Are you overwhelmed with debt? If so, know that you are not the only one. Whether you’re struggling to keep up with your finances because you’ve lost a job, gone through a divorce, or faced a severe illness, you may be able to find relief through bankruptcy. Bankruptcy is a debt solution that has helped Geauga County residents avoid wage garnishment, foreclosure, and a number of other life-altering consequences.
At Luftman, Heck & Associates, we understand that debt can take a serious toll on your life. We are committed to providing you with a debt solution that can help you and your family pave the road for a healthier financial situation. An experienced Geauga bankruptcy lawyer from our firm can determine whether you qualify for Chapter 7 bankruptcy or Chapter 13 bankruptcy and guide you through the filing process. Call LHA today at (216) 586-6600.
Filing Bankruptcy in Geauga County
According to government data that reflects 2011 to 2015, the median household income for Geauga County is $72,430 while the per capita money or average income is $37,021. Approximately 7.5 percent of the county’s residents are living below poverty level. Because of the level of debt in Geauga County, many residents file for bankruptcy each year.
A Geauga County bankruptcy attorney at Luftman, Heck & Associates can help you determine whether bankruptcy is right for you. We will help you understand if you qualify for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy can give you the opportunity to walk away from your debts while Chapter 13 bankruptcy will allow you to keep your property and repay all or some of your debts through an affordable payment plan that will span over a three- to five-year period.
A means test will reveal whether you have the disposable income to pay off your debts. If you do not, you may qualify for Chapter 7 bankruptcy. Chapter 13 bankruptcy may be an option if you are not eligible for Chapter 7.
Why Hire a Geauga County Bankruptcy Lawyer
In addition to helping you figure out whether you are eligible for Chapter 7 or Chapter 13 bankruptcy, a Geauga County bankruptcy attorney at our firm can guide you through the entire bankruptcy process with the United States Bankruptcy Court and Ohio Northern District Bankruptcy Court. After you provide the necessary financial documents, a lawyer will assist you in completing a mandatory online credit counseling course.
Once you’ve completed the course, we will prepare a petition for filing your bankruptcy. About 30 days after the filing, a Geauga County bankruptcy lawyer will accompany you to the Section 341 Meeting of Creditors where you will answer questions by a bankruptcy trustee. If your case is a Chapter 7 bankruptcy, you can expect to receive a discharge within three to four months of the date the filing took place. The discharge will free you of any dischargeable debts that you may owe.
In the event that you are filing for Chapter 13 bankruptcy, a Geauga County bankruptcy lawyer will design a Chapter 13 plan which will outline who will get paid, how much, and what your monthly payment will be. As soon as your case has been filed, you will be required to begin making payments to the Chapter 13 trustee. You can count on your attorney to be there for you throughout the entire three- or five-year time frame of your Chapter 13 bankruptcy.
Call Luftman, Heck & Associates Today for a Geauga County Bankruptcy
Bankruptcy may be a smart choice for you if you are searching for relief from unsecured debts and creditor harassment, would like to be placed on a repayment plan for your debts, are committed to re-establishing your credit, or want a fresh start with little or no debts.
In a free consultation, our Geauga County bankruptcy lawyers at Luftman, Heck & Associates can evaluate your situation and explain if filing for bankruptcy is in your best interest. Call us today at (216) 586-6600.