Bankruptcy Attorney in Columbus

Why choose our bankruptcy lawyers in Columbus?

There are a number of bankruptcy attorneys in Columbus, Ohio, so you might wonder what sets us apart and why you should choose us. The answer is easy. Our lawyers at Fesenmyer Law Offices, LLC have the skills and knowledge to handle your case quickly and efficiently, no matter how complicated. We have been doing this for decades.

We also know the intricate details of federal and state laws and how they apply to your case. Our attorneys spend a significant amount of time with our clients and will listen to you so we can fully understand what you are going through and your future goals. We will then help you determine what type of bankruptcy would be best in your situation and be there for you throughout the process, keeping you informed and addressing your concerns.

We try to keep our services as affordable as possible so you don’t have to worry about our fees during this challenging time. Our initial consultations are also free, so contact us to schedule an evaluation of your financial situation and determine what’s best for you.

Our clients know and trust that we have their best interests and financial futures in mind.  We are committed to each client we serve and genuinely want the best outcomes for all.

How does bankruptcy work?

Filing for bankruptcy will allow you to liquidate your debts within a short period or through a payment plan running for a stipulated period. There are two types of bankruptcy you can file as an individual under the United States Bankruptcy Code: Chapter 7 and Chapter 13 bankruptcy.

Chapter 7 bankruptcy

Chapter 7 bankruptcy is the most common form of bankruptcy filed by individuals and businesses. It will eliminate most or all of your debt when filed and approved. However, your income must be below Ohio’s median for your household size to qualify for it. If your average monthly income for the past six months is below the Ohio median for your household size, you meet the requirements.

This bankruptcy type can only be filed once every eight years, but it takes a short time to discharge, allowing you to start rebuilding credit immediately. Under Chapter 7, some assets cannot be sold to clear your debt, including clothing, cars (within certain limits), tools of trade, and household furnishings. Also, Chapter 7 takes care of unsecured dischargeable debts like credit cards and medical bills, but it won’t discharge debts like student loans, alimony, and child support.

After filing for bankruptcy, our attorneys at Fesenmyer Law Offices, LLC will ensure that your bankruptcy protections are in place and remain effective.

Chapter 13 bankruptcy

If you are not eligible for Chapter 7 bankruptcy, you can file for Chapter 13. Unlike Chapter 7, where eligible debt is discharged within about four months, , Chapter 13 allows you to create a payment plan. The payment plan must be approved by the court and be agreed upon by your creditors, and it takes three to five years for the debts to be discharged.

However, to qualify for Chapter 13, you must meet certain requirements such as having a steady income and the ability to carry out your repayment plan.

Chapter 13 offers protection against foreclosure and vehicle repossession. It also offers the ability to stop lawsuits, wage garnishments, bank attachments, and creditor harassment as soon as your case is filed.

When you contact our law firm, our Columbus bankruptcy lawyer will carefully explain both bankruptcy types and their advantages. Then, we will help you decide what is best for you based on your unique situation.

How to prepare for bankruptcy

Once you meet with your attorney, they will provide you with a list of all of the documents that you need to gather to send to the court.  They will also give you information about mandatory pre-filing credit counseling.  After your case is filed, your bankruptcy hearing will be scheduled about a month later.  There is also a mandatory pre-discharge Financial Management Course.  Your attorney will guide you through all of the requirements and documents necessary to file your case and receive a discharge.

Our affordable bankruptcy lawyer in Columbus, Ohio, can provide the best legal advice to protect your assets and help you achieve financial freedom.

Bankruptcy Attorney in Columbus FAQs

Facing bankruptcy can seem overwhelming, and it’s natural to have questions and concerns. Your questions are best answered in a free consultation with our bankruptcy lawyers in Columbus. But first, here are some frequently asked questions.

How long will it stay on my credit report if I file for bankruptcy? 

A bankruptcy will stay on your credit report for 7 to 10 years.  However, since bankruptcy discharges your debt, you should be able to begin building back up your credit score once your bankruptcy is discharged.

Will filing for bankruptcy disqualify me from getting a job? 

Generally, filing for bankruptcy does not affect your current employment. Also, government agencies are prohibited from discriminating against you when you apply for a job because you filed for bankruptcy. However, if you are looking for opportunities in the the financial industry, you might be unable to get a job as they perform credit checks.

What assets can I keep if I file for bankruptcy? 

Under Ohio bankruptcy exemptions, most or all of your assets may be protected and are not subject to being taken by the bankruptcy court.  Many people are able to keep a house or a car, depending on the value and the amount of equity they have, and things like retirement plans, personal property, and tools of trade.

How much will I pay my bankruptcy lawyer? 

Attorney fees vary based on the peculiarities and complexities of a case. Chapter 13 cases cost more because they are more complex than Chapter 7 and take more time to resolve.   We offer a free consultation where our attorney will give you an exact fee quote.

How our Columbus bankruptcy attorneys can help you

Hiring our legal team at Fesenmyer Law Offices, LLC is an excellent decision when dealing with bankruptcy. Our lawyers will walk you through bankruptcy, handle the paperwork and court appearances, and guide you to make sound decisions. We will also make sure that your creditors do not contact you and harass you during the pendency of your bankruptcy. With us by your side, creditors will not take advantage of you, and we’ll ensure your bankruptcy protections are in place and remain effective.

Book a free consultation with our bankruptcy lawyers in Columbus

Our free consultation allows you to discuss your case with us and understand whether bankruptcy or other forms of debt relief are for you. We will ensure you know your options and make an informed decision. Delaying will only worsen your situation, so contact Fesenmyer Law Offices, LLC to book a free case review.