Personal Bankruptcy Lawyer in Columbus Ohio
Bankruptcy is a process that helps individuals and businesses who have encountered difficulties in paying their financial obligations and debts.
If you find yourself facing seemingly insurmountable debts with no way out, you don’t have to continue to feel trapped. Bankruptcy provides a way for you to start over and rebuild your credit and finances from a new beginning.
If you’re looking for a personal bankruptcy lawyer near me, Sheppard Law Offices has experienced bankruptcy lawyers in Columbus and more locations in Ohio. Schedule a free consultation to find out if you qualify for bankruptcy.
With Chapter 7 And Chapter 13, Our Attorneys Create A Fresh Start
If you went through any of these scenarios:
- You lost your job, and you weren’t able to find another job afterward;
- You have huge medical bills that weren’t covered by insurance or the government;
- You got divorced or separated from your partner;
- Your small business failed;
Then filing for bankruptcy might be one of your better options. People are generally ashamed of filing bankruptcy, but the system helps families stay together, and helps keep citizens out of homelessness. In short, filing for debt provides a chance for a new starting line and a more positive viewpoint in life.
Given these scenarios, one of the first things on your mind is probably what the bankruptcy process is like and how it can help relieve you of your debts.
This depends on whether you’re filing for Chapter 7 or Chapter 13 bankruptcy, which applies to different cases. Our Columbus Ohio bankruptcy attorney can help you determine which option is best for you, but here is a short primer.
What's the difference between Chapter 7 and Chapter 13 Bankruptcy?
For Chapter 7 bankruptcy, our attorneys will help to relieve you of unsecured debts, such as credit cards, medical debts, utility bills, certain types of personal loans, and more. In summary, a bankruptcy trustee gathers your nonexempt assets, and sells them. The proceeds of this sale will be used to pay your creditors.
This process will stop collection attempts on those debts immediately and give you relief from the threatening calls and letters. It’s a popular legal remedy by different consumers to stop the attachment of bank accounts, mitigate creditor harassment, and end lawsuits completely.
A person filing for debt in Ohio must first pass a test measuring their financial means. This would inform the lawyers if they are eligible for a Chapter 7 bankruptcy filing. Also, someone is not eligible for filing a Chapter 7 bankruptcy if, within the past eight years, a separate filing for bankruptcy was made.
On the other hand, Chapter 13 involves proposing a repayment plan to cover your debts. Citizens with a higher income than the median income for their county in the State of Ohio can opt to consider a Chapter 13 bankruptcy petition. For Chapter 13 filings, our Columbus Ohio bankruptcy attorney will also help you get relief from your debts, but in a slightly different way.
Is Chapter 7 Or Chapter 13 Better?
While Chapter 7 bankruptcy wipes your slate clean of unsecured debts so you can start fresh, Chapter 13 bankruptcy negotiates a repayment plan so you can settle your debts at a rate appropriate for your budget and income while often retaining your most important assets.
Chapter 7 is best for those who want immediate debt relief. While most prefer Chapter 7, Chapter 13 is for those who want to protect their assets from being sold.
Whether you fall under Chapter 7 or Chapter 13 would depend on many factors you can discuss with a personal bankruptcy lawyer near me. With office locations in Columbus, Newark, Mount Vernon, Ohio, Sheppard Law Offices can assist you in deciding which type of bankruptcy protection and relief is proper for you.
When Is It Time To Talk To A Personal Bankruptcy Lawyer Near Me?
During initial consultations, we routinely inform people of three primary ways to handle their debts.
- Deal with the creditors directly
- Consolidate unsecured debts through a debt consolidation company like Consumer Credit Counseling Services of Ohio (also known as Apprisen Financial)
- File for Chapter 7 or Chapter 13 bankruptcy
At Sheppard Law Offices, we can help with stopping foreclosures, wage garnishments, and other collection efforts. If you’ve tried to manage your debts by speaking with your creditors directly but haven’t had success, talk to our Columbus Ohio bankruptcy attorney and see what your rights are.
Remember that filing for bankruptcy not only gives you immediate relief but also teaches you how to make smart financial decisions to build a successful future, free of debt, for you and your family. Do not be afraid to acknowledge that you need to file for bankruptcy. Bankruptcy is a structure that gives citizens a financial safety net. No matter the reason, bankruptcy is tied to forgiveness and is an important part of our judiciary system.
If you’re unsure if hiring a personal bankruptcy attorney is the right option, that’s okay! We offer free consultations to help you better understand the rights and options that you have in your situation. If we don’t think bankruptcy is the best choice for you, we will give you that assessment because our job is to help you in whatever way we can.
We accept various options for payment, including debit and credit cards. However, please be aware that we are not permitted to accept credit card payments directly from bankruptcy clients. We are a debt relief agency. A personal bankruptcy lawyer from our firm can help people file for protection under the U.S. Bankruptcy Code.
Call Our Columbus Ohio Bankruptcy Attorney Now!
Don’t be intimidated. Bankruptcy law can be complicated, but it’s one of the best debt relief options available. Our Columbus Ohio bankruptcy attorney at Sheppard Law Offices will be invaluable to getting you back on the road to financial stability.
We focus on helping individuals, families, and small businesses with both bankruptcy and tax issues. You can trust our dedication and experience to protect your rights and interests, and to keep you informed of any and all changes regarding your legal case.
If you’re worried about your financial situation, you need legal advice from the best bankruptcy attorney in Columbus Ohio. Call our Ohio law firm immediately to talk about a possible bankruptcy case!
Our Bankruptcy Attorneys Serve the Following Areas
Sheppard Law Offices, Co., L.P.A. serves individuals, families, and small businesses throughout central Ohio, Northeast Ohio, and the state of Ohio. With consumer bankruptcy and tax offices in the following.
We represent clients in several counties in Ohio, including Franklin County, Delaware County, Licking County, Knox County, Stark County, and Summit County, as well as in communities such as Columbus, Dublin, Upper Arlington, Westerville, Newark, Granville, Utica, Mount Vernon, Massillon, Medina, Barberton, Dover, and New Philadelphia.