It is unfortunate that sometimes in life, you get behind on bills, seeing no way out. Perhaps it is time to stop stressing out and look to a solution that will help you get back on course and turn the situation around. It may be time to consider bankruptcy to get some help or a brand new start. There is a law firm who does Chapter 13 Bankruptcy in Fairfield OH. They want to help you assort your options in your bankruptcy situation.
There are generally two types of bankruptcies that most individuals use: Chapter 7 and Chapter 13. Chapter 7 is where your debts are totally wiped out and you start over with a clean slate. Chapter 13 is generally where you reorganize your debts so that you can pay them. In this article, the purpose is to help you understand how to navigate in a Chapter 13 in Ohio. Chapter 13 sometimes have the colloquial name of “wage earners bankruptcy.” When it is filed, it will be a voluntary plan to pay all or a portion of your debts in a period between three to five years. Your payments will be made to a bankruptcy trustee, who will then take the money and pay your debts, including the small fee he or she will take out for the service. How much of your debt that you will have to pay to your unsecured creditors depends on a couple factors. One factor is based on how much equity you have in the proper you wish to keep. The other factor is based on what is left over after you have covered your essential living expenses.
R. Dean Snyder, Attorney-at-Law, has been helping clients to reorganize their debts and/or take care of their bankruptcy issues for the past twenty years. He wants to assure you that your bankruptcy situation is not a reflection of you as a failure, but rather as an individual in a financial crisis who needs assistance getting back on track. If you are tired of your critical financial situation and need an attorney who does Chapter 13 Bankruptcy in Fairfield OH, you can get help from R. Dean Snyder. Visit the law firm’s website, Domain URL. Or, Contact R. Dean Snyder Attorney at Law at the firm.
