Do you need to get rid of debt?
If you need to get rid of debt in Columbus, Ohio, take the first step and speak with a bankruptcy attorney at Jump Legal Group. Imagine how peacefully you will sleep knowing that your debt is under control. No more annoying creditors calling at all hours of the day. No more worrying about which bill to pay next. It’s time to change your life, and we can help!
Chapter 7 bankruptcy, also known as “straight” or “liquidation” bankruptcy, enables you to eliminate some – or all – of your debt at one time. Our bankruptcy lawyers work closely with you to help you understand your options and your rights provided by the Bankruptcy Code.
Is filing Chapter 7 bankruptcy the right choice for you?
Chapter 7 bankruptcy gives you a fresh start and creates the foundation for a solid financial future. With no monthly repayment required you can wipe out credit card debt, medical bills, taxes, home and automobile debt. Plus, the actual amount of debt is not the determining factor for eligibility.
Worried about how Chapter 7 bankruptcy will affect your credit?
If you’re worried that your credit will suffer if you claim bankruptcy, remember: it’s better than doing nothing to fix your current situation. Plus, if you’re behind on your bills, your credit is probably already bad.
With Chapter 7, you get to start over and begin rebuilding your credit immediately after you receive a discharge. You may be able to improve your credit faster than if you don’t file bankruptcy.
Common Chapter 7 Bankruptcy Questions Include:
- Can I eliminate my medical debt?
- Will I lose my house?
- Will I lose my car?
- Will this affect my spouse’s credit?
Our legal team can answer these questions – and more! Knowledge is power, and you will leave our office feeling better than when you arrived. Our law firm works for you to give you back your life through debt relief.
Want to know if you qualify for Chapter 7 bankruptcy?
Eligibility for Chapter 7 bankruptcy is based on income, including past income over the last six (6) months and projected future income, expenses, and family size.
The first step in figuring out if you qualify for Chapter 7 bankruptcy is to take a look at your gross income from the past six (6) months. This will determine if you and your family are above or below the median income. The median income for Ohio residents is as follows:
Don’t make the mistake of filing for bankruptcy alone; speak with an attorney today.
If you are considering filing for Chapter 7 bankruptcy by yourself, think again! Instead of trying to figure out how federal and state laws apply to your case, let the attorneys at Jump Legal do it for you. Located in Columbus, Ohio, we are a bankruptcy law firm with the experience to ensure your home and car are protected and your debts are eliminated.
No hidden legal fees!
You will know all of your costs upfront. Why is this so important? Many firms advertise low Chapter 7 fees to attract naïve clients only to add on additional fees after the case is filed. Make sure you ask about pricing as you research attorneys and law firms. At Jump Legal, your initial consultation is free. We will evaluate your case and then let you know the cost for representing you and filing your case.
In addition to our honest and upfront pricing, we won’t bill you for separate services such as composing a reaffirmation agreement or fielding harassing creditor calls. Our attorneys know that these services are often part of the process and we are willing and able to take care of them and alleviate stress from you and your family.
Chapter 7 Bankruptcy Frequently Asked Questions
If I file Chapter 7 bankruptcy will all of my property be liquidated?
Not necessarily. In fact, it is very unusual to lose any property. You will be able to retain certain exempt property and you will only lose the assets that are not encumbered by liens (for example, a mortgage on a home) and that are not protected by exemptions. The starting point is the fair market value of your asset, less the amount owed and your exemption.
There are exemptions for all types of property. Note that even though bankruptcy is a part of the federal court system and is based largely on federal law, many states, including Ohio, are “opt out” states. This means Ohio uses its own exemptions. So, you may come across different exemptions under the Bankruptcy Code itself that would not apply to Ohio filers.
Clients who have assets in excess of the allowable exemptions for Ohio would typically choose to file Chapter 13, rather than a Chapter 7, in order to protect those assets. Watch our video on Chapter 7 bankruptcy.
Is Chapter 7 bankruptcy the type of bankruptcy that is called “fresh start” bankruptcy?
Yes. Many people refer to Chapter 7 bankruptcy as “fresh start bankruptcy” because the filer is not required to repay his or her unsecured debts. A Chapter 7 bankruptcy discharge “wipes out” unsecured debt like credit cards, medical bills, judgments, repossession, even some old taxes and gives the filing consumer what is called a fresh financial start.
However, there are a few debts, such as child support, student loans, under water 2nd and 3rd mortgages, and recent taxes, that are not dischargeable in bankruptcy. Contact our office for a complete list of debts that are not dischargeable in a Chapter 7 filing in Ohio.
How much does it cost to hire an attorney to help me file Chapter 7 bankruptcy?
At Jump Legal there are no hidden fees. During your free initial consultation with one of our bankruptcy attorneys, we will evaluate your case and then let you know the cost for representing you and filing your case. Remember, your first office meeting with an attorney is free!
We also offer payment plans to help with legal fees; however, we will begin representation immediately.
Is filing Chapter 7 bankruptcy the right choice for me?
To find out if Chapter 7 bankruptcy is the best solution for you schedule a free consultation with one of our attorneys. We have law offices conveniently located in Columbus, Cincinnati, Dayton and Cleveland, Ohio. Our attorneys take appointments Monday through Saturday.
What happens during my consultation?
During your consultation, an experienced bankruptcy attorney will evaluate your entire financial situation. He or she will look at your income, your debts and your goals. The attorney will then make recommendations on your best options for resolving your debt problems. Most importantly, we will treat you with respect and dignity. We understand how difficult it is to have the courage to visit an attorney’s office. You will leave your first meeting relieved and full of hope.
Each attorney in our law firm handles a full range of debt resolution options including debt settlement, Chapter 7 bankruptcy, Chapter 13 bankruptcy and mortgage loan modifications.
As Chapter 7 bankruptcy attorneys in Columbus, Ohio, we can help you change your life. If you are ready to change your financial future, contact us today to start the process. Schedule a free initial consultation; you will always speak with an attorney and all communications remain confidential. There are no hidden costs and we quote all fees upfront.