Columbus Bankruptcy Attorneys Working For You

Author: Alexander Littlejohn/ Date: August - 26 - 2010

Bankruptcy stories have been the subject lately of many television broadcasts, newspaper articles, Internet stories and even Twitter Tweets. You have probably heard about the Kmart bankruptcy and the Ritz Camera bankruptcy, and almost everyone knows something about the GM bankruptcy. With all of this talk about bankruptcy, you may have questions about what bankruptcy could do for you. The best source of information on any legal matter like bankruptcy is an attorney.

Attorneys in Columbus, Ohio and its surrounding cities do not all offer the same services and may not all have the same years of experience. Many attorneys specialize in just a few areas of the law. An attorney may choose to practice any number of specialties, including Personal or Business Tax Law, Family Law (which includes divorce and custody issues), D.U.I. Offenses, Personal Injury, Bankruptcy and Contract Law.

If you are contemplating bankruptcy, it is in your best interest to seek the counsel of a Columbus area Bankruptcy Attorney. You may have seen many advertisements for bankruptcy attorneys in and around Columbus, but is important to choose a seasoned Bankruptcy Attorney who files multiple Chapter 7 and Chapter 13 Bankruptcy cases each month.

To learn more about Bankruptcy Attorneys practicing in the Columbus Area, read the sections below:

Your Next Step

Your next step is to determine if bankruptcy is the best choice for you and, if so, which type of bankruptcy best meets your needs. We want to assist you as you make these important choices with our free, confidential legal evaluation. Contact one of our experienced Columbus area Bankruptcy Attorneys to get the help you need in deciding whether or not bankruptcy is your best choice and, if so, which type of bankruptcy will best serve you. Bankruptcy law is complicated and ever-changing. Your creditors certainly have attorneys advising them; you need an experienced bankruptcy attorney on your team, advising you.

A Columbus area Bankruptcy Attorney can help you enter bankruptcy protection and benefit from the rights the law provides under it. Once you file for bankruptcy protection, you can experience the peace that comes with and end to the harassing phone calls and letters from your creditors. Also, your Columbus area Bankruptcy Attorney can help you retain your hard-earned home and property and get a fresh start financially for you and your family.

What Can My Columbus Bankruptcy Attorney Do for Me?

Our Columbus area Bankruptcy Attorneys can educate and counsel you on this complicated legal process and help you on your journey toward the financial stability you desire. Once your bankruptcy attorney helps you understand the process of how to file bankruptcy, you will learn what bankruptcy can do for you and what it cannot. The following is a short summary of each, but it is important that you speak with an experienced Columbus Bankruptcy Attorney. Your financial situation is unique; a Columbus Bankruptcy Attorney can help you understand your individual options under both United States and Ohio law.

What Bankruptcy Could Do for You

As the economy in Ohio and across the United States continues to decline, many families in Columbus struggle with debts they owe. Bankruptcy could be a legal solution that enables you to get rid of your debts and start with a clean financial slate. Through bankruptcy, you may be able to:

Get rid of credit card and other unsecured debt: If you can prove that you are unable to meet your financial obligations, bankruptcy may help you discharge debt you’ve incurred through credit cards. Most credit card debt is unsecured, which means that you did not pledge any property as collateral to receive the line of credit. As a result, the creditors on unsecured debt cannot place liens against your property if you default on or are late in paying these debts; further, they cannot repossesses any property you own if you are unable to pay back the debt.

Have many of your debts canceled or considered “paid in full” with only a partial payment: Once you and your Bankruptcy Attorney determine which type of bankruptcy best suits your unique situation, you will know how much—if any—of your debts the courts will require you to pay. Once you meet the obligations put forth by the Bankruptcy Judge, your debt will be considered “paid in full” or discharged.

Stop creditor harassment: If you and your family dread answering the telephone or opening your mail due to ongoing attempts from your creditors to collect payments from you, a bankruptcy filing can put an end to this harassment. From the first day you file bankruptcy, regardless of what type you file, creditors must stop any attempts to collect payment from you on your debts. Once you file, your creditors are legally prohibited from telephoning, writing or visiting you at your home or office. Further, the creditors may not repossess certain personal property, which may include your vehicles, or begin foreclosure proceedings against your residence.

Remove many liens against your property: Although a bankruptcy filing may not remove all liens placed by creditors against your property, it may remove some of them. If a lien is placed against an item you own, you may not sell that item as long as the lien is in place, even if you want to sell it to get funds to pay down your debts. To understand exactly which of the current liens against your property could be removed by a bankruptcy filing, consult with your Columbus area Bankruptcy Attorney.

What Bankruptcy Cannot Do for You

Although bankruptcy can be like a life preserver for many families drowning in debt, it will not solve every financial problem for any family.

Bankruptcy will not eliminate all of your debts owed.
Bankruptcy will not enable you to keep property on which you have made no payments.
Bankruptcy will not cancel out your alimony or child support payments.
Bankruptcy will not eliminate most taxes or federal debts you owe (like student loans).
Bankruptcy will not keep you out of future financial difficulties; your Columbus Bankruptcy Attorney can advise you on simple changes you can make now to help your financial future be a more certain one.

Everyone you know probably has an opinion on bankruptcy filings, and some of them may have first-hand experience in the matter. No one but a qualified Columbus area Bankruptcy Attorney, however, is qualified and legally trained to advise you in what your options really are and what your best choices would be. Contact a qualified Columbus area Bankruptcy Attorney today.

Financial Services

Quickly find different financial services!