A 56-year-old college professor in New York was in the process of filing Chapter 13 bankruptcy, a court supervised repayment plan, after falling behind on his mortgage. Right before filing, his bank withdrew $1,000 from his personal bank account and notified him that he was overdrawn on a line of credit he had. The man, needing more time to fulfill this payment request, wished to get the entire sum back 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.
$200,000 In Mortgages Forgiven After Cleveland Couple Files Chapter 13 Bankruptcy
A married couple in their 50s recently found themselves in a declining financial state. The Cleveland couple had two mortgages on their house and another one on a rental property they owned. Unfortunately, the houses were not worth anything near what they owed on their properties. They found it was in their best interest to speak with the attorneys at Cleveland Bankruptcy Attorneys to evaluate their options. After speaking with Read More
Can Creditors Still Collect Debt That Was Wiped Out by Bankruptcy?
When you are overwhelmed by debt, bankruptcy can offer you a fresh start financially. Your debts are wiped out, and you can start over with a clean slate. Sometimes, though, creditors, debt collectors, and collection attorneys threaten these rights to a fresh start and try to collect on a debt that was wiped out by bankruptcy. Many clients come to us full of worry, wondering, “Can creditors still collect a Read More
Chapter 13 Bankruptcy Filed For Woman After Husband Passes Away
The Cleveland Bankruptcy Attorneys with Cleveland Bankruptcy Attorneys often see clients burdened with large amounts of debt and struggling to keep up with uncertain financial circumstances. More recently an elderly couple from Parma, Ohio found themselves in a similar situation. Attempting to gain control of their finances, they reached out to the experienced Cleveland Bankruptcy Attorneys at Cleveland Bankruptcy Attorneys. After reviewing the couple’s case, we filed Chapter 13 bankruptcy Read More
Foreclosure Scams
When you are behind on your mortgage payments and fear losing your home, you may feel overwhelmed and unsure who to trust. With so many companies out there claiming to help you get back on your feet, it’s all too easy to fall prey to foreclosure scams. Unfortunately, these scams won’t help you save your home. They simply will bring you closer to losing your home, bleeding you of your Read More
Can I Keep My Tax Refund While Filing for Bankruptcy?
When you are considering bankruptcy, every little extra bit of money can help, which is why many people worry about the impact of a bankruptcy on an income tax refund asking, “Can I keep my tax refund while filing for bankruptcy?” Unfortunately, the answer isn’t so clear-cut. Generally, the trustee will want to take your tax refund and include it as an asset in the estate, because it is both Read More
Husband And Wife Successfully File Bankruptcy And Settle Mortgage
A married couple in their 40s turned to the bankruptcy attorneys at Cleveland Bankruptcy Attorneys for help with a large amount of debt they found themselves owing. Even with their combined monthly income of $16,000, the police officer and car dealer found themselves with a substantial amount of debt to pay back. Sensitive to the needs of our clients, Cleveland Bankruptcy Attorneys saw an opportunity to file bankruptcy for the Read More
Does a Bankruptcy Discharge Mean My Case Is Closed?
The object of a bankruptcy proceeding is to wipeout or restructure unmanageable debt for borrowers who have no way to pay. When debts are successfully wiped out, or discharged, many people think their bankruptcy case is over. But the fact is, your bankruptcy case is not closed just because your debts have been discharged. Understanding a Bankruptcy Discharge When debts are discharged in bankruptcy it means you are no longer Read More
Checking Account Unfrozen for Non-English Speaking Client
Cleveland Bankruptcy Attorneys with Cleveland Bankruptcy Attorneys were recently contacted by a non-native English speaking gentleman in his late 20s seeking emergency relief from an aggressive creditor. Our client spoke Vietnamese and very little English and contacted our office by email stating his checking account had been frozen by the bank with over $3,000. Our client’s bank informed him he had three days to prove the aggressive creditor seeking payment Read More
Court Fines Leading to Modern-Day Debtors Prisons
If you’ve ever read a Charles Dickens novel, you might be familiar with the concept of debtors prisons. Back in the 19th century, debtors prisons were places where people who owed money they couldn’t pay would be incarcerated. They would have to stay until they either worked off the money they owed, or found the money to pay their debts. Debtors prisons are supposed to be a thing of the past. Read More