Cleveland Bankruptcy Lawyers
Cleveland bankruptcy lawyers can give you information about how to tackle your debt head-on.
Bankruptcy laws were created to help you eliminate your debt, protect your property and secure your future.
Ohio bankruptcy laws allow you to address debt stemming from many sources, including credit cards, mortgages, car payments, medical bills and even payday loans. Filing for bankruptcy may also provide protection against not just foreclosure and lawsuits, but against the harassing phone calls and letters placed by creditors.
The first step on the way to a new financial life may be your meeting with a Cleveland bankruptcy lawyer. Your lawyer may get you the information you need to start the process of reforming your debt and protecting your assets.
Connect with a local Cleveland bankruptcy lawyer today by calling us, toll free, at 877-349-1309 or filling out the free case evaluation form on this page.
Filing Bankruptcy Myths
A lack of knowledge about bankruptcy prevents many people from getting the legal help they need to fully recover from their debt. Here are just a few of the most common myths about bankruptcy:
- I will lose my home. In Chapter 13 bankruptcy, your home is protected
by the "automatic stay" provision which prevents foreclosure while you
make payments on a court-approved timetable. As long as you make the
payments on time, you'll keep your home. For Chapter 7 bankruptcy, most states allow for a homestead exemption, and in the majority of cases
there is no home sale.
- Bankruptcy will ruin my credit record. This is not necessarily true.
What ruins your credit record is your inability to pay your debts on
time. If you file for Chapter 7, most of your debts may be discharged,
and you may be given a fresh start. If you can keep on top of any new
debts you incur after you emerge, your credit record should actually
improve.
- I won't be able to get credit afterward. If you work at developing
good financial habits, you should be able to get credit again. In fact,
since most of your debts may be wiped out, and you won't be able to
file for another eight years, creditors might look at you as a
good credit risk!
- I can handle bankruptcy myself. Filing for Chapter 7 or Chapter 13 can be complex, and may involve a series of time-sensitive filings, documentation and meetings. Your filing may involve state and federal laws, and there are many pitfalls for the unwary. You probably wouldn't perform your own surgery, why
would you perform your own filing?
Bankruptcy can be the tool you need to clear your debt and get a fresh financial start. Get the help you need to make the most of this opportunity.
To speak with a Cleveland bankruptcy lawyer, call us, toll free, at 877-349-1309 or fill out the free case evaluation form on this page.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.