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Get Rid of Most of Your Debt When Filing Bankruptcy in Ohio

You may be one of many Americans living in Ohio thinking about filing bankruptcy.  Filing bankruptcy can help if you are struggling to make minimum payments on your bills or have an abundant amount of debt that you know you won’t be able to pay off in a reasonable amount of time.  Filing bankruptcy can also help with a lawsuit, wage garnishment, foreclosure, sheriff sale, vehicle repossession, utility disconnection, and getting driver’s license reinstated because of a suspension.  Filing a Chapter 7 or Chapter 13 bankruptcy in Ohio will eliminate most of your debts and can help rebuild credit to help with financing options.  Many Americans living in Ohio file bankruptcy so they can get financed for a vehicle, get approved for an apartment, or so that they can open a checking account.  There are many ways bankruptcy can help.  An experienced Columbus Ohio Bankruptcy Attorney will be able to conduct of full synopsis of your financial situation and can tailor a bankruptcy around the unique wants and needs of you and your family.  Call 614-934-1544 to schedule a free bankruptcy consultation with an experienced bankruptcy attorney that cares about you that can help.  The Law Office of M. Sean Cydrus understands the stress of financial worry and is here to help you through this difficult time.  Help is just one call away! 614-934-1544

What Debts Can I Eliminate When Filing Bankruptcy in Ohio?

The following is a list of debts that you CAN ELIMINATE 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 Debts are Not Eliminated in Bankruptcy?

The following is a list of debts that you CAN’T ELIMINATE when filing a Chapter 7 or Chapter 13 bankruptcy is Ohio:

  • Student Loans
  • Domestic Support (child & spousal support)
  • Court Tickets (speeding ticket, DUI, disorderly conduct, ect.)

Can I Keep my Car and House After I File My Bankruptcy?

YES, you CAN file a Chapter 7 or Chapter 13 bankruptcy in Ohio and still keep your house and car.  There are Ohio exemptions that will protect your assets such as a house and car and at the same time will eliminate most of your debts.  When you file bankruptcy, you can pick and choose what you want to keep or give up.  You have the option to walk away from a mortgage or vehicle loan or to maintain payments. Filing bankruptcy can help if you are behind in a mortgage or vehicle loan. Filing bankruptcy will stop a foreclosure, vehicle repossession, and sheriff sale by Federal law.  For more information about how bankruptcy can help or to schedule a free consultation call 614-934-1544.  Help is just one phone call away! 614-934-1544

What Happens to My Credit After Filing Bankruptcy?

Your credit is like the scales of justice.  On one side you have the bills or debts you are paying on.  On the other side are defaulted debts or bills that are paid late.  Whatever side is heavier, that is the direction your credit goes month after month.  Filing bankruptcy is like hitting the reset button.   Since after bankruptcy you will be debt free that means that anything you make payments on will bring up your credit score.  After bankruptcy your debt-to-income ratio will be better since you are debt free.  This helps tremendously because it shows the lender that you can afford the payments on whatever it is you are trying to get financed for rather it is a house or vehicle.  Most people who file bankruptcy in Ohio their credit score will increase by an average of 125 points after the bankruptcy simply just from eliminating the negative accounts shown on the Experian, Equifax, and TransUnion credit reports.  For more information or to schedule a free bankruptcy consultation call 614-934-1544.  The Law Office of M. Sean Cydrus understands the stress of financial worry and uses a personal approach to solving your financial challenges.  Through compassion and understanding we ensure that your rights are protected and never hesitate to take immediate action when time is of the essence.  Help is just one phone call away! 614-934-1544

What Benefits Does Chapter 7 and Chapter 13 Bankruptcy Offer?

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

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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