Bankruptcy

Debt has a way of taking hold until it soon becomes unmanageable. Life’s challenges make it harder to stay on top of multiplying debts. Setbacks such as job loss, foreclosure and devastating medical diagnoses can quickly unravel even the best-laid financial plans.

If you are in a similar situation, bankruptcy may be a smart decision. There is no need to continually live with the weight of debt you could never possibly pay back.

Consumer bankruptcy — specifically, Chapter 7 bankruptcy — is designed to get rid of burdensome debts. Once your slate is wiped clean, you can begin rebuilding financial stability without having debts hanging over your head.

It Won’t Cost You Anything To Find Out Whether You Qualify

Chapter 7 has income limits. To qualify, you must demonstrate that your income and assets do not exceed the legal threshold.

At The Law Firm of Fitzgerald, Reese & Elliott Co., we can help you determine whether you are eligible. Contact us to arrange a free initial consultation for your bankruptcy case.

What Kinds Of Debts Can You Erase?

Only certain unsecured debts can be eliminated in bankruptcy. Fortunately, the debts that can be discharged in bankruptcy are also those that tend to spiral out of control, such as:

• Credit card debt
• Medical bills
• Payday loans
• Unsecured personal loans
• Unpaid utility bills

After you successfully complete bankruptcy, these debts will no longer be enforceable. They will essentially be wiped away.

Other Options For Debt Relief

Sometimes, bankruptcy may not be the right choice. Alternatives such as loan modification may offer a better resolution for your situation.

When you meet with our attorneys, we will sit down with you and go through the details of your finances to help you pursue the right course of action.

To learn more, contact our lawyers in Lima, Ohio, at (419) 227-5858.

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