A Relief During Times of Financial Stress
It is one of the scariest and most frightening times in your life – facing financial crisis. Through job loss, medical bills, the downturn in the economy, more and more people are facing economic hardship. Are you wondering how to pay your bills? Worried about possibly losing your home? Afraid to answer the phone because of collection calls? Let our experienced Bankruptcy Attorney Toledo Ohio help. We can do a complete review of your debt situation and provide you with experienced representation in all areas of bankruptcy and debtor-creditor law. With over 60 years of experience in assisting our clients in all types of law, we can help you make the best informed decision for you and your family.
What are the Options Available to Consumers Under Bankruptcy Law?
There are two common procedures open to most consumer debtors: Chapter 7 and Chapter 13.
Chapter 7– Chapter 7 is known as a “standard” bankruptcy. It is designed to give relief to individuals whose debts are primarily consumer debts. It may require the surrender of certain property which exceed the limits allowed by state law. However, most property is exempt and most debtors will not lose anything.
Chapter 13 – Chapter 13 is known as a “wage earner’s reorganization.” It is designed for individuals with regular income who would like to pay all or part of their debts over a period of time. A Chapter 13 may be effective in stopping a foreclosure on a debtor’s home.
What Will a Bankruptcy Attorney Be Able to Do For You?
There are many steps that you must go through to file Bankruptcy. Experienced legal advice from a qualified from our Bankruptcy attorneys can make a difficult journey easier and with planning for your future economic health. These are the key areas we can assist you:
- Advise you on whether to file a bankruptcy petition.
- Advise you under which chapter to file.
- Advise you on whether your debts can be discharged.
- Advise you on whether or not you will be able to keep your home, car, or other property after you file.
- Advise you of the tax consequences of filing.
- Advise you on whether you should continue to pay creditors.
- Explain bankruptcy law and procedures to you.
- Help you complete and file forms.
- Assist you with most aspects of your bankruptcy case.
Gallon, Takacs & Boissoneault Can Help Relieve the Financial Stress
Call us at 419-843-6663 or contact us online to schedule a free consultation with one of our Bankruptcy Attorneys. We can help.