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Filing Bankruptcy in Franklin County Ohio

You may be one of many Americans living in Franklin County, Ohio who are struggling financially and thinking about filing bankruptcy to resolve a difficult financial situation. Bankruptcy is an option available under the Federal government that will eliminate most of your debts such as credit cards, personal loans, medical bills, utilities, and items sent to third-party collections. You can also eliminate other debts such as evictions, repossessed vehicles, foreclosed homes, reinstatement fees, and attorney fees. The only debts you typically have to pay back are student loans, taxes less than 3 years old, and domestic support such as child support.

There are other benefits and Federal protections that bankruptcy offers. Filing bankruptcy will automatically stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection. You can even get your driver’s license back from suspension. Filing bankruptcy will essentially stop or cease all creditor collection efforts against you. Filing bankruptcy will also stop a lawsuit from beginning or continuing.

Sometimes there is no other option than to file bankruptcy. It is important to take immediate action once you are served legal documentation from the court such as a lawsuit or foreclosure. There is a small window of time to act upon to use your rights to the fullest. Legal counsel will ensure that your rights are protected and can take legal action when time is of the essence. Schedule a free consultation today with The Law Office of M. Sean Cydrus. Help is one phone call away!

Experienced Columbus Ohio Bankruptcy Attorney Can Help!

An experienced Columbus Ohio Bankruptcy Attorney will be able to tailor a bankruptcy around your unique situation. A legal professional 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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Information About Chapter 13 Bankruptcy in Ohio

Filing bankruptcy will give you protection under the Federal government. When filing your bankruptcy petition, you will receive an “automatic stay” of protection that will stop all creditor collection efforts against you. Filing bankruptcy will prohibit creditors from beginning or continuing a lawsuit against you. There are many benefits to filing bankruptcy.

What is a Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is 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 debts such as credit cards, medical bills, personal loans, and items sent to collections. Filing a Chapter 13 bankruptcy can help you if you are behind in your mortgage or vehicle payments. Filing Chapter 13 bankruptcy can also help you protect your assets while consolidating your debt with a payment you can afford.

Filing Chapter 13 Bankruptcy to Stop Foreclosure

Filing Chapter 13 Bankruptcy would be beneficial if you are behind in your mortgage payments and you would like to find a solution to keep your home. Filing Chapter 13 bankruptcy will stop the foreclosure and a sheriff sale. Filing Chapter 13 bankruptcy would allow you to get current on your mortgage payments by being able to make payments on the arrears over a period of time compared to trying to come up with a lump sum of money you simply cannot afford or do not have.

Filing Chapter 13 Bankruptcy to Stop Vehicle Repossession

Facing a vehicle repossession can make everyday living even more difficult. Not knowing the time or place that your car may be repossessed can be devastating to the family especially when there are children involved. Filing Chapter 13 bankruptcy will keep your vehicle from becoming repossessed if you are behind in your payments.  You can file a Chapter 13 bankruptcy to get a vehicle back from repossession as long as the vehicle has not been sold at auction from the creditor.

Other Ways Filing Chapter 13 Bankruptcy Can Help

  • Stop a Wage Garnishment
  • Stop a Utility Disconnection
  • Chapter 13 Will Eliminate Most of Your Debts or Bills
  • Get Your Driver’s License Back From Suspension
  • Stop Creditor Harassment and Give You a Fresh Start

Scheduling a free consultation with an experienced Columbus Ohio Bankruptcy Attorney would give you an opportunity to speak with a legal professional that can evaluate your unique situation and lay out every legal option available to you under the applicable law.

The Friendly Law Office of M. Sean Cydrus Can Help!

The 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 ensure that your rights are protected and that someone is looking out for your best interest. 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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Tailoring a Bankruptcy Around Your Unique Situation in Ohio

There are many ways bankruptcy can help out with your financial situation.  An experienced bankruptcy attorney can tailor a bankruptcy around the unique needs and rhythms of your family.  There are many options that may be available to you given your situation by filing a Chapter 7 or Chapter 13 bankruptcy.  Both Chapter 7 and Chapter 13 bankruptcies have their own benefits.

