Sharonville Bankruptcy Attorney
Trusted Chapter 7 and Chapter 13 Bankruptcy Attorney in Sharonville, Ohio
Bankruptcy is a process that most people want to avoid, but if it’s the right choice for you, and it is for many, you need the best counsel you can find. There are many perils to getting it wrong, either by trying to do it yourself or by hiring the wrong attorney.
You may know folks who should have filed bankruptcy but refused to, for many reasons. Now they’re stuck with debts they cannot pay off. They face major repercussions (such as garnished wages). They may be financially ruined.
If you are considering bankruptcy, it is time to get help from an experienced lawyer who can guide you through the process and make sure that all your debts will be dealt with correctly.
Preferably, you’ll want to use a board certified specialist. But even this is not enough, since bankruptcy attorneys are normally not trained in non-bankruptcy options. So, ideally, your attorney should be a certified debt arbitrator as well.
Richard West is both a board certified consumer bankruptcy specialist, and a certified debt arbitrator who can help you to understand the pros and cons of al your options, so you’ll be confident you’ve made the right choice.
Filing for bankruptcy is a complicated process. Not all attorneys will even attempt it. It is truly a specialty practice. If you try to do this all on your own, you can expect problems. You don’t try to cure serious illnesses yourself. Don’t try to file bankruptcy yourself either. Like your health, it’s too important to take chances.
Over 30 Years Fighting Credit Card Predators
Why You Should Hire A Sharonville Bankruptcy Attorney
You are not alone. Many people in Sharonville Ohio need an experienced bankruptcy lawyer to help them get control over their finances. The perfect time to get this squared away is before the bills mount up and overwhelm you.
If you need surgery, why would you get it done with drug store remedies? If bankruptcy is what you need then invest in getting the best for your needs.
If you are facing the reality of filing for personal bankruptcy, you need a professional who can guide you through your options and help you reach a decision.
Getting a good bankruptcy lawyer is important because you might be surprised by how Chapter 13 bankruptcy offers more advantages than Chapter 7 bankruptcy!
When hiring a bankruptcy lawyer, make sure that they have experience in both Chapter 7 and Chapter 13.
You may be missing out on thousands of dollars saved if you just hire someone who doesn’t know about all the options.
By Filing for Bankruptcy Relief in Sharonville You Can
Wipe Out Debt, Keep Your Property & Rebuild Your Credit
Are you a Sharonville, Ohio resident who is burdened with debt? Start here for an explanation on Bankruptcy options.
Chapter 7 Bankruptcy
Personal Chapter 7 Bankruptcy Attorney
If you are one of the millions of people who are facing overwhelming debts, you may be considering filing bankruptcy. You may need a fresh start, or you might simply want to eliminate your credit card bills and get out from under payments that seem to grow every month. Whichever it is , there are several options for debt relief.
Chapter 7 bankruptcy is the simplest and most common type, in which all or most of your entire debt load is eliminated. Chapter 7’s simplicity can make it more attractive than Chapter 13 for some people, but you should know that filing a Chapter 7 may not give you the best results.
Your attorney, who should be a board certified specialist, would need to compare both Chapter 7 and Chapter 13 to see which is best for you.
Chapter 7 bankruptcy is best known by its nickname, “fresh start” or “straight bankruptcy.” It can be very beneficial for some people, often in ways that they don’t expect.
Chapter 7 bankruptcy provides a fresh start by eliminating all or most of your debt. This includes credit card bills, medical bills, and unsecured loans.
If you are considering filing Chapter 7 bankruptcy, it’s crucial to consult with a lawyer who has many years of experience with this type of debt relief . A bankruptcy specialist can make sure that you understand the pros and cons of filing vs. non-filing options.
The benefits of filing for bankruptcy go beyond simply eliminating debt. Filing Chapter 7 bankruptcy can provide the perfect starting point for rebuilding credit. At West Law Office, we have a proven program to help you get a 650 – 700 credit score within one year of your discharge if you file for Chapter 7 bankruptcy.
Chapter 13 Bankruptcy
Personal Chapter 13 Bankruptcy
Chapter 13 bankruptcy can help you save your home from foreclosure. Saving a home from foreclosure is the most common reason for filing chapter 13 bankruptcy. In fact, there are about 6.1 million homes in foreclosure right now.
