Helping You Get a Fresh Start
Are you making enough money to cover your living expenses but are not able to make payments on your debt? Before you consider draining your 401k and other retirement accounts, speak with an experienced attorney to discuss your situation. Chapter 7 bankruptcy may be an option for you.
At the law office of Patrick J. Conway LLC, in Cincinnati, I help people burdened with debt take action to improve their future. Using my 29 years of bankruptcy experience, I will advise you about your options and help you make sound decisions that will give you a fresh financial start.
Many people ask how much debt they need before they can file bankruptcy. I tell them if they are having any trouble paying off their debt, it's time to see a bankruptcy lawyer.
What Exactly Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy, also referred to as "straight" or "liquidation" bankruptcy, allows you to get rid of debts without requiring you to pay them down first.
Chapter 7 bankruptcy discharges most forms of unsecured debt, such as:
- Credit card bills
- Medical expenses
- Personal loans
- Utility bills
- Payday loans
Chapter 7 does not discharge some debts, including child support, taxes and student loans.
Protect Your Wages, Bank Accounts and Other Assets
If your creditors are suing you or harassing you, filing bankruptcy brings immediate protection from all your creditors. Anyone who attempts to collect from you after you filing violates federal law. There is no better way to protect yourself from your creditors.
Will Bankruptcy Affect My Credit Score?
It is not true that filing for bankruptcy will destroy your credit. In fact, many people who file find their credit actually improves over time, as they are able to make regular payments on certain accounts. Most of my clients' credit scores increase 60-100 points within a year of filing bankruptcy.
Chapter 7 bankruptcy can help you reestablish your credit after you reduce your debt-to-income ratio. When you have little or no remaining debt, banks and creditors often deem you better able to pay your future debts.
Ready for a Fresh Start?
To discuss if Chapter 7 bankruptcy is right for you, or if you qualify for Chapter 13 bankruptcy, contact me online or call my office in Ohio 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.