What Options Do I Have With My Home When Filing Bankruptcy?

Filing a Chapter 7 or Chapter 13 bankruptcy will automatically stop a foreclosure or sheriff sale.  Just because you file bankruptcy doesn’t mean that you will lose your home.  There are Ohio exceptions that will allow you to keep your assets when filing bankruptcy.  Filing Chapter 7 bankruptcy would be ideal if you are current on your mortgage payments and want to keep your home and eliminate other debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections.  Filing Chapter 7 bankruptcy is also a legal avenue available if keeping the home is not an option you would like to explore and you would like to find a solution to walk away free and clear with a fresh start.

Filing Chapter 13 bankruptcy would be ideal if you are behind in your mortgage payments and you would like to keep your home.  Many times calls to banks go unreturned and creditors are unwilling to work with you.  Loan modifications can be a lengthy process and are often denied.  If your home is in foreclosure or scheduled for sheriff sale, bankruptcy may be the best and only option for you.  If you don’t have the money the bank is asking for to get your mortgage current, filing Chapter 13 bankruptcy will help you save your home by giving you protection under the Federal government.  Filing Chapter 13 bankruptcy will allow you to make payments on the arrearages over a period of time compared to coming up with a lump sum of money you simply do not have.

What Options Do I Have With My Vehicle When Filing Bankruptcy?

Filing a Chapter 7 or Chapter 13 bankruptcy will automatically stop a vehicle repossession.  Filing a Chapter 13 bankruptcy would be ideal if you are behind in your payments and you would like to keep your vehicle.  Filing a Chapter 13 bankruptcy can also get your vehicle back from repossession as long as your car has not been sold by the lender.

Filing Chapter 7 bankruptcy would be ideal if you want to keep the vehicle and you are current on your payments.  Chapter 7 bankruptcy can also help out if you do not want to keep the car and would like to eliminate the debt owed from a repossessed vehicle along with most of your other debts or bills.

What are Some Benefits of Filing Bankruptcy?

  • Filing Bankruptcy Will Stop a Wage Garnishment
  • Filing Bankruptcy Will Stop a Foreclosure / Sheriff Sale
  • Filing Bankruptcy Will Stop a Vehicle Repossession
  • Filing Bankruptcy Will Stop a Utility Disconnection
  • Filing Bankruptcy Will Eliminate Most of Your Debts or Bills
  • Filing Bankruptcy Can Help You Get Your Driver’s License Back From Suspension
  • Filing Bankruptcy Will Stop Creditor Harassment and Give You a Fresh Start

What are the Differences Between a Chapter 7 and Chapter 13 Bankruptcy?

Chapter 7 bankruptcy is what most people envision of when they think about bankruptcy.  Filing Chapter 7 bankruptcy will eliminate most of your debts including credit cards, medical bills, personal loans, utility bills, items sent to third-party collections, repossessed vehicles, foreclosed homes, evictions, reinstatement fees, and attorney fees.  When filing a Chapter 7 bankruptcy, you typically want to be current on your payments for any assets that you want to keep after the bankruptcy.

Chapter 13 bankruptcy is what most people think of as a debt consolidation through the Federal government.  You may be able to pay pennies on the dollar on your debts or bills with a payment you can afford each month.  That means that you are paying a fraction of the debt that you owe with a payment based upon your expenses and income.  Chapter 13 also allows you to get current on mortgage and vehicle payments if you are behind. Filing Chapter 13 bankruptcy will protect your assets that you are behind in payments if your goal is to retain and keep them in your possession.

How Do I Know Which Bankruptcy To File?

Speaking with an experienced Columbus Ohio Bankruptcy Attorney for a free consultation would be a good idea to see what all legal avenues are available to you.  An experienced bankruptcy attorney will be able to tailor a bankruptcy around the unique needs and rhythms of your family.  There are many benefits available by filing bankruptcy.  Experienced representation will be able to determine your eligibility to file bankruptcy and can determine the benefits of both the Chapter 7 and Chapter 13 bankruptcy applied to your situation.  Legal counsel will ensure that your rights are protected and can take legal action when time is of the essence.

