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Client $30,000 in Debt Successfully Files for Bankruptcy

A man suspected he needed to file for bankruptcy to get rid his debt, but his attorney at the time assured him that he would not need to worry about that. Years later the man’s situation deteriorated and nothing worked out despite what his prior attorney had advised. That is when the man contacted Cleveland bankruptcy attorneys with Luftman, Heck and Associates.

LHA reviewed his client’s case and understood that if his client had filed years ago, the bankruptcy would have been coming off his present credit report, and his client might even be in a position where he was rebuilding his credit. Unfortunately, that was not the case now. Our Cleveland bankruptcy attorneys needed to help this client file for bankruptcy as soon as possible.

At the time, his client had $30,000 in debt. In addition, the company he had been working at was recently sold. He had $131,000 invested into a retirement plan and was worried he would lose that money by filing for bankruptcy – a common misconception. In the State of Ohio, exemption laws prevent workers from losing their retirement savings or IRA funds even if filing for bankruptcy.

Cleveland bankruptcy attorneys with LHA assured this client that he would not lose that money by filing for bankruptcy. After heeding Paul’s advice and successfully filing for bankruptcy, the man was relieved that he didn’t lose any retirement money.

Prior results do not guarantee a similar outcome in your case. Individual results may vary based on the facts, injuries, jurisdiction, venue, witnesses, parties, and other factors. The results and client testimonials provided are not necessarily representative of the results obtained by all clients or their satisfaction with the firm’s services.