Chapter 13 bankruptcy can help stop a foreclosure and get you back on your feet financially. Once you file for chapter 13 bankruptcy, your plan will last 3-5 years and allow you to make regular payments again.
With that plan, you can stop a foreclosure and catch up on your mortgage payments. Your home will be saved! You’ll save much more than just your home – chapter 13 bankruptcy stops wage garnishment too.
Being sued? Worried about collections? Filing for chapter 13 bankruptcy is one of the best ways to put an end to those wage garnishments, and protect your assets.
Chapter 13 bankruptcy protects your car from repossession. If you keep making your payments on time your creditors cannot take away your car through repossession even though you have fallen behind. And, you could end up paying a lot less for the car than you owe for it.
Basically chapter 13 bankruptcy allows you to pay an affordable amount to your creditors. Even if it’s only a penny on the dollar, as many of our plans do pay that little.
Many Chapter 13 plans are better than Chapter 7 plans, because they allow you to spread out payments for up to 5 years, and can lower the interest rate you pay on your car to about 5%. This may save you hundreds of dollars per month, compared to a Chapter 7 bankruptcy.
Debt Settlement & Debt Negotiation
What is Debt Settlement ?
Debt settlement is the process of negotiating with your creditors to forgive as much debt as possible. The idea behind debt settlement is that once you have negotiated a settlement with your creditors, the creditor will write off or waive some amount of the remaining balance on your credit card account. In lieu of receiving payment, the creditor agrees to just cancel part or all of the debt. The portion of your debt that may be cancelled or waived by your creditors will be treated as income to you by the IRS. You will owe taxes on it, even though you did not get any money.
The Risks of Debt Settlement – It May Not Work
It may surprise you to learn that some people who undertake a debt settlement program will not have any of their debts settled by the end of the program. A recent study by GRS found that 60% of consumers attempting repayment plan programs did NOT succeed in having any their debts eliminated as promised under those plans
When to Consider Debt Settlement
If you have exhausted all other options and are deeply in debt, you may choose to consider a debt settlement program before making the decision to file bankruptcy. Many do, and many of these regret it, as they end up wasting precious time and money a failed attempt to resolve debt without filing bankruptcy.
There is a lot of bad information out there on the Internet about how to go about Debt Settlement. Many unscrupulous companies are looking to take advantage of people who are desperate with bad information. Get advice from the right sources, and before you sign up for any debt settlement program is essential
Final Thoughts on the Dangers of Debt Settlement
Debt settlement is a process by which you pay off your creditors less than what you owe them in exchange for ceasing collection actions against you. Sounds great, right? Well, it’s not as simple as it sounds. If you have any past due balances, they will be wiped out in bankruptcy-but if you go into a debt settlement program, your credit rating is likely to suffer and that could make future borrowing more difficult. You should also know how to choose a lawyer for your case and other options for managing credit card debt like bankruptcy! Often, bankruptcy is the better option.
The Cost of A Sharonville Bankruptcy Attorney
Choosing the right bankruptcy lawyer to work on your case is an important decision. Cost is a factor, but certainly not the most important one. Hiring the right attorney is an investment in your financial future. Whether you are trying to save some cash now, or already regretting a decision that you tried to make cheap earlier today, remember that just because something is cheaper doesn’t mean it always works out
When it comes to hiring a bankruptcy lawyer, getting the cheapest option will likely cost you extra in the long-run.
At Richard West Law Office, we understand the hardship that bankruptcy can cause. Your budget conditions are not what make you ineligible for our services. Our attorneys have more than 55 years of combined experience. This allows us to offer a broad range of solutions and a strategic approach to your case at an affordable rate with no upfront costs on your part or use of complicated fee structures.
We don’t view your case as a means of making money for our firm. We are motivated by our sincere desire to help you get out of debt and get the results you are looking for. Our lawyers work hard to earn your trust and provide you with straightforward advice that puts your best interests in mind throughout every step of the process.
Source of Debt in Sharonville
According to a recent CNBC article, almost one third of families today have some kind of medical bills. Almost three in ten (28%) of these families are carrying debts more than 10,000 dollars on account! If you have medical debt that is making it difficult or impossible to meet your living expenses you are not alone. Even having insurance does not guarantee that you will not have medical debt.
