Bankruptcy is a right that is afforded to every American through the United States Constitution. However, there are many myths out there surrounding bankruptcy. If you are considering bankruptcy, it is important that you are equipped with information that can help you make a positive decision about your financial future.
At Graham & Associates Law Offices, LLC, we provide bankruptcy representation to clients throughout Ohio. For more information about bankruptcy filing in Ohio, please contact us online.
After bankruptcy, you will have little debt, if any, and you may be a better candidate to obtain credit from potential future lenders because you will be able to afford the payments on your new debts. Many of our clients find that they can rebuild their credit scores within one to two years after filing.
Bankruptcy law changes in recent years made filing bankruptcy more complicated, but not at all impossible. Almost all of the relief formerly available through bankruptcy survives in today's Bankruptcy Code. Graham & Associates makes it a priority and invests a great deal of time and effort to keep up on all the law changes and court rulings that affect our clients.
This is absolutely not true. Many of our Chapter 7 and 13 clients have employment. If your household makes less than the Ohio median average, you may qualify for Chapter 7, regardless of the source of income. Even if you have a job where you earn an above average income, you may still qualify for some type of bankruptcy or other debt relief.
Most people can qualify for mortgages after a bankruptcy filing, often within two years of their bankruptcy discharges. Virtually all of our past clients have had little or no trouble renting immediately after their bankruptcy filings.
Almost all unsecured debts such as credit cards, personal loans and medical bills are dischargeable in bankruptcy.
People in Chapter 13 often borrow money and/or refinance homes during and after their cases. People who've filed Chapter 7 often get credit cards, car loans or other credit offers shortly after their cases are discharged.
There are laws called exemptions in bankruptcy that provide for assets that you can keep during and after bankruptcy. In fact, the majority of bankruptcy cases are "no asset" cases in which the debtor keeps everything he or she owns.
Bankruptcy law does not set any minimum amount of debt necessary to file. If the debt appears to be beyond your ability to pay, you can elect to file bankruptcy if it represents a smart choice for your personal and financial situation.
The only way to determine if bankruptcy is right for you is to consult with an experienced bankruptcy attorney. Our firm's focus is bankruptcy law. Call us toll free at 866-529-9010 or contact us online to arrange a free, fast and friendly evaluation. Weekend and evening hours are available by appointment. Payment plans are always available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.