A divorce or separation, job loss, business failure, medical emergency, or another life-changing event can leave you overwhelmed with debt. If you are struggling to pay your mortgage, car loans, credit card payments, and medical bills, filing for bankruptcy may be a way for you to find relief.
A Cuyahoga bankruptcy lawyer from Luftman, Heck & Associates can evaluate the circumstances of your situation and inform you whether Chapter 7 bankruptcy or Chapter 13 bankruptcy can help you get your finances back on track. To discuss your particular case in a free consultation, we encourage you to call us today at (216) 586-6600.
Debt in Cuyahoga County
The median household income for the 2011 to 2015 time frame in Cuyahoga County is $44,190 while the per capita money income is $28,315. About 18.2 percent of the residents in the county live in poverty. Many people who experience poverty and those who are well above the federal poverty line (FPL) need help with debt. Our Cuyahoga County bankruptcy lawyers can help you if you’re considering Chapter 7 or Chapter 13.
How a Cuyahoga Bankruptcy Attorney Can Help You
A highly skilled Cuyahoga bankruptcy lawyer can let you know if you qualify for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy is the most common type of bankruptcy and can eliminate most of your debts and give you a fresh financial start. It’s important to note that although unsecured debts like credit card and medical bills can be completely discharged, some debts like certain taxes, student loans, and child support or alimony are non-dischargeable in a Chapter 7 case.
In the event that you are ineligible for Chapter 7 bankruptcy and have a steady income, Chapter 13 bankruptcy may be an option. Chapter 13 bankruptcy is designed to reorganize your debt and give you the chance to repay it through an affordable repayment plan that typically lasts three to five years. One of the greatest benefits of filing for Chapter 13 bankruptcy is the chance to stop foreclosure and keep your home.
A means test will inform you if you qualify for Chapter 7 or Chapter 13 bankruptcy. It will evaluate whether you have the disposable income to repay some of your debts through the Chapter 13 repayment plan.
Once a Cuyahoga County bankruptcy attorney helps you determine which type of bankruptcy is right for you, they will guide you through the entire filing process with the United States Bankruptcy Court and the Ohio Northern Bankruptcy Court and be there for you any time you have a question. With legal representation by your side, you can put an end to creditor harassment and wage garnishment while erasing thousands of dollars of medical bills, credit bills, and other debts.
Contact a Cuyahoga Bankruptcy Lawyer at Luftman, Heck & Associates Today
If you are ready to alleviate the financial stress that you and your family have been facing, it is in your best interest to contact a highly skilled Cuyahoga bankruptcy lawyer at Luftman, Heck & Associates. Our firm is well-versed in bankruptcy law and can provide you with the experience and resources you need to improve your finances so that you can focus on family, career, education, and the important aspects of your life.