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Can I avoid foreclosure through bankruptcy in Ohio?

If you’ve received a notice that your mortgage lender is initiating foreclosure proceedings, you’ll likely do anything to put the brakes on that process. Avoiding foreclosure is a major reason that people come to us to talk about bankruptcy — they’re looking for the solution to save their house.

Based on your situation, bankruptcy may or may not help you avoid foreclosure. In order to get the best outcome, it’s important to understand what protections are available against foreclosure.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy typically offers a full discharge of your outstanding debts without need for repayment. When you file for Chapter 7, you fall under the “automatic stay” provision, which mandates that all creditors stop collections actions until your case is discharged (complete.)

This automatic stay can delay a foreclosure, but may not allow you to completely avoid it. The mortgage lender can still request permission from the court to proceed with a bank sale. Whether or not such a request would be granted is hard to guess. However, filing Chapter 7 will allow you to avoid foreclosure for the next 60 days or so. During that time you might be able to sell your property or work with your lender to find a more palatable solution, so it can be a valuable reprieve.

Chapter 13 Bankruptcy

The other kind of bankruptcy is Chapter 13, which requires repayment of some portion of your outstanding debt. Chapter 13 can be a good choice for avoiding foreclosure. The process for Chapter 13 requires establishment of a payment plan with your creditors. In other words, you’re working with your creditors to find a more workable situation.

Many homeowners facing foreclosure find that the payments required to maintain the payment plan are burdensome. Some bankruptcy proceedings may allow for a loan modification on the mortgage, which could bring down the monthly payment cost. And Chapter 13 also offers the automatic stay protection, ensuring at the very least time to come to a positive solution.

To avoid foreclosure through bankruptcy, seek out an attorney NOW

If you’re facing foreclosure, there’s no time to lose. An in-depth discussion with an attorney will allow you to make educated decisions about bankruptcy as a tactic to postpone or avoid losing your home. Don’t make the mistake of waiting too long. Save money and time by seeking bankruptcy help from a reputable Ohio bankruptcy attorney today. Contact us for your free, confidential consultation today.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Am I Eligible for Bankruptcy Under the Means Test in Ohio?

If you’re considering bankruptcy, you may have heard of the bankruptcy means test and wondered what it means for your eligibility for bankruptcy. Good news! In general, the bankruptcy means test does not exclude you from filing for bankruptcy.

In 2005, the U.S. government acted to crack down on abuses of the bankruptcy system by passing the means test. The new rule specifically addresses wealthy debtors — people who may have adequate income to pay off their debts.

And even better, the rule only applies to Chapter 7 bankruptcy (in which you have the ability to completely wipe out your consumer debt.) Even individuals that fail the test may still be eligible to file for Chapter 13, under which they would pay back a reduced portion of their debts over time.

So there’s no reason to fear the bankruptcy means test — although you do need to be informed. Here’s what it means for you.

How the rules apply

The language of the test is complex, but it boils down to this:

  • If you earn less than the median income in your state, you are NOT subject to the means test. You don’t have to worry about it.
  • If you earn more than the median income, you do have to pass the means test in order to be eligible for bankruptcy. However, the test is actually rather lenient, as it is designed to catch abuses of the system, not punish legitimate debtors.

How is the bankruptcy means test calculated?

In general, the test calculates your income and your debts, and provides a certain ratio of debt to income at which you are deemed to have “passed.” If you’re unsure if you would be eligible, you should see a qualified bankruptcy attorney in your area, who can help you determine your eligibility. As always, your situation is unique, and an attorney consultation is the only way to get real answers on available remedies for eliminating your debt.

Have a question about the bankruptcy means test?

We’re happy to help. Contact us to schedule your complimentary consultation with an Ohio Bankruptcy attorney. You’ll learn all you need to know about the bankruptcy process, and the best way to start protecting yourself from creditors now.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Building Credit after Filing Bankruptcy in Ohio

For those considering filing bankruptcy, it’s the biggest question — can you get credit after bankruptcy?

Bankruptcy does impact your future finances, but the good news is that the outlook isn’t as dire as you might think. With good financial planning, you can rebuild your scores and begin to receive offers for loans, including mortgages, within months of filing bankruptcy.

Bankruptcy and your credit score

Your ability to get credit after bankruptcy is linked to your FICO score, a three-digit number created by rating agencies to “grade” your creditworthiness. Although bankruptcy stays on your credit report for seven to ten years, it’s impact on your rating can begin to decline immediately because often it’s the most recent activity in your history that has the most weight. In fact, many of our clients begin to see offers of credit within 90 days after bankruptcy.