The Friendly Law Office of M. Sean Cydrus Can Help!

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 ensure that your rights are protected and that someone is looking out for your best interest. 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 Will Stop Utility Disconnection in Ohio

Filing bankruptcy will stop a utility disconnection by Federal law.  Filing a Chapter 7 or Chapter 13 bankruptcy will eliminate the debt owed from a utility bill along with most of your other debts.  After a utility bill gets so high, the utility company will send you a notice to shut off your utilities.  This can create a disaster not having the ability to use a refrigerator, stove, hot water, and other major appliances.  In many situations, the money the utility company asks for you simply do not have.

Can Filing Bankruptcy Get My Utilities Turned Back On?

Filing a Chapter 7 or Chapter 13 bankruptcy will get your utilities turned back on if they have already been turned off.  After filing bankruptcy, your attorney will send what is called an “autostay” to get your utilities turned back on.  The autostay pretty much says that there has been a bankruptcy filed and that the utilities must be turned back on according to Federal law.

How Do I Stop a Utility Disconnection?

There are only a few ways you can stop a utility disconnection or utility shut-off.  The first way is to pay the amount requested.  There should be a total amount owed and an amount that the utility company will accept to prevent the utility shut-off.  If you don’t have the amount of money requested by the utility company to prevent the utility shut-off, filing bankruptcy may be the best option for you.  Filing bankruptcy will stop the utility shut-off and will also eliminate most of your other debts or bills.  There are also programs out there that can be of help such as the Percentage of Income Payment Plan Plus (PIPP Plus) program for those who are in poverty.  Some of the most common utility companies in Ohio are AEP, Columbia Gas, and City of Columbus Power & Water.

What Other Ways Can Bankruptcy Help?

There are many ways bankruptcy can help out financially.  Filing bankruptcy will discharge or eliminate most of your debts including credit cards, medical bills, personal loans, utility bills, items sent to third-party collections, evictions, reinstatement fees, repossessed vehicles, foreclosed homes, reinstatement fees, and attorney fees.  Filing bankruptcy will automatically stop a utility disconnection, wage garnishment, foreclosure, sheriff sale, and vehicle repossession by Federal law.  You can even get your driver’s license back from suspension by eliminating reinstatement fees and debt owed from a lawsuit.

The Friendly Law Office of M. Sean Cydrus Can Help!

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 ensure that your rights are protected and that someone is looking out for your best interest. 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 in Ohio to Eliminate Medical Bills

You cannot put a price tag on life. The sad reality is that after taking the necessary treatments to survive cancer, a heart attack, or other major health problems, it is common that one may be left with an accumulation of medical debt that would be nearly impossible to pay back in one’s lifetime. It seems as if it takes no time at all before medical bills get sent to third-party collections and creditors are harassing you over the phone.  Filing a Chapter 7 or Chapter 13 bankruptcy will allow you to get a fresh start and can eliminate most of your debts including medical bills.

How Can Bankruptcy Help if My Wages are Getting Garnished?

Filing bankruptcy will automatically stop a wage garnishment.  As soon as you file your bankruptcy petition, you will receive protection under the Federal government that ceases or stops all creditor collection efforts against you.  As soon as your attorney files the bankruptcy, the legal documentation will be sent to the necessary parties stating that the wage garnishment must be stopped immediately under Federal law.

How Does Filing Bankruptcy Affect My Credit?

In most situations, filing bankruptcy will actually help your credit.  The majority of Americans that file bankruptcy file because they are not able to get financed or they are faced with a difficult financial situation. As soon as your bankruptcy is complete, you should be able to buy a car and get a line of credit.  The only downfall is that the interest rates may be a little high, but nothing that you cannot improve over time.  The reason that the creditors are so lenient after a bankruptcy is filed is because you are debt free and not going to be a liability to lend to.  The other reason is because you can only file a Chapter 7 bankruptcy once every 8 years so the creditor knows that if you default on a payment they can file a lawsuit against you and collect the money owed from a wage garnishment or attaching liens to property.  The three most common credit reports used are Experian, Equifax, and TransUnion.

