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Bankruptcy Options With House in Foreclosure in Ohio

Getting served legal paperwork stating that your home is going into foreclosure or scheduled for sheriff sale can be a freighting prospect. You may be behind in your mortgage payments because of unemployment, underemployment, or added unexpected expenses. Many times calls to banks go unreturned and loan modifications are often denied. Bankruptcy is an option available under the Federal government. Bankruptcy will give you a legal avenue to get current on your mortgage payments if you would like to keep your home or a solution to walk away free and clear if keeping the home is not an option you would like to explore.

My House is in Foreclosure and I Want to Keep my Home

Filing Chapter 13 bankruptcy would be ideal if you are behind in your mortgage payments and you would like to keep your home.  Filing Chapter 13 bankruptcy will cure the arrearages and help you get current on your mortgage payments.  Filing Chapter 13 bankruptcy will stop the foreclosure by Federal law and will eliminate most of your other debts such as credit cards, medical bills, personal loans, repossessed vehicles, and bills sent to third party collections.  Federal bankruptcy laws are set in place to help you when creditors won’t.  Chapter 13 bankruptcy will help put your home back in your hands with a payment you can afford backed by the Federal government.

My House is in Foreclosure and I Don’t Want to Keep the House

Filing Chapter 7 bankruptcy would be a good idea if keeping the house is not an option you would like to explore.  Sometimes it is best to file a Chapter 7 bankruptcy to eliminate the debt owed from a foreclosed property along with other debts such as credit cards, medical bills, utility bills, personal loans, and items sent to third-party collections.  Filing Chapter 7 bankruptcy would be a good option to explore if your property is worth less than what you owe on the loan or if the property needs an amount of work that you simply do not have the funds for.  If your property becomes more of a money pit than an investment, filing Chapter 7 bankruptcy may be the best option for you.

My House is scheduled for Sheriff Sale, What Can I Do?

If your home is scheduled for sheriff sale, it is important to take action immediately.  If nothing is done before the sheriff sale date, your home will be lost and chances are you will be stuck with a bill that you will never be able to pay off.  The bill you will get stuck with is called a mortgage loan deficiency judgment.  Chances are you have probably tried to work with the mortgage company, but they were unwilling to work with you.  Calls to banks often go unreturned and loan modifications are often denied.  Filing bankruptcy will stop the foreclosure by Federal law and will take your home off of the sheriff sale listing.  Filing bankruptcy would give you protection under the Federal government creating legal avenues that can help if you would like to keep your home or a solution to walk away free and clear if keeping the home is not an option you would like to explore.

An Experienced Columbus Ohio Bankruptcy Attorney Can Help You With Foreclosure!

If you are facing foreclosure, there is no time to lose.  Scheduling a free consultation with an experienced Columbus Ohio Bankruptcy Attorney will allow you to make educated decisions about bankruptcy as a tactic to avoid or postpone losing your home to foreclosure.  Legal counsel will ensure that your rights are protected and can take immediate action when time is of the essence.  Call today to schedule a free consultation with an experienced Columbus Ohio Bankruptcy Attorney that can help.  Help is one phone call away!

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 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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Received Notice of Court Proceeding to Collect Debt in Franklin County Ohio

If you have received a Notice of Court Proceeding to Collect Debt in Franklin County, Ohio it is a matter of time before your wages become garnishment.  Usually when you receive this notice, there has been a lawsuit filed against you and a judgment was rendered in favor of the other party.  Once the judgment is rendered, you have to pay the debt.  If you don’t pay the debt they can garnish your wages up to 25%, seize funds out of your bank accounts, or attach liens to your property.

Can I Avoid the Garnishment Within the 15 Day Period?

Yes, you can avoid the garnishment within the 15 day period.  If you don’t have enough money to stop the garnishment, you may want to file bankruptcy.  Filing bankruptcy will stop a lawsuit from beginning or continuing.  What you would do is file bankruptcy on the debt you were sued over and essentially they cannot collect on a debt that is eliminated in a bankruptcy.