Managing your finances well can help you earn good financial grades in the future, and begin to see your score rebound. Here’s how:

  • Pay all of your bills on time. Just as late payments can negatively impact your FICO score, a history of on-time payment can positively impact your rating. Whatever bills you have each month, ensure your payments are scrupulously on time.
  • Get and use credit responsibly. If a serious spending problem is what put you into bankruptcy in the first place, this may not be the best plan. But if you feel ready and able to responsibly manage your spending, get what credit you can and manage it well. Try a secured credit card, designed for those with financial blemishes, and pay off the entire balance each month as scheduled. This will begin to demonstrate that you can manage your finances well.
  • Don’t max out any credit account. Part of your FICO score is linked to the ratio of available credit to credit used — in other words, how close to your limit you are. You want to make sure that you never exceed one-third of the limit on any account. So, if your credit card limit is $500, stop spending at $150, and pay off the balance. This may seem like a difficult restriction, but it shows financial discipline that will pay off in your FICO score.
  • Maintain an installment account. You’ll also need some installment credit, like a car loan, student loan or home loan to show your credit stability. If you still have a student loan after bankruptcy, pay off as much as possible each month. You can probably still qualify for an auto loan after bankruptcy, although the rates will be higher than before bankruptcy. But by paying these rates in the short term, you can get better rates a year or two down the line.
  • Clean up your credit report. Although many of your credit accounts may be eliminated due to bankruptcy protection, they may still show on your credit report as open and overdue. There can also be other errors on your report of which you’re not aware. Take advantage of your right to a free annual credit report (available from AnnualCreditReport.com, a government-mandated secure site) and look it over line by line. If anything seems incorrect, contact the appropriate reporting agency to make adjustments. Accounts that are listed as open or overdue that were included in your bankruptcy should have their status changed, in order for you to be able rebuild your credit.

These steps will help you rebuild credit after bankruptcy and begin to regain the financial flexibility you once had. Some financial discipline now will provide a strong foundation for your financial future.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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How to File Bankruptcy in Ohio

If you’re wondering how to file bankruptcy, you’re not alone. Each year, more than one million Americans file for protection under Federal Bankruptcy Laws.

In most cases, the people filing are hard working individuals who have found themselves in financial trouble. The sudden loss of a job, a divorce, unexpected medical expenses, or some other unforeseen event can wipe out a lifetime of savings, and leave you struggling to keep pace. Creditors aren’t necessarily concerned with making things easier, and for many, the stress of dealing with stacks of unpaid bills can seem almost unbearable.

Fortunately, federal laws can help ease the burden. Bankruptcy laws were established for your protection, and they offer the opportunity for you to start rebuilding from scratch.

But, that doesn’t mean you should enter into bankruptcy lightly. Bankruptcy is there to help you if you’re in a financial pinch, but the process is not easy and can be confusing. Seeking expert help from an attorney can make the bankruptcy process much easier. In fact, working with an attorney can save you money by ensuring your assets are allowed maximum protection and that your debt is properly accounted for in the filing. Your attorney will help you walk through these steps to get your filing underway:

1. Meet with an attorney. Typically, bankruptcy filing is complicated and stressful. Although you can do it alone, it is highly recommended that you work with a bankruptcy attorney to help you file. The majority of “pro se” bankruptcy cases are dismissed in court. An attorney will know how to file bankruptcy for the best possible outcome, and can help you accurately assess your financial affairs, assist you with completing the Chapter 7 means test and help determine which bankruptcy filing option is best for you. After that, your attorney will submit your petitions and help steer your case through court.

2. Evaluate your alternatives. Prior to filing for bankruptcy, Federal Bankruptcy Laws require that you obtain consumer credit counseling from an entity approved by the U.S. Trustee. This counseling is intended to provide you with possible alternatives and must occur within 180 days of the date of the bankruptcy filing. Your attorney can advise you of when is the best time to take the course so that it doesn’t expire prior to filing, and may be able to help you find the most affordable programs for your needs.

3. Consider bankruptcy options. You may be most familiar with a “straight” or liquidation bankruptcy (usually referred to as “Chapter 7“). However, for some people, Chapter 13 debt restructuring may be the best option. Chapter 13 reduces your overall debt based on your monthly disposable income. Unlike a consolidation loan, in which an agency reduces your debt based on what the creditors want you to pay, Chapter 13 creates a plan for you to pay according to what you can pay. In some cases, this may be 10% or less of your outstanding debt. . It also offers you an opportunity to save your home from foreclosure and vehicle from repossession. Determining which type of bankruptcy is best for you involves evaluating if you meet the bankruptcy means test requirement and income vs. expenses calculations, as well as looking at your personal assets and financial situation.

