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Eliminating a Second Mortgage When Filing Bankruptcy in Ohio

There are many debts that you can be eliminated by filing a Chapter 7 or Chapter 13 bankruptcy in Ohio.  One of the debts that you can be eliminated in a bankruptcy filing is a second mortgage or a home equity line of credit.  In order to eliminate the second mortgage or home equity line of credit the first mortgage must be more than the fair market value of the house.  Essentially, if you are upside-down or underwater in your first mortgage then the second mortgage or line of credit will be eliminated through a Chapter 7 or Chapter 13 bankruptcy filing.  If you are struggling to make your mortgage(s) payments or threatened with a foreclosure or sheriff sale, bankruptcy may be the best option for you.  For more information as to how bankruptcy can help you and your family call 614-934-1544 to schedule a free consultation with an experienced bankruptcy attorney that cares about you that can help.  What you can expect from a free bankruptcy consultation with The Law Office of M. Sean Cydrus is compassion, understanding, and solid legal advice.  Help is just one phone call away! 614-934-1544

I Received a Complaint for Foreclosure in Franklin County Ohio.  How Can Filing Bankruptcy Help With a Foreclosure in Ohio?

You probably have tried working with the bank, but the bank wasn’t willing to work with you. Many times the bank will demand the whole balance in one lump sum and won’t settle for payments. This creates a problem because if you had the money you wouldn’t be behind in the first place. Filing Chapter 13 bankruptcy can help if you are behind in your mortgage payments and you would like to keep your home. Filing a Chapter 13 bankruptcy will cure the arrearages and can help you get current on your mortgage payments. Filing Chapter 13 bankruptcy will stop a foreclosure and sheriff sale by Federal law. Filing Chapter 13 bankruptcy will also eliminate most of your other debts such as credit cards, medical bills, personal loans, utility bills, and items sent to third-party collections. Federal bankruptcy laws are set in place to help you when creditors won’t. Call today to schedule a free consultation to learn more about how bankruptcy can help with a foreclosure or sheriff sale. Help is just one phone call away! 614-934-1544

I Received a Notice of Sheriff Sale to Auction My Property.  How Can Filing Bankruptcy Help With a Sheriff Sale in Ohio?

If your house 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 there won’t be anything else you can do. Filing bankruptcy will stop the foreclosure by Federal law and will take your home off of the sheriff sale listing. If your house is scheduled for sheriff sale and you are actively looking for a solution, we invite you to contact us for a free consultation to explore your options. Help is just one phone call away! 614-934-1544

Benefits That Come Along With Filing a Chapter 7 or Chapter 13 Bankruptcy in Ohio 

The following is a list of benefits received from filing a Chapter 7 or Chapter 13 Bankruptcy in Ohio:

  • Get a Fresh Start by Eliminating Most Debts Owed
  • Cease or Stop All Creditor Collection Efforts Against You
  • Stop a Lawsuit From Beginning or Continuing
  • Stop a Wage Garnishment
  • Stop a Foreclosure / Sheriff Sale
  • Stop a Vehicle Repossession
  • Get a Vehicle Back From Repossession
  • Lower Interest Rate for Vehicle Loan
  • Lower Total Balance on Vehicle Loan to Fair Market Value
  • Stop a Utility Disconnection
  • Get Driver’s License Back From Suspension
  • Restore and Rebuild Credit
  • Help Get Financed For a Vehicle
  • Help Get Approved for an Apartment
  • Stall an Eviction

Debts Eliminated When Filing Bankruptcy in Ohio

The following is a list of debts that CAN BE ELIMINATED when filing a Chapter 7 or Chapter 13 bankruptcy in Ohio:

  • Credit Cards
  • Medical Bills
  • Personal Loans
  • Cash Advances or Payday Loans
  • Personal Loans
  • Overdraft Checking Accounts
  • Utility Bills
  • Bills Sent to Collection Companies
  • Debt Owed From a Foreclosed Home
  • Second Mortgage or Home Equity Line of Credit
  • Debt Owed From Repossessed Vehicles
  • Evictions
  • Attorney Fees
  • Reinstatement Fees
  • Some Tax Debt

What You Can Expect From a Free Consultation with The Law Office of M. Sean Cydrus

What you can expect from a free bankruptcy consultation with The Law Office of M. Sean Cydrus is compassion, understanding, and solid legal advice.  Scheduling a free bankruptcy consultation is a great idea to see what your options are rather it be bankruptcy or other avenues. At the consultation you will find out if bankruptcy is right for you and also see how your unique situation relates to both Chapter 7 and Chapter 13 bankruptcies.  Both types of bankruptcy have their own added benefits.  There will be an evaluation or full synopsis of your situation to determine your eligibility to file bankruptcy and a determination as to what course of action would be in your best interest in order to reach the optimum results possible.  The Law Office of M. Sean Cydrus cares about you and never hesitates to take immediate action when time is of the essence.  If you need help filing bankruptcy or just need some guidance as to how to better your financial situation we invite you to contact us for a free consultation. 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.  Call 614-934-1544 to schedule a free bankruptcy consultation with an experienced bankruptcy attorney that cares about you that can help. Help is just one phone call away! 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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