Westerville & Columbus, Ohio Chapter 13 Bankruptcy Attorneys With Over 15 Years Experience.
Need Counsel? Call Our Westerville Bankruptcy Firm.
If you are considering filing for bankruptcy but don’t want to liquidate your assets or, you are facing foreclosure, Chapter 13 bankruptcy may be a great option for you. At Wood & Brewer, LLC, our Columbus bankruptcy lawyers help individuals understand the legalities and benefits of Chapter 13 bankruptcy to determine if it is the most suitable course of action.
Find out if filing for Chapter 13 bankruptcy is the right course of action for you! Give our firm a call today at (614) 410-6878 to request your free consultation.
Benefits of Filing Chapter 13
There are numerous benefits of filing for Chapter 13 bankruptcy, including the ability to pay off your debt in more affordable monthly payments. This is because the process involves coming up with a repayment plan—completed in three to five years—to which your creditors agree. As a result, you’ll have a single payment paid to your bankruptcy trustee, who will manage your creditor repayment.
Chapter 13 puts an end to creditor harassment and other situations, giving you the breathing room you need to rebuild your life. Many people balk at the idea of a three to five year process for bankruptcy, but there are a multitude of advantages to a Chapter 13 bankruptcy filing. To begin with, your dischargeable debt (which includes credit cards and other forms of unsecured loans) stops accruing interest—giving you the ability to get ahead of your debt for the first time in a long time.
The advantages of Ch. 13 bankruptcy also include:
• Only pay what you can afford
• Discharge certain unpaid debts
• Save your home from foreclosure
• Get fast relief from creditors
• Prevent repossession of vehicles
• Remove a second or even higher mortgage
One of the most beneficial aspects of Ch. 13 is the ability to get rid of certain debts. A majority of your unsecured debts, such as credit cards, medical bills, and others, may be discharged under certain exemptions. That means only a percentage of unsecured debts will need to be paid back. Secured debts, such as your house and cars, must be paid back in full through the repayment plan.
Reasons to Choose Our Firm
• 24/7 Availability
• Direct Attorney Access
• Over 15 Years’ Experience
• Flexible Payment Options
• Business & Consumer Case Experience
• We’ve Represented Creditors & Debtors
Your Case, Your Life, Our Priority
Wood & Brewer knows firsthand how financial struggles can negatively impact our lives—it’s why we are so dedicated to helping our clients achieve a fresh start. Should you choose to hire our Columbus Chapter 13 bankruptcy attorneys, we will walk you through the process step-by-step, giving you clear and effective counsel about every decision you need to make.
As a result, you can regain your confidence as we rebuild your financial situation together. Our attorneys can help you come up with a strong plan of action that allows you to pay off your debts as painlessly and easily as possible. You can trust your case with us.