4. Refer creditors to your attorney. Once you have retained an attorney, you can breathe a little easier. Your attorney can speak to creditors on your behalf — and that means you don’t have to answer any more aggravating phone calls! Once your attorney has filed your case, an “automatic stay” goes into effect. This injunction stops lawsuits, foreclosures, garnishments, and all collection activity against you.

Filing for bankruptcy can be a bitter pill to swallow. Federal Bankruptcy Laws are here to help you get a fresh start. If you’re wondering how to start to file bankruptcy, schedule a free consultation with a Columbus Bankruptcy Attorney, by calling 614-934-1544.

Call Today to Schedule a Free Bankruptcy Consultation With an Experienced Attorney Who Cares About YOU that CAN Help!

The Law Office of M. Sean Cydrus cares and can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We ensure that your rights are protected and never hesitate to take immediate action when time is of the essence. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation! Help is just one phone call away! 614-934-1544

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Stop a Wage Garnishment Before it Happens in Ohio

Having trouble paying the bills you have now? Imagine taking a 25% pay cut.

That’s the danger for those who don’t stop wage garnishment in its tracks. Many people don’t know that a credit card company, cell phone provider, or virtually any other company can take money straight out of your paycheck to cover a debt.

Garnishment is a legal mandate that your employer withhold money from your paycheck and pay the creditor in question. A simple filing process and court approval allows them to contact your employer and instruct them to take money out of your paycheck to pay your outstanding debts. And more and more, garnishments are how collections agencies are getting paid.

If you want to stop wage garnishment, you can’t afford to ignore your debts. You may have drawers full of collections notices that you haven’t read, or you may have disconnected your phone to avoid the collections calls. This is normal — if you don’t know how to eliminate your debt or stop wage garnishment, you may not know where to start.

How can you stop wage garnishment?

  • Pay your debts. Sure, this works, but how practical is it? If you’re struggling with debt, you probably don’t have the money right now to pay off your debts. And since multiple creditors can file against you, unless you pay off all of your debt, you can’t guarantee that you’ll stop wage garnishment.
  • Work with your creditors on a payment plan. Try opening those collections notices and calling the number that they provide. Ask if they offer a payment plan. Offer a small payment each week or month that you know you can make consistently. Some creditors may work with you, but if the debt has already gone to collections, they may be less forgiving. Collections agencies make their money based on what they collect, so if they have a choice between a payment plan you might pay, or a garnishment that’s guaranteed, you can guess which is more attractive.
  • Get legal help. The best way to fully evaluate your options to stop wage garnishment is to get professional help. Although creating a payment plan may be a good first step, the creditor doesn’t have to abide by your agreement, so it doesn’t truly stop wage garnishment. And the small payments you make may mean that you’re never truly debt-free. Consulting an Ohio bankruptcy lawyer can help you fully understand your options for eliminating your debt so you can make an educated decision.

It’s hard to stop wage garnishment alone
Big companies and collections agencies have entire departments of lawyers and experts whose job it is to get your money. Even your best efforts at fixing the situation may not be enough. Our Columbus bankruptcy attorneys can give you the support and answers that you need to stop wage garnishment and pursue bankruptcy if it’s right for you. Contact us today to schedule your free bankruptcy consultation. Help is one phone call away!

Call Today to Schedule a Free Bankruptcy Consultation With an Experienced Attorney Who Cares About YOU that CAN Help!

The Law Office of M. Sean Cydrus cares and can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We ensure that your rights are protected and never hesitate to take immediate action when time is of the essence. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation! Help is just one phone call away! 614-934-1544

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What Will Happen to My Home When Filing Bankruptcy in Ohio?

What will happen to my home when filing bankruptcy? Can I keep my home and file bankruptcy? Can I give up my house in bankruptcy?  These are some of the most frequently asked questions people have when making the decision to file bankruptcy.  The truth is that because you file a bankruptcy doesn’t mean that you will lose your home.  If you want to keep your home, all you have to do is make sure that you stay current on your house payments.  Filing a Chapter 7 bankruptcy would be ideal if you are current on your house payments and would like to keep your home.  Filing a Chapter 13 bankruptcy would be ideal if you are behind on your house payments and would like to keep your home.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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What Will Happen to My Car When Filing Bankruptcy in Ohio?

