Experienced Chapter 13 Bankruptcy Attorney
Facing bankruptcy is difficult. You might be worried about losing your home, your vehicle or other possessions. Even though hundreds of thousands of people file for bankruptcy every year, it remains a very personal, sensitive issue.
The Chapter 13 Bankruptcy
The Chapter 13 bankruptcy begins in the same fashion as Chapter 7 — with a means test. The means test checks your income and family size against the mean income for families in the state of Ohio.
If you are below the state mean, you may be eligible to apply for Chapter 7 bankruptcy. However, if you are not, you may be able to apply for Chapter 13 instead.
Chapter 13 bankruptcy is a reorganization of debt — resulting in a court-approved payment plan.
Whereas a Chapter 7 bankruptcy gets rid of your debt immediately, in a Chapter 13 bankruptcy a court trustee figures out how much you can pay and sets provisions for a three to five year payment plan.
Helping You Keep Your Property — Securing Your Future
Filing for Chapter 13, like Chapter 7, can stop foreclosure proceedings. However, under Chapter 13, you have a much better chance of keeping valuable assets, such as a house, car and other non-exempt assets — like checking and savings accounts.
If you are worried about losing this property in a Chapter 7 bankruptcy, then you may wish to file for Chapter 13 instead.
The benefit of enlisting an experienced bankruptcy lawyer is that they will be able to guide you through this field of uncertainty.
I have over 10 years of experience representing client interests before the court in Chapter 13 bankruptcy cases. I will make sure that your rights are respected and that the appointed trustee sets a realistic plan for debt repayment.
If you are in need of a bankruptcy lawyer, call my Akron office at 330-752-1963 to schedule a free initial consultation. You can also contact A. Bradley McClain, Attorney at Law online.
A. Bradley McClain, Attorney at Law
209 South Main Street, Suite 800, 8th Floor
Akron, OH 44308
Phone: 330-752-1963
Toll Free: 866-721-8829
Fax: 330-376-4828
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