Filing Bankruptcy Will Stop Lawsuit in Ohio

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.  In Ohio, your wages can become garnished up to 25% of each paycheck. 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. If a judgment is rendered against you from a lawsuit the creditor can garnish wages, seize funds out of bank accounts, and attach liens to property. It is very important that once you are served paperwork from a lawsuit that you take immediate action before your money is taken from you.

Filing bankruptcy will stop a wage garnishment, foreclosure, sheriff sale, vehicle repossession, and utility disconnection by Federal law. You can even get your driver’s license back from suspension.  There are many debts that are discharged by filing bankruptcy. 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. There are only a few things you typically have to pay back after the bankruptcy is discharged. Those items include student loans, back taxes, and domestic support. Filing bankruptcy can help you protect your assets while getting a fresh start on your bills.

An experienced Columbus Ohio Bankruptcy Attorney will be able to assist you with crafting a plan to tailor a bankruptcy around the unique needs and rhythms of your family. 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!