What will happen to my car when filing bankruptcy?  Can I keep my car and file bankruptcy? Can I give up my car in bankruptcy?  These are some of the most frequently asked questions people have when making the decision to file bankruptcy.  The truth is that because you file a bankruptcy doesn’t mean that you will lose your car or other vehicles.  If you want to keep your vehicles, all you have to do is make sure that you stay current on your payments.  If you are not current on your vehicle payments, it is a matter of time before the vehicle gets repossessed.  If the car gets repossessed, you may have an option of getting the car back by filing a Chapter 13 bankruptcy.  Filing bankruptcy will give you protection under the Federal government.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Getting a Credit Report When Filing Bankruptcy in Ohio

Getting a credit report is a good idea when planning to file bankruptcy. Getting a credit report will help you obtain a list of your bills or debts.  A credit report will show items such as credit cards, personal loans, car payments, house payments, and bills sent to third-party collections.  Credit reports may not include items such as insurance, utilities, and recent medical bills.  Getting a credit report is a good idea when you plan on filing bankruptcy so that you find stuff that you didn’t know was out there.  Many times when pulling a credit report you will find something on there that you didn’t know existed.

The three main credit reporting agencies are Experian, Equifax, and TransUnion.   There are many ways you can obtain a credit report.  Some companies will charge you a fee.  Other companies are absolutely free.  Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Free Consultation With Bankruptcy Attorney in Ohio

If you are considering bankruptcy, you may want to speak with an experienced attorney that specializes in bankruptcy.  Speaking with a professional will give you an opportunity to explore every legal option available to you under the applicable law.  Legal counsel can help you get back to financial success and can take the necessary legal action to stop a wage garnishment, foreclosure, sheriff sale, and utility disconnection.  Filing a Chapter 7 or Chapter 13 personal bankruptcy will give you protection under Federal law unlike the programs you hear about on television or the radio.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Filing Chapter 13 Bankruptcy Debt Consolidation in Ohio

There are many benefits to filing a Chapter 13 bankruptcy.  Filing a Chapter 13 bankruptcy can help you consolidate your debt and allow you to make monthly payments to your creditors with a payment you can afford each month.  Filing a Chapter 13 bankruptcy can be beneficial if you are behind in your vehicle or mortgage payments.  By simply filing your bankruptcy petition you can stop a foreclosure, wage garnishment, and utility disconnection.  You can even get your driver’s license back from suspension.

Filing a Chapter 13 bankruptcy is what most people envision of as a debt consolidation through the Federal government.  A lot of times there are no other alternatives than to file a Chapter 13 bankruptcy if you are behind in your mortgage payments and would like to keep your home.  Calls to banks often go unreturned and loan modifications are often denied. Bankruptcy may be the best and only option for you.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Truth About Debt Consolidation Companies in Ohio

If you are struggling to make minimum payments on your bills, you have probably thought about consolidating your debt so that you can make one payment each month that you can afford.  The only true debt consolidation is getting a personal loan from the bank to pay off all of your bills or by filing a Chapter 13 bankruptcy.  Filing a Chapter 13 bankruptcy will enable you to make a payment you can afford each month that is disbursed to your creditors to pay off your debt. Filing a Chapter 13 bankruptcy will give you protection under the Federal government unlike debt consolidation companies you hear about on television or the radio.  By filing a Chapter 13 bankruptcy, you may pay pennies on the dollar on your debts.  A Chapter 13 bankruptcy will stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection.  You can even get your driver’s license back from suspension.

What you probably didn’t know is that the debt consolidation companies you see on television are not regulated.  Creditors don’t have to accept an offer made by a debt consolidation company and the creditor can file a lawsuit against you at any time to garnish your wages, seize funds from your bank accounts, and attach liens to property.  Some debt consolidation companies require you to make monthly payments to them while gathering your cash into a pool and calling the creditor to negotiate a lump sum settlement offer after stuffing their pockets with your monthly payments.   While this is going on, interest and late fees are accruing on your bills.  You could be getting ripped off each month and will never know it until you are served a lawsuit or wonder where your money has gone years later.  There are no guarantees unless you file a bankruptcy which would give you protection under Federal law.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Should I File Chapter 7 or Chapter 13 Bankruptcy in Ohio?

