Bankruptcy Lawyers Columbus Ohio
Struggling with Debt? Our Bankruptcy Attorneys Can Help.
If you’re tired of stressing over unpaid bills, constant calls from collectors, and wondering how you’re ever going to get out of debt and live a normal life, contact Jump Legal Group in Columbus, Ohio. Our firm has more than 20 years of experience and our bankruptcy attorneys will determine the right debt solutions for you based on your specific circumstances. Whether you’re considering filing for chapter 7 bankruptcy or chapter 13 bankruptcy, need relief from student loans, want to protect your home from foreclosure, or seek to stop creditor harassment, the Columbus Ohio bankruptcy attorneys at Jump Legal Group can help you finally achieve a debt-free life and peace of mind. Contact us today for a free consultation with a bankruptcy attorney.
Columbus Attorney W. Mark Jump
Mark Jump is a founding partner at Jump Legal Group. He has more than 20 years of experience achieving results for his clients and working with cases regarding chapter 7 bankruptcy and chapter 13 bankruptcy, consumer matters, helping small business owners, and more.
The legal community in Ohio frequently recognizes Mark for his service and expertise. Mark has been listed in editions of the Best Lawyers of America since 2007, named one of the top 50 attorneys in Columbus by Ohio Super Lawyers in Columbus Monthly since 2010, and named one of the top 100 attorneys in Ohio by Ohio Super Lawyers magazine since 2010. He is also listed in AVVO with a Superb Rating and is listed and rated by the oldest and most respected attorney rating service, Martindale-Hubbell.
A number of media outlets have also sought out Mark to contribute insights on important public interest matters, including Channel 4 News, Channel 6 News, Good Day Columbus, Business First, and more.
Mark earned an undergraduate degree from Miami University and a law degree from Capital University Law School in Columbus, where he also received the Dean’s Award.
Filing for Bankruptcy in Columbus Ohio
Filing for bankruptcy may seem scary, but bankruptcy can be a big step towards getting out of debt and achieving a better financial future. When you’re unable to repay your debt, bankruptcy can allow you to legally reduce or eliminate your debt, lessening your financial burden. Filing bankruptcy when you’re in debt can stop wage garnishment, harassment from creditors, vehicle repossession, and foreclosure. It also gives you time to create a plan for paying back your debt. Filing bankruptcy may even improve your credit score in the long run.
While filing bankruptcy can be helpful, your financial situation may not require it. A bankruptcy lawyer at Jump Legal Group in Columbus will discuss your options and help you choose the best solution for your unique circumstances.
Types of Bankruptcy: Chapter 7 and 13 Bankruptcy
There are multiple types of bankruptcy, with chapter 7 bankruptcy and chapter 13 bankruptcy being the most common. A bankruptcy lawyer at our Columbus law firm will help determine which bankruptcy option is best for you.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is also called liquidation bankruptcy. This type of bankruptcy is typically meant for people who don’t have a high income and who have assets with market values that are exempt. With chapter 7 bankruptcy, you can wipe out certain types of debt and some tax debt at one time and don’t need to create a debt repayment plan. Chapter 7 bankruptcy allows you to keep your house, vehicle, retirement money, and college fund while eliminating credit card bills, medical bills, and judgements. It also stops garnishments, repossession, and foreclosure.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is typically meant for people with a steady income that’s too high to qualify for chapter 7 bankruptcy. Chapter 13 bankruptcy doesn’t include liquidation of property, and instead allows you to create a debt repayment plan to pay back the money you owe. With chapter 13 bankruptcy, you can keep your possessions, modify your car loan to reduce your monthly payments, and eliminate an underwater 2nd or 3rd mortgage. Chapter 13 bankruptcy also stops home foreclosure, car repossession, wage garnishment, and harassment from creditors.
Ohio Student Loan Solutions
There’s more than $1 trillion of student debt outstanding in the US. If you’re having trouble paying back your federal or private student loans, a lawyer from Jump Legal Group in Columbus can help you reduce or eliminate your debt without filing bankruptcy. We’ll start by evaluating your financial situation and loan status then provide a written analysis of the debt relief options you qualify for. Eligibility is based on factors like monthly income, type of loan, family size, and your profession. Your debt solutions may include debt consolidation, debt forgiveness, a lower monthly debt repayment plan, and more.
A lawyer will then discuss your options with you and implement the solution you choose. We’ll answer any questions you may have and work to make the legal process easier to understand. If you’re feeling overwhelmed by debt from student loans, schedule a free consultation with an attorney at Jump Legal Group.
Columbus Ohio Foreclosure Defense
If you owe money on your Columbus, Ohio house and a foreclosure seems inevitable, a Columbus bankruptcy attorney can show you all your options. For example, you may be able to modify your mortgage for longer terms, lower interest rates, or lower balances. Filing for chapter 7 bankruptcy or chapter 13 bankruptcy can temporarily prevent foreclosure, however bankruptcy isn’t always the best financial solution depending on your circumstances.
Fortunately, in the state of Ohio, there are several alternatives to filing bankruptcy. A home loan modification allows you to adjust the terms of an existing contract to make it easier to repay your debt. Plus, you can stay in your home. Another option is a short sale, where your house is sold to a third party for
less than what’s owed. Short sales don’t negatively impact your credit to the extent that foreclosures do. A deed in lieu, where you transfer your home’s deed to the bank in lieu of having to continue mortgage payments, allows you to skip an expensive foreclosure process, although you will have to move out. A strategic walkaway or cash for keys agreement allows you to skip foreclosure by agreeing to move out by a set date. In return, the lender will offer you money to help pay for relocation.
If foreclosure seems like the only solution, let an attorney at our practice evaluate your financial situation and show you all your debt relief options.
Stop Creditor Harassment in Columbus
Calls from creditors and debt collectors can make an already stressful situation worse. Our bankruptcy attorneys can help stop creditor harassment while you work to get out of debt. After filing for chapter 7 bankruptcy or chapter 13 bankruptcy, creditors must stop contacting you. If they continue even after you’ve filed bankruptcy, you can sue with assistance from a Jump Legal bankruptcy attorney. Filing chapter 7 bankruptcy or chapter 13 bankruptcy aren’t the only ways to stop creditor harassment, so schedule a free consultation with us to further discuss your options.
Need an Experienced Bankruptcy Attorney?
When your debt feels overwhelming and you need help getting back on your feet, contact Jump Legal Group in Columbus, Ohio. A bankruptcy attorney at our law firm will discuss your needs and determine the debt relief solutions that are right for you. Whether you’re considering filing for chapter 7 bankruptcy or chapter 13 bankruptcy, struggling with debt from student loans, are at risk of foreclosure, or just want creditors to leave you alone, a Jump Legal bankruptcy lawyer will help set you up for a stronger financial future.
Best Lawyers in America has included Jump Legal Group in its Best Law Firms list since 2013, and our practice has been named a Best Law Firm by U.S. News and World Report. When you work with us, you can trust that you’ll work with an experienced, professional bankruptcy attorney that has your best interests in mind. Let us help you on your bankruptcy or debt relief journey.
Contact Jump Legal Group in Columbus Ohio
When you’re ready to get out of debt, contact Jump Legal Group for a free consultation.