When your finances become overwhelming, filing for Chapter 13 bankruptcy in Columbus can be a practical solution to getting out from under your debt. Before you file, it’s important to understand this form of bankruptcy and whether it’s right for you. If you’re ready to move forward, you should contact an experienced Columbus Chapter 13 bankruptcy attorney to handle the process on your behalf. Having an experienced lawyer on your side can have a significant impact on your long-term financial outcome.
Why Choose Us?
Leaders in Ohio Bankruptcy Law
Fesenmyer Law Offices, LLC is a leader in Ohio bankruptcy cases. Our firm specializes in bankruptcies and has filed thousands of cases in central and southwestern Ohio. When you choose Fesenmyer Law Offices, LLC, you’re choosing a firm that has a reputation for its knowledge of Ohio bankruptcy law. Our bankruptcy attorney brings personalized attention, subject-matter knowledge, and superior negotiation skills to every case we handle.
Filing for bankruptcy is a serious decision. For better or worse, it can have a long-term impact on your finances and standard of living. When you need a Columbus Chapter 13 bankruptcy attorney, there’s no better choice than the experienced legal team at Fesenmyer Law Offices, LLC.
Understanding Chapter 13 Bankruptcy in Columbus
Chapter 13 bankruptcy is one of two possible options for filing for personal bankruptcy in Ohio. Ohio law also offers Chapter 7 bankruptcy. However, this form of bankruptcy is only an option if you’re below a certain income limit. A Columbus Chapter 13 bankruptcy lawyer can advise you on whether Chapter 13 is the right form of bankruptcy for you.
Working with a Columbus Chapter 13 bankruptcy lawyer allows you to regain control of your finances. With the right plan, a brighter financial future awaits.
Filing for Chapter 13 bankruptcy in Columbus can have a wide variety of outcomes. The amount of debt, possible exemptions you qualify for, and the terms of your repayment plan all have an impact on how your finances look at the end of the process.
If you’ve arrived at the point where you believe that filing for bankruptcy in Columbus is your best financial option, a Chapter 13 bankruptcy lawyer can help ensure your finances are protected as you negotiate a payment plan and work to achieve a long-term resolution to your current financial concerns.
Are you wondering whether filing for Chapter 13 bankruptcy in Columbus is the right move? Call our office at 614-228-4435 (Columbus), 937-222-7472 (Dayton), or 877-654-5297 (Cincinnati) today to schedule a free consultation and explore your options.
The Benefits of Chapter 13 Bankruptcy
Protecting Your Assets While Negotiating a Better Future
Bankruptcy often has a negative connotation. However, it can be the smartest financial move you make. Filing for Chapter 13 bankruptcy brings many benefits. First and foremost, it allows you to get out from under your debt so you can again take charge of your finances.
Chapter 13 typically involves establishing a manageable payment plan that works with your current income. Some of the key benefits offered by Chapter 13 include:
- Protections for your home, vehicle, and other assets
- A repayment plan negotiated according to your terms
- Lower interest rates
- Option for debt consolidation
- Possibility of debt forgiveness
- No more harassment from debt collectors
In the short term, Chapter 13 allows you to negotiate a payment plan that realistically works with your current income. The option to consolidate debt combined with a lower interest rate means that the debt you’re paying off sees a reduction, rather than your payments being eaten up by high interest rates spread across multiple accounts.
In the long term, one of the greatest benefits of Chapter 13 is that if you consistently meet your payment obligations for three to five years, any outstanding debt can be discharged. Chapter 13 offers the opportunity to get your debt under control so you can move forward with your future.
Frequently Asked Questions
If you’re considering filing for Chapter 13 bankruptcy in Columbus, you probably have many questions. Here are some of the most common initial questions our Columbus Chapter 13 bankruptcy attorney can answer.
Do I need a Columbus Chapter 13 bankruptcy attorney to file for bankruptcy?
It’s a mistake to attempt filing for bankruptcy without the help of a Columbus Chapter 13 bankruptcy attorney. Bankruptcy is a complex legal process. It requires legal knowledge, practiced negotiation skills, and experience leveraging Ohio’s bankruptcy exemptions to protect your financial best interests.
While it’s possible to file for Chapter 13 bankruptcy without a lawyer, it’s not a good idea. In nearly every case, a skilled Columbus Chapter 13 bankruptcy attorney will be able to help you walk away in a much better financial position than if you’d attempted the process without legal representation.
Is Chapter 13 bankruptcy the only option available to me?
If you’re considering filing for personal bankruptcy in Ohio, the two options available to you are Chapter 7 and Chapter 13. However, Chapter 7 bankruptcy is available only for individuals who are at or below a certain income level.
If you’re currently employed and earn over the median income for your state or you have assets such as a house or car that are above the exemption levels, , you likely don’t qualify for Chapter 7. In that case, Chapter 13 bankruptcy is probably the only option available to you. Before you make any major legal decisions regarding your finances, you should always take time to consult an experienced Columbus Chapter 13 bankruptcy attorney.
What should I expect when I call a Columbus Chapter 13 bankruptcy attorney?
We will schedule a free consultation with you to go over your income, assets, and debts. During your consultation, your lawyer will explain your options, including whether Chapter 13 bankruptcy is right for you and what bankruptcy exemptions you may qualify for. If you decide to move forward, your lawyer will help you prepare the financial and legal documentation and file with the court.
How much does a Columbus Chapter 13 bankruptcy attorney cost?
At Fesenmyer Law Office, we understand that excessive legal fees are the last thing you need when you’re already struggling with financial concerns. We pride ourselves on the affordability of our legal services, and we work with clients to create a payment plan that works with your current financial situation. Worrying about the cost of a lawyer should never deter you from seeking legal assistance to file for Chapter 13 bankruptcy in Columbus.
Personal finances are highly unique. Every person who ends up considering bankruptcy does so for individual reasons. A Columbus Chapter 13 bankruptcy attorney will be able to answer additional questions specific to your case during your consultation.
Call Our Columbus Chapter 13 Bankruptcy Attorney Today
Fesenmyer Law Office knows Ohio bankruptcy law. If you’re considering filing for bankruptcy in Columbus, our Columbus Chapter 13 bankruptcy attorney can guide you through the process. With the right legal guidance, it’s possible to get your finances back on track without losing your assets.
When your financial issues loom too large, you have options. Call our office at 614-228-4435 (Columbus), 937-222-7472 (Dayton), or 877-654-5297 (Cincinnati) today to schedule a free consultation and explore your options.