The Debt Reorganization Plan For Cincinnati And Northern Kentucky
You face foreclosure, repossession, or tax debt. Would you be able to catch up on your payments if you were given some breathing room? If so, Chapter 13 bankruptcy might be right for you.
My name is Patrick J. Conway. As a lawyer in Cincinnati, I have been helping people get out of debt and make sound decisions regarding their financial future for 29 years. As your lawyer, I will explain your options and guide you through the bankruptcy process.
If you are having trouble with your debt, you should see an experienced bankruptcy attorney to learn what steps you can take to protect your assets.
What Is Chapter 13 Bankruptcy?
Chapter 13 is a program that protects you from your creditors while you make payments on your debts.
People file Chapter 13 for a variety of reasons:
- Catching up missed house or vehicle payments
- Consolidating debts and reducing total monthly payments
- A desire to pay back part of their debts
In Chapter 13 bankruptcy, your debts are combined into one monthly payment. Over a period of 3-5 years, you pay back your creditors. After that time, debts are either paid off or discharged.
Some Chapter 13 benefits include:
- You save thousands of dollars in interest and penalty fees
- Most of your debt is discharged after 3-5 years
- You can eliminate tax debt
- You can stop foreclosure proceedings
- You can feel good that you are paying your debts
Chapter 13 allows you to keep all your assets, including your house and vehicles.
Bankruptcy Improving Your Credit
It is a myth that filing for bankruptcy will destroy your credit. The truth is, many people who file find their credit actually improves over time once they are able to make regular monthly payments on accounts.
Experienced Ohio Lawyer With You Every Step of the Way
To discuss if Chapter 13 bankruptcy is the right choice for you, contact me online or call my office at 513-924-4517 to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