What Happens if I Get My Wages Garnished?

Your wages can get garnished up to 25% in Ohio.  The wage garnishment is automatically withdrawn out of your payroll and the money is taken before your paycheck is issued or deposited in your bank account.  The wage garnishment will continue until the full amount of the judgment is paid.

Will Filing Bankruptcy Stop a Wage Garnishment?

Yes, filing bankruptcy will stop a wage garnishment.  As soon as your bankruptcy petition is filed, legal documentation will be sent to your employer and other necessary parties giving them notice that a bankruptcy has been filed and that the wage garnishment must be stopped immediately by Federal law. Filing bankruptcy will stop a wage garnishment by Federal law and will also stop a foreclosure, sheriff sale, and utility disconnection.

What Debts Can I Eliminate by Filing Bankruptcy in Ohio?

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

Schedule a Free Consultation Today With an Experienced Bankruptcy Attorney

Scheduling a free consultation with an experienced bankruptcy attorney would be a good idea to see what all legal avenues are available to you under the applicable law.  Speaking with a legal professional will give you an opportunity to assess your financial situation and to see what the best course of action should be.  Legal counsel will be able to take action immediately when time is of the essence and address any legal issues that there may be.  Schedule a free consultation today.  We can help!

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 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 is Bankruptcy? Details About Bankruptcy in Ohio

Bankruptcy is an option available through the Federal government that will allow you to eliminate most of your debts.  You may consider filing bankruptcy if are struggling to make minimum payments or if you have an overwhelming amount of debt that would be nearly impossible to pay off.  You may also consider filing bankruptcy if you a threatened with a lawsuit, wage garnishment, foreclosure, sheriff sale, vehicle repossession, or utility disconnection.  It is important to take action immediately if you are served legal documents from a court or an attorney’s office.  When it comes to the law, there is a certain threshold of time you must act upon to use your rights to the fullest.

What Debts Can I Eliminate By Filing Bankruptcy?

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

Ways Filing Bankruptcy Can Help With Financial Problems

  • Stop a Lawsuit From Beginning or Continuing
  • Stop a Wage Garnishment
  • Stop a Foreclosure / Sheriff Sale
  • Stop a Vehicle Repossession
  • 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

Types of Bankruptcy

  • Chapter 7
  • Chapter 13
  • Individual Bankruptcy Filing (Filing Bankruptcy By Yourself)
  • Joint Bankruptcy Filing (Filing Bankruptcy With Your Spouse)

Difference Between Chapter 7 & Chapter 13 Bankruptcy

Chapter 7 bankruptcy is what most people envision of when they think about bankruptcy.  Chapter 7 bankruptcy is where most of your debts are eliminated instantly.  Chapter 13 bankruptcy is what most people envision of as a debt consolidation through the Federal government where you may pay pennies on the dollar on your total debt owed with a payment you can afford. Both bankruptcy options have their own unique advantages.  Scheduling a free consultation with an experienced Columbus Ohio Bankruptcy Attorney would be a good idea to see how both Chapter 7 and Chapter 13 bankruptcies can help with your financial situation.

How Do I Know If Bankruptcy Is Best For Me?

We invite you to contact us for a free bankruptcy consultation to explore your options with bankruptcy.  We don’t only determine your eligibility to file bankruptcy, but also explore other legal avenues that may be available to you.  At the free consultation we conduct a full synopsis of your situation, see what legal avenues are available, and let you make the decision from there.  Help is one phone call away!

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 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 for Fresh Start for New Year in Ohio

The holiday season can become overwhelming with the added expenses from Thanksgiving, Christmas, and New Year’s.  The holidays can become even more overwhelming if you are struggling to make minimum payments on your debts and cannot find a solution to pay for the added expenses. Many Americans living in Ohio are filing bankruptcy to get a fresh start for the New Year.

