Helping You Understand Chapter 13 Bankruptcy

If you are considering whether or not calling a bankruptcy attorney is necessary, the reality is that the answer is likely yes. The sooner you accept that your financial situation has become more than you can handle on your own, the sooner you can get the fresh start you deserve. No matter the circumstances that got you here, this is your chance to regain control and relieve the burden you feel every day.

The first step is contacting a lawyer who is seasoned in bankruptcy law. Steven J. Heimberger Attorney at Law has been practicing bankruptcy law in Ohio since 2009. He is focused on helping people understand their options and make the right choice. The next step is determining which bankruptcy option is right for you.

Chapter 13 Vs. Chapter 7

Filing for bankruptcy can seem confusing and overwhelming, and he is here to help you through it. One of your options is Chapter 13 bankruptcy.

With Chapter 13 bankruptcy, the individual or married couple may have a higher income or more assets than those who might qualify for Chapter 7 bankruptcy. It gives you tax debt relief, which is the ability to repay your taxes without the penalties and interest. Chapter 13 will also help stop foreclosure and allows you to maintain control over all of your assets.

Chapter 13 focuses on reorganizing existing debt. It typically allows you to keep your home and your car while also working to catch up on other debts. You set up a repayment plan to pay creditors over a three- to five-year timeframe. The payments may only be a percentage of the outstanding debt — anywhere from 10 percent to the full amount. Once that timeframe has expired, your remaining debt will be discharged.

Mr. Heimberger can help you determine if you meet the criteria for a Chapter 13 bankruptcy filing or if a Chapter 7 filing may be more suitable for your needs. The ultimate goal is to find the ideal resolution for your specific scenario.

Take The First Step To Resolving Your Financial Burden

Call Steven J. Heimberger Attorney at Law today to set up a free initial consultation to discuss your financial future. You can reach his Akron office at 234-206-3958 or contact him online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.