Bankruptcy

Bankruptcy | Attorney Lawyer

Bankruptcy-Attorney-LawyerMost people never think they will need a bankruptcy attorney. But in this difficult economy, job loss, unexpected medical bills or other hardships can bring a family to the brink of financial ruin in no time at all. According to statistics for Ohio, more than 57,000 bankruptcies were filed in the state in 2011. Nationwide, bankruptcies filed by people earning incomes above $60,000 increased by over 66% that year. Debtors reporting a reduction of income increased by 24%, while those citing job loss as a cause of financial distress increased by 21% since 2006.  Other reasons for bankruptcy included unexpected illness or injury and divorce.

If you’re struggling with debt, bankruptcy offers you the chance to get a fresh start. But a bankruptcy filing is not something to attempt on your own, as Ohio bankruptcy law is highly complex. Retaining an experienced bankruptcy attorney can save you from serious complications down the road, and ensure that your debt is discharged in a timely manner. At Wright Schulte LLC, our Ohio bankruptcy lawyers understand what our clients are going through, and we’ve successfully helped scores of Ohio families discharge their debt and move forward with their lives. Their vast experience will allow them to suggest the best solution to your financial difficulties, including possibly filing for bankruptcy under Chapter 7 or Chapter 13 of the Federal Bankruptcy Code. If your facing financial hardships and don’t know where to turn, the Ohio bankruptcy attorneys at Wright Schulte can help. To learn more about the options available to you, we urge you to contact Wright Schulte LLC for a free, no obligation bankruptcy evaluation today.

Ohio Bankruptcy Law

Bankruptcy provides distressed debtors with the opportunity to discharge some, or all, of their debts. In other cases, bankruptcy protects debtors so they can consolidate debts and formulate a reasonable plan to pay them off. Once you file a bankruptcy petition, the Bankruptcy Court will issue a stay that will put an end to:

  • Wage Garnishments
  • Repossession of Property
  • Foreclosure
  • Wage Attachments
  • Collection Actions
  • Lawsuits
  • Creditor harassment
  • Utility shut-offs

Depending on their financial situation, consumers in Ohio are eligible to file a Chapter 7 or Chapter 13 bankruptcy action. A Chapter 7 bankruptcy could allow you to eliminate most forms of unsecured debt such as credit cards, medical bills and personal loans. In most cases, you can keep your home, car and other personal belongings. Chapter 13 bankruptcy is a debt repayment plan through which you consolidate your debts such as mortgage arrears, balances on vehicle loans, student loans, credit card debts and other unsecured debts over a three-to-five year period. The creditors cannot collect from you during the term of the plan.

At Wright Schulte LLC, our bankruptcy lawyers boast decades of experience dealing with Ohio bankruptcy courts on behalf of Ohio residents. They believe it is their mission to help clients in financial distress move forward with their lives. Every one of our Ohio bankruptcy lawyers are committed to providing each of our clients with prompt, personal attention, and will make sure you are thoroughly informed of the options available to you at each stage of your case. They’ll carefully review all of your property and debts, and work with you to determine a solution that helps you keep as many of your assets as possible

Ohio Bankruptcy Evaluations

If you are contemplating bankruptcy in Ohio, it is vital you retain skilled legal counsel at once. If you’re looking for an Ohio bankruptcy law firm that will guarantee the caring, personalized and loyal representation you deserve, please do not hesitate to contact Wright Schulte LLC today. For a bankruptcy evaluation, simply fill out the online form on the right, or give Wright Schulte LLC a call, at (937)-435-9999.