When making the decision to file bankruptcy, you should explore both options of filing a Chapter 7 and Chapter 13 bankruptcy.  Both bankruptcies have their own advantages.  The friendly Law Office of M. Sean Cydrus can help you tailor a bankruptcy around the unique needs and rhythms of your family. Filing a Chapter 7 bankruptcy is what most people envision of when they think about bankruptcy. Filing Chapter 7 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions.

Filing a Chapter 13 bankruptcy is what most people envision of as a debt consolidation through the Federal government. A Chapter 13 bankruptcy may allow you to pay pennies on the dollar on your unsecured debt with a payment you can afford. Filing a Chapter 13 bankruptcy can help you if you are behind in your mortgage or vehicle payments.  One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. You can even get your driver’s license back from suspension.

Filing a bankruptcy would be crucial if your home is in foreclosure or if you have lawsuits filed against you. Once a judgment is rendered against you the creditor can garnish your wages, seize funds from bank accounts, and attach liens to property. Filing a bankruptcy will keep this from happening. If your home is in foreclosure, it is important to file your bankruptcy before the sheriff sale date. After the sheriff sale date the home is gone and you will be stuck with a mortgage loan deficiency judgment.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Choosing an Attorney to File Bankruptcy in Ohio

Filing bankruptcy doesn’t have to be difficult.  It can be rather easy working with an experienced attorney that specializes in bankruptcy.  There are many reasons why one may need to file bankruptcy.  Filing bankruptcy will automatically stop a wage garnishment, foreclosure, vehicle repossession, and utility disconnection. You can even get your driver’s license back from suspension. Filing bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, evictions, and items sent to third-party collections.  Filing bankruptcy is an option available under the Federal government.

When choosing an attorney to file your bankruptcy, there are several things you should look for.  The first thing is experience.  An experienced bankruptcy attorney will ensure that your case gets filed correctly and the necessary legal action is taken.  The next thing you should look for is personality.  When choosing an attorney, you want to go with someone that cares about you and is compassionate about your situation.  It is very important that you like the person you are working with.  You should also look for an attorney with reasonable legal fees.  You want to choose someone you like, but at the same time you don’t want to pay more than the average cost of filing a bankruptcy.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Benefits of Filing Chapter 7 Bankruptcy in Columbus Ohio

Filing a Chapter 7 bankruptcy is what most people envision of when they think about bankruptcy.  Filing Chapter 7 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. There are a few things you typically have to pay back such as student loans, back taxes, and domestic support.  Filing bankruptcy will give you protection under the Federal government.

Filing a bankruptcy would be crucial if your home is in foreclosure or if you have lawsuits filed against you.  Once a judgment is rendered against you the creditor can garnish your wages, seize funds from bank accounts, and attach liens to property.  Filing a bankruptcy will keep this from happening.  If your home is in foreclosure it is important to file your bankruptcy before the sheriff sale date.  After the sheriff sale date the home is gone and you will be stuck with a mortgage loan deficiency judgment.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Benefits of Filing Chapter 13 Bankruptcy in Columbus Ohio

Filing a Chapter 13 bankruptcy is what most people envision of as a debt consolidation through the Federal government.  A Chapter 13 bankruptcy may allow you to pay pennies on the dollar on your unsecured debt with a payment you can afford.  Filing a Chapter 13 bankruptcy can help you if you are behind in your mortgage or vehicle payments.

One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection.  You can even get your driver’s license back from suspension.  Filing a Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. Filing bankruptcy will give you protection under the Federal government unlike debt consolidation companies you here about on television that leave you with broken promises and an empty bank account.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Filing Bankruptcy Because You Lost Your Job in Ohio

Losing your job can put you in a financial strain.  Not having a source of income can put you behind in your bills and make it nearly impossible to pay off even when you do find employment.   Times can still be difficult if you are receiving unemployment.  Receiving a fraction of what you are used to bringing in each month can still leave you in the negative.  Filing bankruptcy can help you get a fresh start on your bills and can help you protect your assets.

You may want to consider filing bankruptcy if you are struggling to make minimum payments and receiving harassing creditor phone calls.  Filing a Chapter 13 bankruptcy can help you if you are behind in your mortgage or vehicle payments.  One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection.  You can even get your driver’s license back from suspension.  Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Stop Creditor Phone Calls When Filing Bankruptcy in Ohio

Getting harassing creditor phone calls can be annoying.  They call you when you are at work, when you are eating dinner, and when you are trying to sleep.  They never want to work with you and all they care about is getting your money.  You may have already told them about your situation and still refuse to stop calling.  Many times when retaining an attorney for bankruptcy, the creditors will contact you through your attorney.  This will stop the creditors from calling your phone and will keep your attorney informed if any major legal issues arise.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.  Filing bankruptcy will give you protection under the Federal government unlike debt consolidation companies you here about on television that leave you with broken promises and an empty bank account.

