As soon as you have decided that you are going to go bankrupt, the next thing that will have to be decided is whether you are going to qualify for a Chapter 13 bankruptcy or Chapter 7. Chapter 13 bankruptcy is quite a bit different from a Chapter 7.
With the Chapter 13 it is more of a repayment plan where you are able to meet your debt obligations without the current pressure that you are feeling from your financial situation at the moment.
There will be many forms that have to be filled out and these will vary from state to state according to their bankruptcy laws. With there being so many forms to fill out it is really important that they are filled out properly and accurately. Any of the forms that are not completed correctly could slow down the process of your bankruptcy action or even prevent you from completing it.
With the majority of the forms that you’re going to need to fill out for your Chapter 13 you are going to need some direction and assistance from an Ohio Bankruptcy Attorney.
Something else that you are going to have to file is a payment plan for which there is no official form. However, with the proper professional help you will be able to complete and meet to the requirements of your Chapter 13 bankruptcy.
This is a plan that is going to outline what you are going to pay to whom and in what period of time. This plan has to be approved by the courts, and once it is, it then becomes the most important point of your bankruptcy.
Contact us today for a free evaluation of your finances to see if you qualify for bankruptcy.