A Columbus bankruptcy attorney may be able to protect you and your family from losing everything.
A sponsoring Columbus bankruptcy attorney of Total Bankruptcy is qualified to evaluate your debts and assets and give you and your family the essential advice you may need to keep a roof over your head and food in the pantry. The first thing a Columbus bankruptcy attorney may determine is what type of debt consolidation will be the most beneficial for you. A sponsoring Columbus bankruptcy attorney of Total Bankruptcy should analyze your income, expenses, and the nature of your debts.
Get educated about your options through Total Bankruptcy.
To get the full benefits from the U.S. Bankruptcy Code and the state exemptions laws may require the help of a truly qualified Columbus bankruptcy attorney. With many years of experience and many cases in their portfolios, a sponsoring lawyer of Total Bankruptcy is able to represent you. Our association of law firms has worked hard to help provide you with all the resources you may need to become educated about your legal options and perhaps to take back control of your financial life.
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Chapter 13
If you are late on your mortgage or automobile loan, and you want to get current with these payments and keep your property, you may be able to do this under a Chapter 13 plan. The centerpiece of your Chapter 13 case is your repayment plan. This is an agreement between you and your creditors in which your creditors agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time. Most plans require you to make monthly payments to a federal official who is appointed by the court (trustee) to oversee your case. The trustee will make distributions to your creditors. Typically, your repayment plan will last from three to five years. You may qualify for a Chapter 13 only if you are able to satisfy the following three requirements:
You must have a regular source of income
You must have income left over after your expenses for basic human needs each month to allow you to make your monthly payments in a timely fashion under your repayment plan.
Your debts must not be too high. If your secured debts (which include loans you have secured by liens on your property, such as your home and auto loans, and even IRS tax liens) exceed $922,975, you are not eligible for a Chapter 13. Also, your unsecured debts may not exceed $307,675
If you do not qualify for a Chapter 13, you shouldn't worry; you may be able to qualify for a Chapter 7.
Call 1-877-349-1309 or fill out our secure evaluation form for the help you need now.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.