How Do I Qualify for Bankruptcy?

There are many factors that determine your eligibility to file bankruptcy.  Some of the factors that determine your eligibility to file bankruptcy are income, total debt, equity in assets, and prior filings.  An experienced Columbus Ohio Bankruptcy Attorney will be able to determine your eligibility to file a bankruptcy and can determine every legal option available to you under the applicable law.

The Friendly Law Office of M. Sean Cydrus Can Help!

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 ensure that your rights are protected and that someone is looking out for your best interest. 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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Eliminating Credit Card Debt by Filing Chapter 7 Bankruptcy

You may be one of many Americans living in Ohio who are struggling financially because of credit card debt.  High interest rates from credit card companies can make paying off your total credit card debt nearly impossible.  Minimum payments seem to pay off nothing but interest and very little on the principal balance.  Times can become even more difficult when you are struggling to make minimum payments on your credit card debt.  If your total credit card debt is an amount that you cannot see yourself paying off or if you are struggling to make minimum payments, filing bankruptcy may be the best option for you.

Filing Chapter 7 bankruptcy will not only eliminate your credit card debt, but other debts such as medical bills, personal loans, utility bills, evictions, reinstatement fees, attorney fees,  repossessed vehicles, foreclosed homes, and items sent to third-party collections. The only debts you typically have to pay back when filing a Chapter 7 bankruptcy are student loans, taxes less than 3 years old, and domestic support.

What Other Ways Can Bankruptcy Help Financially?

  • Stops Wage Garnishment
  • Stops Foreclosure / Sheriff Sale on Home
  • Stops Vehicle Repossession
  • Stops Utility Disconnection
  • Get Driver’s License Back by Eliminating Reinstatement Fees
  • Prohibits Creditors From Beginning or Continuing a Lawsuit Against You
  • Stops Creditor Harassment

How Can Bankruptcy Help My Financial Situation?

An experienced bankruptcy attorney can tailor a bankruptcy around the unique needs and rhythms of your family.  There are many options that may be available to you under the applicable law by filing a Chapter 7 or Chapter 13 bankruptcy.  Scheduling a free consultation with an experienced bankruptcy attorney will give you an opportunity to see how bankruptcy can help with your unique situation and can explore other avenues that may be beneficial to you.

The Friendly Law Office of M. Sean Cydrus Can Help!

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 ensure that your rights are protected and that someone is looking out for your best interest. 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 a Strategic Bankruptcy in Ohio

There are many ways filing bankruptcy can help you with your financial situation.  You may be faced with a wage garnishment, foreclosure, sheriff sale, vehicle repossession, or utility disconnection.  You may have tried to work with the creditors and the creditors are unwilling to work with you.  When you have tried everything in your power to resolve the financial situation and things are not working out, you may have no other option than to file bankruptcy.  Filing bankruptcy will give you protection under the Federal government.  This means that the creditors will have to work with you according to the Federal bankruptcy laws.

Filing Bankruptcy to Save Your Home from Foreclosure

Filing bankruptcy can help you save your home from foreclosure.  You probably have tried to work with the banks and the banks are simply not willing to work with you.  Loan modifications are often denied and calls to banks often go unreturned.  Filing Chapter 13 bankruptcy can help you get current on your mortgage payments so that you can save your home.  Filing Chapter 7 bankruptcy is a legal avenue available to walk away from the house free and clear.

Filing Bankruptcy to Resolve Lawsuit and Stop Wage Garnishment

Getting served legal documentation in the mail can make you sick to your stomach.  Times can become even more difficult when there is a judgment rendered against you and your wages are being garnished 25%.  Filing bankruptcy will stop the wage garnishment immediately by Federal law.  Once a bankruptcy is filed there is an “automatic stay” set in place.  The automatic stay will cease or stop all creditor collection efforts against you including stopping a wage garnishment.

