If you want to keep some of your debts, a repayment plan via a Chapter 13 bankruptcy may be the right move if you’re struggling. Alternatively, Chapter 7 could let you discharge everything to move on faster. But no matter what type of bankruptcy you go with, there are several missteps a debtor can make along the way. Some bigger mistakes have severe implications or may disqualify you from bankruptcy 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 or email us at email@example.com.
How Couples Go Through Bankruptcy
Many people view the debts you incur in marriage as joint debt. After all, what’s yours is mine, and what’s mine is yours. While we usually think of marital debt as shared, couples today marry later in life and live together without marrying for longer — waiting nearly five years on average to get married, according to Business Insider. Since couples aren’t sharing finances until later in life, it is Read More
Why Car Insurance is Important During Chapter 13 Bankruptcy
Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. Your monthly payments will depend on your income since the plan is income-based, and while Chapter 13 can put you on the right financial path, it typically means making sacrifices in the short term. One of the most common things people scale back on is making their car insurance payments. This Read More
Chapter 13 Bankruptcy: Can You Buy Or Sell A House ?
After filing for Chapter 13 bankruptcy, you give up a lot of financial control to your bankruptcy trustee. Even though you keep possession of your property, like a home, it becomes part of your Chapter 13 bankruptcy estate. The trustee manages this estate and makes major financial decisions that affect your property. This includes buying or selling a home. While the trustee must approve the transaction beforehand, you can buy Read More
Will Bankruptcy Protect Me from a Lawsuit?
No one likes the idea of having to file bankruptcy. But sometimes debts become insurmountable and creditors relentless. The only viable choice may be to seek bankruptcy protection. Not only can you get a financial fresh start, but there can be a positive effect of bankruptcy on lawsuits, including those filed by your creditors or debt collectors. Depending on your circumstances, bankruptcy can eliminate your debts through liquidation of most Read More
Bankruptcy for Married Couples
When there is consistently more month than money and your financial situation continues to deteriorate due to job loss, medical bills, or consumer debt, it may be time to consider your legal alternatives. Among the options available is bankruptcy for married couples. Besides determining if you qualify for filing Chapter 7, where your debts are discharged, or qualify for filing Chapter 13, in which you have a repayment plan, you Read More
Bankruptcy Options for the Self Employed
Facing the prospect of filing bankruptcy can be daunting. At a time when you’re under serious financial stress, you have to figure out if seeking legal protection from your creditors is the right move and what are the long term effects of doing so. Your decision may be further complicated if you are self-employed as an independent contractor or are a sole proprietor of a small business. Filing bankruptcy shouldn’t Read More
Is it Possible to Stop Asset Repossession During a Bankruptcy Filing?
One of the main reasons people consider bankruptcy is to see if they can avoid losing their home, their car, or some other valuable asset. Bankruptcy can save your assets from repossession, but you need to understand how to protect them and the various implications. The Cleveland Bankruptcy Attorneys atCleveland Bankruptcy Attorneys can help you understand your options and navigate the bankruptcy process. We can halt the repossession and foreclosure Read More
Chapter 13 Bankruptcy FAQ
When it comes to filing for bankruptcy, it is normal to have many questions. This can be a stressful and complex time, and you may be unsure if Chapter 7 or Chapter 13 bankruptcy is right for you. To answer your most commonly asked questions, continue reading our Chapter 13 bankruptcy FAQ below. If you or a loved one is facing bankruptcy and is unsure of your options, do not Read More
Does a Voluntary Repossession Affect Credit?
If you have fallen behind on your payments, your car could get repossessed. Whether voluntary or involuntary, a repossession will hurt your credit score. However, there are some advantages to a voluntary repossession because it gives you a measure of control over the situation. The key is to act before you start missing payments. If you are having financial troubles and anticipate that you may be unable to meet your Read More