There is nothing more frustrating than working hard every day and having little to no money left over at the end of the month.  Even when making minimum payments on your debts, high interest rates can add to the total debt owed.  When you don’t have enough money at the end of the month to pay on all your debts or the total debt is an amount you cannot see yourself being able to pay back with your income, you may want to file bankruptcy.

What Debts Can I Eliminate by Filing Bankruptcy?

Filing bankruptcy will give you a fresh start on your bills.  The debts you can eliminate in bankruptcy are credit cards, medical bills, personal loans, evictions, attorney fees, repossessed vehicles, foreclosed properties, reinstatement fees, and items sent to third-party collections.

What Other Benefits Does Bankruptcy Offer?

Filing bankruptcy will also stop or cease all creditor collection efforts against you.  Filing bankruptcy will stop a lawsuit from beginning or continuing.  Filing bankruptcy will automatically stop a foreclosure, sheriff sale, vehicle repossession, and utility disconnection.  You can even get your driver’s license back from suspension.

Filing Bankruptcy Will Give You Protection Under the Federal Government

There are many ways bankruptcy can help out with your financial situation.  Filing bankruptcy will give you protection under the Federal government.  When creditors are not willing to work with you, there are laws made that give you rights that you can act upon.  Scheduling a free consultation with an experienced Columbus Ohio Bankruptcy Attorney would be a good idea to see what all legal avenues are available to you under the applicable law.

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 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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Happy Thanksgiving From The Law Office of M. Sean Cydrus

The Law Office of M. Sean Cydrus would like to wish everyone a happy and safe Thanksgiving. We hope that your day is filled with happiness and love. We would also like to give thanks to all our current and past clients.

If you are struggling financially and need to find a way to better your financial situation, we can help. We invite you to contact us for a free consultation. 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 Bankruptcy Can Help Your Credit in Ohio

There are many myths about filing bankruptcy.  Sometimes bankruptcy gets a bad reputation.  There is a lot of bad information going around and there were many changes to the bankruptcy laws in 2005.  It is important to speak with an attorney when getting legal advice.  An experienced bankruptcy attorney can help you file your bankruptcy and give you advice as to how to improve or rebuild your credit.

How Do Past Due Balances Affect My Credit?

When you don’t have enough income to pay off all of your debts and creditors are harassing you daily, filing bankruptcy may be the best option for you.  Not paying the bill and having the debt get sent over to third-party collections will only negatively affect your credit.  Overtime, eventually someone will file a lawsuit against you.  Each time a bill gets sent to third-party collections, that negatively affects your credit.  The more collection accounts you have on your credit report, the lower your credit score.  When someone files a lawsuit against you and a judgment is rendered the creditor can garnish your wages, seize funds out of your bank accounts, and attach liens to your property.  It is important to take immediate action once you receive notice of a lawsuit or a threatening letter from a creditor’s rights law firm.

How Can Bankruptcy Help Me Get Financed? 

There are many Americans living in Ohio filing bankruptcy because they cannot get financed because of their credit.  When you are unable to obtain a line of credit because of your credit score, everyday living can get even more difficult.  When your vehicle is broken down and you cannot get financed, this can become a disaster creating the inability to get to work and take care of everyday business.  Times can become even worse if you a threatened with an eviction or foreclosure and have no way to draw funds from.  Filing bankruptcy will eliminate most of your debts and give you a fresh start.

After your bankruptcy is completed, you shouldn’t have a problem getting financed.  There are two reasons for this.  1) You don’t have any debt anymore so you are not going to be a liability for the creditor to lend to.  They know that if most of your debt is eliminated, you should have money left over at the end of the month to pay them.  2) You can only file a Chapter 7 bankruptcy once every 8 years.  The creditor knows that if you don’t pay them, you can’t file bankruptcy for a while so they can file a lawsuit against you to get the money through a wage garnishment, seizing funds out of your bank accounts, or attaching liens to your property.

