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Chapter 7 Bankruptcy

Are you struggling to deal with situations such as layoffs and downsizing, overwhelming medical and credit card bills and other mounting debts? When times are tough, bills rapidly pile up and before you know it, you, your family or your small business is faced with financial disaster.

The good news is that there is help available through a Chapter 7 bankruptcy, referred to as a fresh start bankruptcy. It may discharge unsecured debts, including credit cards, medical bills and installment loans. It stops, prevents or resolves collections, loan deficiencies, repossessions, wage garnishment and civil judgments. It can help you eliminate the bills you cannot afford while allowing you to keep assets such as your car and your house.

The seasoned Ohio debt-relief lawyers at Fesenmyer Cousino Weinzimmer know how to help you get out from under unmanageable debt. Most of our firm’s Chapter 7 bankruptcy clients are able to keep all of their assets while eliminating most if not all consumer debt.

We provide a free, no-obligation consultation and offer professional and supportive representation to protect our clients. We evaluate your individual situation and help you determine if filing for Chapter 7 is the right choice for you. To discuss your options for debt relief, call one of our offices at 614-228-4435 (Columbus), 937-222-7472 (Dayton), or 877-654-5297 (Cincinnati).

Understanding Chapter 7 Bankruptcy

If your income is too low to pay credit card bills, medical bills, utilities, payday loans or personal loans, Chapter 7 may be the best option. The process is over in a few months, so you can begin rebuilding credit quickly. Upon discharge of your Chapter 7, you will have little or no debt remaining, and lenders may feel that you will be better able to repay your debts in the future. After your debts are discharged in a Chapter 7 bankruptcy, many people finance vehicles and receive solicitations for unsecured credit within months. In addition, you may be eligible to purchase a home within two years of your bankruptcy discharge.

Chapter 7 Bankruptcy Can Protect You From:

  • Creditor harassment
  • Vehicle repossession debt
  • Wage garnishment
  • Civil lawsuits
  • Unpaid cosigned debts

Am I Eligible?

Not everyone is eligible for Chapter 7 bankruptcy protection. Your income and debt will be subjected to something called a “means test” to determine if you qualify. If you are not eligible for Chapter 7, Chapter 13 bankruptcy is another form of relief.

Filing for Chapter 7 bankruptcy eliminates credit card debt, medical bills and unsecured loans; however, there are some debts that cannot be discharged. Those debts include child support, spousal support obligations, student loans, judgments for damages resulting from drunk driving accidents, and most unpaid taxes.

What About Secured Debt?

Debts backed up by property, such as home mortgages or automobile loans, are secured debts. The debt will be discharged but the lender is entitled to recover the property used as security. If you want to keep the property, you do have alternatives. You can negotiate with the lender while in bankruptcy to alter the terms of the original loan. The lender might be willing to extend your loan so that the payments are more affordable or might offer a reduced principal balance on the loan. You also have the option of keeping the property if you pay its current value to your lender. Our experienced attorneys can review your individual situation and go over all of the options with you.

Contact Us

The longer you wait to explore your bankruptcy options, the more chances you have of getting deeper in debt, and the more stress and worry you will endure. Bankruptcy issues are complicated, but the attorneys at Fesenmyer Cousino Weinzimmer understand the issues and the difficult decisions involved.

We will provide you with a personalized case evaluation and counsel you regarding debt relief options, including but not limited to Chapter 7 bankruptcy. We work with you to make sure you are aware of all your options and help you decide on the path to a brighter future that makes sense in your individual case. We understand what you are going through and will walk you through the process.

Don’t delay! Call Fesenmyer Cousino Weinzimmer at one of our conveniently located office branches at 614-228-4435 (Columbus), 937-222-7472 (Dayton), or 877-654-5297 (Cincinnati) or email for a free consultation so we can determine what debt relief solutions will work best for you.

Other bankruptcy services we provide include Chapter 7, Chapter 13, Bankruptcy for Self-Employed, Divorce Bankruptcy, Tax Debt and student loan debt.

Know your rights! Know what you can keep, how to stop collections, the difference between filings statuses, alternatives to bankruptcy, FAQ and terms you should know.

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