Columbus Bankruptcy Attorney
When the woes of insurmountable debts weigh you and you feel that you have reached the end of a tunnel, there is a way out – through declaring bankruptcy. Bankruptcy, according to the Columbus bankruptcy law, might just be the best solution to your financial problems.
To file for bankruptcy, you will need the services of a Columbus bankruptcy lawyer He can help you come out of your financial troubles, by educating you on the finer points of the bankruptcy law and by guiding you through the process of filing for bankruptcy. Click here for a FREE assessment of your case Whether you live in Columbus or neighboring areas such as Adams, Athens, Belmont, Brown, Butler, Champaign, Clark, Clermont, Clinton, Coshocton, Darke, Delaware, Fairfield, Fayette, Franklin, Gallia, Greene, Guernsey, Hamilton, Harrison, Highland, Hocking, Jackson, Jefferson, Knox, Lawrence, Licking, Washington, Westerville, Dublin, Gahanna, New Albany, and Worthington, you come under the purview of the Columbus bankruptcy law.
Our sponsoring Columbus bankruptcy lawyers understand the need for good financial health and the effect of the unbearable debt on you, your family and your business. However, to get the best out of the situation for you, he or she will need to have a very clear picture of your problem.
Types of bankruptcy: The most significant parts of bankruptcy are contained in Chapters 7 and 13, which your Columbus bankruptcy lawyer or attorney will explain to you.
- Chapter 7: When you file for bankruptcy under Chapter 7, the court will eliminate all your unsecured debt and hand over your nonexempt assets to a bankruptcy trustee. This trustee will liquidate your assets and the proceeds of it will be shared among your creditors. You can resort to Chapter 7 if you have no assets, or if you have only exempt assets, or are willing to give up your non-exempt assets.
- Chapter 13: When you file for bankruptcy under Chapter 13, you get to retain all your assets. You should submit a payment plan, to pay your creditors within three to five years. Your Columbus bankruptcy lawyer will help you draw a plan and take care of all related legal procedures for you.
