Chapter 13 Bankruptcy Attorney Columbus Ohio
Want to Know How to Get Rid of Your Debt?
Our bankruptcy attorneys in Columbus, Ohio, want to help you change your life. Financial stress can cause paralysis, and doing nothing may turn out to be catastrophic. Instead, speak with a bankruptcy attorney at Jump Legal. We are experienced, knowledgeable and discreet and can explain how bankruptcy may help you.
We Find Dignified Debt Solutions for People in Financial Trouble
Benefits of Chapter 13 Bankruptcy:
Protects Your Home from Foreclosure
Protects Your Car from Repossession
Protects Your Wages from Garnishment
Stops Debt Collectors from Harassing You
Allows You to Actually Eliminate an Underwater 2nd or 3rd Mortgage
Allows You to Create Future Equity in Your Home
We Can File Chapter 13 Bankruptcy for as Little as $310 Down!
Also known as a “reorganization” bankruptcy or a debt adjustment plan, with Chapter 13 you keep your property. Often used by individuals who have too high of an income level to qualify for Chapter 7, Chapter 13 can help people who are behind on their house or car payments. And while Chapter 13 requires a payment to a Trustee, it does not mean you must pay all of your debt back in full. To the contrary, most Chapter 13 plans only pay about ten percent (10%) of what is owed. As an example, someone who owes $50,000.00 of credit card debt may only be required to pay $5,000.00 – and will have five (5) years to do it.
With Chapter 13 you will have a monthly repayment schedule, using your income to pay off a portion of your debts over time. As pointed out above, Chapter 13 also eliminates debt because whatever you cannot afford to pay in your Chapter 13 will be wiped out once your plan completes through a discharge order.
Protect Your Home, Car and Other Assets with Chapter 13 Bankruptcy
Whether you need help getting caught up on your mortgage or you want to lower your car payments, no case is too small. All of your assets are protected in a court-protected Chapter 13 repayment plan, and your payment amount is based on your non-exempt assets and your income, after allowed expenses.
Eliminate Your Mortgage and Rebuild Equity in Your Home with Chapter 13 Bankruptcy!
Many people have 2nd mortgages, and these liens prevent the future appreciation of your home to result in any equity. Once these liens are removed, you will be able to start building equity in your home again. Many clients elect to file Chapter 13 in order to take advantage of this benefit.
Get a Financial Fresh Start!
We regularly assist clients in building successful plans. Working closely with you, our experienced legal team will help you put together a budget, value assets, characterize debts and more. All of this with one goal in mind – to eliminate as much debt as possible to provide you with a fresh financial start.
In a Chapter 13 bankruptcy, you will repay your debts through monthly payments that are spread out over three to five years and your repayment amount is based on your assets, your income and your expenses.
Frequently Asked Questions
Why file Chapter 13 Bankruptcy for your debt?
Should I still file Chapter 13 even though I qualify for Chapter 7?
I am having trouble paying my mortgage payments. If I file Chapter 13, will I be able to keep my home?
I have an overwhelming amount of debt. I know my income is too high to qualify for Chapter 7 Bankruptcy, but is my income also too high to file for Chapter 13 Bankruptcy in Ohio?
Is Chapter 13 the type of bankruptcy that is also referred to as "Reorganization Bankruptcy?"
Am I allowed to repay some of my creditors and to choose to not repay others under Chapter 13?
I’m nervous about committing to a Chapter 13 repayment plan. what if, during the course of my Chapter 13 repayment plan, I lose my job or my income is reduced and I can no longer pay the amount that I am required to pay?
It is very important to contact your attorney if you ever expect to miss a payment, for any reason.
If I file for Chapter 13, will I have any money left over each month after I make my payment to the trustee? what about money for emergencies such as unexpected medical expenses or car repairs?
I might be able to qualify for Chapter 7, but I think that Chapter 13 may be a better option for me. how do I know which type of bankruptcy that I should file?
Contact one of our law offices to schedule a free consultation with an attorney.
Would you like to read more FAQs on bankruptcy, debt settlement and mortgage loan modification (stopping foreclosure)?
As Chapter 13 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.