Filing Bankruptcy to Get Vehicle Back From Repossession

If your vehicle has been repossessed, there is a short window of time to act upon before the vehicle is sold at auction.  If the vehicle has been repossessed and you want to keep the vehicle, you must act fast.  If you don’t have the amount of money the bank is asking for to get the vehicle back, Chapter 13 bankruptcy may be the best option for you.  Filing Chapter 13 bankruptcy will help you cure the arrearages on your vehicle payments to get the payments current and the vehicle back in your possession. Filing Chapter 13 bankruptcy can also allow you to pay pennies on the dollar on your other debts such as credit cards, medical bills, personal loans, and bills sent to third-party collections.

Getting a Fresh Start by Filing Chapter 7 Bankruptcy in Ohio

Filing Chapter 7 bankruptcy is what most people envision of when they think about bankruptcy.  Most of your debts are eliminated right from the start.  The only bills you typically have to pay back are student loans, taxes that are less than 3 years old, and domestic support such as child support.  Filing Chapter 7 bankruptcy doesn’t mean that you will lose your home or car.  There are Ohio exemptions that allow you to keep those assets.  When filing Chapter 7 bankruptcy, you want to be current on your payments with anything you want to keep.

Speaking With an Experienced Bankruptcy Attorney

Speaking with an experienced bankruptcy attorney would be a good idea to see what all legal avenues are available to you under the applicable law to resolve your financial situation.  Taking time for a free consultation can benefit you tremendously.  Finding out what legal options are available to you can help you craft a plan to take the necessary steps to resolve your financial problems.

The Law Office of M. Sean Cydrus Can Help!

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 ensure that your rights are protected and that someone is looking out for your best interest. 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 and Keeping the House

Filing bankruptcy doesn’t mean that you will lose your home. There are Ohio exemptions that are used to protect your assets when filing bankruptcy. Many Americans file bankruptcy each day to save their home from foreclosure.  Times can be difficult when you are unemployed or underemployed.  Calls to banks often go unreturned and creditors are usually unwilling to work with you. If your home is scheduled for sheriff sale, you must take action immediately before it is too late. If nothing is done before the sheriff sale date, your home will be lost.

I Am Behind in My Mortgage Payments and I Want to Keep My House

There are a few ways to save your home if you are behind in your mortgage payments.

  • Filing Chapter 13 bankruptcy
  • Loan Modification Through the Bank
  • Pay the past due balance on your mortgage

Chances are you don’t have the funds available to pay the past due balance on your mortgage.  If you did, you would be current on your mortgage.  Loan modifications are often denied and the application process can be lengthy.   Many times when a sheriff sale is scheduled the homeowner is still waiting for a response for a loan modification.

Filing Chapter 13 Bankruptcy to Stop Foreclosure

Filing Chapter 13 bankruptcy would be beneficial if you are behind in your mortgage payments and you would like to find a solution to keep your home. Filing Chapter 13 bankruptcy will stop the foreclosure and a sheriff sale. Filing Chapter 13 bankruptcy would allow you to get current on your mortgage payments by being able to make payments on the arrears over a period of time compared to trying to come up with a lump sum of money you simply cannot afford.

Other Ways Chapter 13 Bankruptcy Can Help

There are many ways filing Chapter 13 bankruptcy can help you with your financial situation.  Filing Chapter 13 bankruptcy will not only stop a foreclosure, but will also stop a wage garnishment, vehicle repossession, and utility disconnection.  You can even get your driver’s license back from suspension by discharging reinstatement fees or money owed from a lawsuit.  Scheduling a free consultation with an experienced Columbus Ohio Bankruptcy Attorney would give you an opportunity to speak with a legal professional that can evaluate your unique situation and lay out every legal option available to you under the applicable law.

Debts Eliminated in Bankruptcy

  • Credit Cards
  • Medical Bills
  • Personal Loans
  • Utility Bills
  • Items Sent to Third-Party Collections
  • Debt Owed From a Foreclosed Home
  • Debt Owed From a Repossessed Vehicle
  • Evictions
  • Reinstatement Fees
  • Attorney Fees

The Law Office of M. Sean Cydrus Can Help!

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 ensure that your rights are protected and that someone is looking out for your best interest. 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!