An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Filing Bankruptcy When You Are On a Fixed Income in Ohio

Being on a fixed income can make times difficult when you are trying to get caught up on your bills.  No one can foresee having car problems, medical problems, or having to replace major appliances in your home.  Chances are you barely have enough money to pay for basic living expenses and have next to nothing left over each month.  Accumulating an abundance of debt can be easy when you are on a fixed income because you don’t have a way to earn extra income.  When you cannot see yourself paying off your total debt, you may want to consider bankruptcy.  Bankruptcy is an option available under the Federal government.

Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

There are many factors that influence one’s eligibility for filing bankruptcy.   Some of the factors that determine one’s eligibility to file a Chapter 7 or Chapter 13 personal bankruptcy include household income, total debt, household size, prior filings, and equity in assets.  An experienced Columbus Ohio Bankruptcy Attorney can determine your eligibility for filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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Chapter 13 Bankruptcy Saves Homes from Foreclosure in Ohio

Receiving a foreclosure notice in the mail can make your stomach cringe.  Things were probably great until some unexpected expenses set you back financially.  Mortgage payments are hard to get caught back up.  It can make times even more difficult when the mortgage companies tack on additional fees.  Calls to banks often go unreturned and loan modifications are often denied.  Filing a Chapter 13 bankruptcy will give you protection under the Federal government and would allow you to get current on your mortgage payments.  Filing a bankruptcy will automatically stop a foreclosure or sheriff sale.

The great thing about filing a Chapter 13 bankruptcy is that you could pay pennies on the dollar on your other debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections.  You could even get your driver’s license back if they are suspended or get back a repossessed vehicle as long as the car was not sold by the creditor.  Filing a bankruptcy will stop the creditors’ collection efforts against you.  Filing a bankruptcy will automatically stop a foreclosure, sheriff sale, wage garnishment, vehicle repossession, and utility disconnection.  Filing bankruptcy will give you a fresh start to life and can help you get back to the things you love without the stress of financial worry.

Sometimes there is no other option then bankruptcy.  What do you do when you can’t make minimum payments and creditors are harassing you over the phone?  What do you do when you are getting your wages garnished or your home is in foreclosure?  Most programs you see on television or hear on the radio leave you with broken promises and an empty bank account.  Bankruptcy is an option under the Federal government.

An experienced Ohio Bankruptcy Attorney can determine your eligibility of filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away!

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New Start for Summer by Filing Bankruptcy in Ohio

It can be depressing not having enough money to pay all of your bills.  Becoming unemployed, underemployed, or incurring unexpected expenses can set you bad financially.  When you are struggling to make minimum payments, there seems to be no end at the tunnel.  Times can become even more difficult if you have been threatened with a lawsuit, wage garnishment, foreclosure, or utility disconnection.  Times can become even worse if you have had your car repossessed or driver’s license suspended.

The truth is that there are legal options that you can stand upon.  Filing a bankruptcy will give you protection under the Federal government.  Filing a Chapter 7 or Chapter 13 bankruptcy will discharge most of your debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. You can also discharge other debts such as a foreclosed home, repossessed vehicles, and evictions. One benefit of filing bankruptcy is that by simply filing your case you can stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

Sometimes things are out of your control.  No one can help falling into an accumulation of debt.  Life happens.  No one can foresee having car problems, medical problems, or losing their job.  Many times employers are cutting hours and benefits are not as good as they used to be.  Many Americans are struggling financially and bankruptcy may be the best option.

An experienced Ohio Bankruptcy Attorney can determine your eligibility of filing bankruptcy and can help you explore other avenues if bankruptcy is not the best option for you. Legal counsel will ensure that your rights are protected and that someone is looking out for your best interest. The friendly Law Office of M. Sean Cydrus can help you craft a plan to rebuild your financial future. We understand the stress of financial worry. We use a personal approach to solving your financial challenges and are here to help you through this difficult time. We pride ourselves on the ability to provide our legal expertise with compassion and understanding. We can meet with you at our conveniently located offices in Columbus and Chillicothe. Call today for a free consultation. Help is one phone call away! 614-934-1544