Ohio Debt Relief Attorneys
When clients come to us for bankruptcy help, we take the time to discuss all of their options first. Bankruptcy may work for you, but there may be another solution as well. We give you the information you need to make an informed decision about your future.
At Colella & Weir, P.L.L., our lawyers have decades of experience helping people who are struggling with debt. We understand that this is a difficult situation and we know how to help you find the right solution. For a free consultation with a Lorain Chapter 7 bankruptcy attorney, please call 440-387-4038 or contact us online. We offer flat fees for individuals and fixed fees for small businesses.
You Can Make a Fresh Start Today
One of the benefits of bankruptcy is the automatic stay. This action puts a stop to all collection activities during the bankruptcy process. The automatic stay will end creditor calls and prevent creditors from wage garnishment, filing and foreclosing on liens, and seizing collateral or property.
Under Chapter 7 bankruptcy, many of your debts can be discharged, which means you will not have to repay them. Credit card debt, unsecured loans and medical bills are examples of dischargeable debt.
Certain debts and obligations, including spousal and child support, student loans, taxes and wrongful death or injury judgments, are not dischargeable. Bankruptcy will not eliminate these debts for you.
If you have secured debt, such as a mortgage or a vehicle loan, your house or car may be liquidated and the lien holders will receive the money from the sale. It may be possible to reaffirm your agreements (loans) with the lenders, if you are able to continue making payments, and keep your house and car.
You may be eligible for Chapter 7 bankruptcy if your income is below the median income in Ohio for a household of your size. If your income exceeds the median, you may be able to file Chapter 13 instead. We will thoroughly discuss all of your options. To make an appointment, please call 440-387-4038 today.
