Chapter 7 or 13 Bankruptcy Attorneys in Westerville, Ohio
Why make Wood & Brewer your first call if you are looking for a Chapter 7 or 13 Bankruptcy Attorneys in Westerville, Ohio?
Why Make Wood & Brewer Your First Call If You’re Looking for a Chapter 7 or Chapter 13 Bankruptcy Attorney in Westerville, Ohio?
Filing for bankruptcy is often a scary and overwhelming decision. Bankruptcy provides relief for people who are drowning in debt, so that’s a good thing. But bankruptcy is complex and has long-lasting effects on a financial future. Anyone thinking about filing bankruptcy in Westerville, Ohio has several reasons to call Wood & Brewer before moving forward.
1. Get Help Understanding Your Options
Bankruptcy isn’t the only solution to financial problems. An attorney from Wood & Brewer can help a person explore their options. For example, there’s debt consolidation, negotiating with creditors, or other alternatives. A Wood & Brewer attorney will discuss options in detail and help the person decide which options are best.
2. Choosing the Right Type of Bankruptcy
An attorney can decide which type of bankruptcy is best for a situation. The most common options for individuals are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 is a liquidation process where some assets are possibly sold to pay off debts. Chapter 13 involves setting up a repayment plan to pay back debts over time.
3. Keep Your Assets Safe
Most people, before filing bankruptcy, have a concert that they’ll lose their home, car, or other important belongings. Bankruptcy laws include exemptions that protect certain assets, but these laws vary by state. An attorney can explain which assets are safe and how to maximize protections under the law.
4. Avoid Costly Mistakes
Bankruptcy involves a lot of paperwork, and small errors can lead to big problems. Failing to disclose all assets or debts, missing deadlines, or filing the wrong forms could result in a case being delayed or dismissed. A lawyer ensures that everything is done correctly, which provides the best chance of a successful outcome.
5. Handle Creditors
Once a person files for bankruptcy, creditors are required by law to stop contacting them. The legal term for this is “automatic stay.” However, some creditors might still try to reach out or challenge the bankruptcy case. An attorney can handle these situations, and make sure creditors back off.
6. Get Help Planning for the Future
Bankruptcy is a fresh start, but it’s not a free pass. It will impact a person’s credit score and financial future for years to come. An attorney can provide advice on rebuilding credit and creating a plan for managing finances after bankruptcy.
Bankruptcy is a legal process with serious consequences, and it’s not something anyone should face alone. An attorney from Wood & Brewer can help anyone interested in filing Chapter 7 or Chapter 13 Bankruptcy in Westerville, Ohio.