How Do I Know if I Should File Bankruptcy?

If you are thinking about filing bankruptcy, you should speak with an experienced Bankruptcy Attorney.  Legal counsel will be able to determine your eligibility to file bankruptcy and can explore alternative avenues that may be available to you.  The Law Office of M. Sean Cydrus offers a free consultation.  We never hesitate to take immediate action when time is of the essence. Call today for a free consultation.  Help is one phone call away!

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 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 Stop a Wage Garnishment in Columbus Ohio

Getting your wages garnished 25% can make everyday living even more difficult.  Losing 1/4 of your normal income can make it next to impossible to pay for basic living expenses.  It is important to take immediate action once you receive notice for a lawsuit or wage garnishment.  There is a short 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 the necessary legal action.

What is a Wage Garnishment?

A wage garnishment is an automatic withdraw of money from your payroll to pay off a debt owed from a lawsuit that was filed against you.  As soon as a judgment is rendered against you, the creditor can garnish your wages by law. The creditor can garnish your wages up to 25% in Ohio.

The wage garnishment is sent to your employer and comes directly out of your payroll. This means the money is already taken out of your pay before your pay check is issued or direct deposited into your bank account.  Filing bankruptcy will automatically stop a lawsuit or wage garnishment.

How Do Your Wages Become Garnished?

What usually happens is a creditor files a lawsuit against you in order to get paid on a past due balance that you owe them.  They not only sue you for the past due balance, but they add in interest and late fees.  By filing a lawsuit and getting a judgment rendered against you they can garnish wages, seize funds out of your bank accounts, and attach liens to property.  This is legal once there is a judgment rendered against you from a lawsuit.  It is important to take immediate action once you receive notice of a lawsuit so that this does not happen.

How Do I know if a Lawsuit is Filed Against Me?

You will know that a lawsuit is filed against you when you receive notice from the court.  You will usually receive notice through mail or personal service.  A Complaint is the initial pleading of a plaintiff in a civil action that identifies the court’s jurisdiction, the alleged facts of the case, and relief sought. In short, the Complaint is served when there is a lawsuit filed against you stating why you are being sued and what relief is requested.  The Summons is a document that comes from the court along with a copy of the Complaint. The Summons lists the names and addresses of the court, the parties, and it includes the date that the defendant must respond to the Complaint.

What Happens if I do Not Respond to The Complaint?

If you do not respond to the Complaint, a Default Judgment will be rendered against you.  A Default Judgment occurs when you do not file an Answer with the court in the required amount of time after a lawsuit is filed against you.  Not responding to the Summons and Complaint will give the plaintiff exactly what they asked for and the allegations that they alleged against you will be deemed true.

What Can I Do to Stop a Wage Garnishment?

1)      Pay the Debt

2)      File Chapter 7 or Chapter 13 bankruptcy

Filing Bankruptcy Will Stop the Wage Garnishment

Filing bankruptcy will stop or cease all creditor collection efforts against you.  Filing bankruptcy will stop a lawsuit from beginning or continuing.  Filing a Chapter 7 or Chapter 13 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.  Most of your debts are eliminated when you file bankruptcy.  The debts that you can eliminate when you file bankruptcy are credit cards, personal loans, medical bills, utilities, items sent to third-party collections, debt owed from a foreclosed home, debt owed from repossessed vehicles, evictions, reinstatement fees, and attorney fees.

Contacting an Attorney to File Bankruptcy or to Resolve Lawsuit

It is very important that you speak with an attorney when getting legal advice.  An attorney will be able to conduct a full synopsis of your situation and see what all legal avenues are available to you.  Scheduling a free consultation with The Law Office of M. Sean Cydrus will give you an opportunity to speak with a legal professional that can help.  Legal counsel will ensure that your rights are protected and can take legal action when time is of the essence.

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 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!