to attorney fees, you will have to pay court fees in order to file your bankruptcy. Court fees in bankruptcy cases are used to pay for administrative costs and depend on the type of bankruptcy filed. A Cleveland bankruptcy lawyer can inform you of the court fees for your particular bankruptcy case as Read More
Can I File for Bankruptcy with No Money?
If you’re deeply in debt, chances are you may be looking into bankruptcy as a way to relieve some or all of your financial burdens. However, bankruptcy comes with its own set of fees, and if you plan to work with an attorney to ensure your bankruptcy is filed correctly, you will incur attorney fees as well. It’s kind of a catch 22 – you’re thinking of filing for bankruptcy Read More
Should I File for Bankruptcy Before or After Christmas?
The holidays are right around the corner, which means many people will be frequenting more shops and restaurants as they prepare for their various festivities. If you’re out buying gifts, stocking up on cookie-baking supplies, or meeting friends for celebratory nights out, you’re probably also seeing an increase in your credit card bills. For those who are already dealing with huge debts, the holidays can be especially stressful. In fact, Read More
Pros and Cons of Declaring Chapter 11 Bankruptcy
Chapter 11 bankruptcy is a bankruptcy option that is typically available to large corporations. This type of plan often referred to as a debt reorganization, is favorable for businesses because it allows them to keep running and making a profit while paying off their debts. There are many positive aspects of the plan, and a few negative elements to consider when weighing the different bankruptcy options. Below is a brief Read More
How Does Bankruptcy Affect Retirement Accounts?
When you go through a bankruptcy, you will likely relinquish some of your assets. In a Chapter 7 case, your assets are liquidated in order to pay your secured debts. Chapter 13 may not force you to sell your assets, but you will need to come up with an acceptable payment plan that you can stick to, or your creditors may be able to come back for your property. But Read More
Difference Between Secured and Unsecured Loan
Deciding to file for bankruptcy can be difficult, but it is not the only consideration you will have to make. You will also need to think about which type of bankruptcy you may file: Chapter 7 or Chapter 13. Your choice can depend on a variety of factors, such as the results of your means test, what assets you have and want to keep, and if your debt is primarily Read More
Supreme Court to Hear Debt Collection Case
The Supreme Court has agreed to hear a case involving a debt collector who violated the Fair Debt Collection Practices Act (FDCPA) by filing a claim on a time-barred debt. The case involves Aleida Johnson, a resident of Alabama, who entered into Chapter 13 bankruptcy in 2014. A large debt collection agency called Midland Funding filed a proof of claim on a debt of $1,879 that Ms. Johnson owed 10 Read More
What Happens at a Meeting of Creditors?
If done right, bankruptcy can put you on the path toward financial stability. It can also be used to help you focus on recovery rather than scrambling to pay debt collectors. Under automatic stay, for example, creditors are not allowed to contact you or file a lawsuit to collect funds. In order to declare bankruptcy, one of the first steps is attending a meeting of creditors, also known as a Read More