The majority of America’s young people struggle to repay their student loans, and this disproportionately affects those in the Sharonville Ohio area. While bankruptcy is not a solution for most student loan debt, getting rid of other debt may mean that you are able to tackle the student loans more effectively.
Credit cards are a part of our lives and always will be. But we can fall into trouble with them easily and quickly, even if we think otherwise. The fact is that credit has never been easier to get! In order to protect ourselves from getting in over our heads, make sure you only have one or two credit cards on the account at any
The American Dream is for many home ownership. Interest rates are historic lows. However, housing costs are skyrocketing and new homebuyers often overlook the additional expenses which can quickly lead to an un-affordable mortgage with no backup funds.
Many creditors are turning delinquent accounts over to law firms for collection. As a result, these lawsuits have become uncomfortably commonplace in the U.S., and once filed, there is almost no chance of walking away intact. And, even if they don’t collect from you, they will “park” the debt on your credit report, ruining your credit, and making future credit impossible to get.
Sources of Debt
What They Can Do To You
What They Can Cause
PROTECT YOURSELF FROM CREDITORS
If you’re facing a debt problem, don’t give up hope. Most, if not all of your debts can be resolved through bankruptcy protection.
Debt problems are deeply personal, and you may feel that your financial future has been lost. I felt that way once myself. Having debts you cannot pay can ruin your emotional stability as well as affect the quality of life you lead. Calling us for a free consultation. You’ll be glad you did. The call is free but the peace of mind you’ll get is priceless.
Types of Debts Discharged in Bankruptcy
Common debts discharged in bankruptcy
When you file for bankruptcy, most of your debt is cleared. Here are the main debts that aren’t automatically erased by bankruptcy:
Taxes – although some older taxes may be dischargable.
Credit card debt – Credit card debt is one of the top reasons we file for Chapter 7 or Chapter 13 bankruptcy.
One thing you have probably paid the credit card companies more for than what you had charged is due to high interest rates, late fees and over-limit fee. Bankruptcy evens the score and you can get new credit cards.
Medical bills – Another leading cause of bankruptcy is unpaid medical bills. Even with health insurance, high deductibles can make any medical situation a financial disaster.
Filing bankruptcy on medical debt is common, and often necessary for many. But don’t worry – you’ll always be able to go to the emergency room if needed. And my clients report no problems getting established with different doctors if they have no choice but to discharge debt owed to one medical practice.
Personal loans – Personal loans are a huge issue in America. Finance companies like One Main, Mariner, and Tracir make getting into impossible debt situations easier than ever by providing easy access to quick cash.
Fortunately, these personal loans can be discharged in bankruptcy.
Cash advance loans – One common type of debt we wipe out in bankruptcy is an advance loan. These loans usually have much higher interest than other credit cards and are taken out without regard for the ability to repay.
Debts related to a cash advance loan will be discharged in bankruptcy even if you sign an application that states you won’t file for bankruptcy.
Foreclosure and repossession deficiencies – When bankruptcy is filed and the debts are discharged, you will not owe balances on foreclosed or repossessed homes. Further, these debts would typically be removed from your credit report, which will show a zero balance for all debts discharged, greatly improving your “debt to income” ratio.
Filing bankruptcy can get these debts removed due to some creditors being very aggressive.
Chapter 7 and Chapter 13 can protect you from hostile collection tactics.
Rebuild Your Credit
Most people think that filing for bankruptcy will stop them from having any credit or a bad credit score, when in reality they just don’t know the necessary steps to take after filing bankruptcy.
Since I am a certified credit counselor, and had to rebuild my own credit after I went insolvent, I have created a very effective, yet easy to follow plan to quickly rebuild your credit after discharging debt in bankruptcy.
Wiping the slate clean is a great way to start building credit after bankruptcy. However, you cannot do it alone. Fortunately our firm has an effective program that will help lead you step-by-step to rebuild your credit and have an amazing future.
Most of my clients, and virtually all of them who follow this simple program achieve FICO scores between 650-700 a year after their bankruptcy. These results are typical.
How to Choose A Bankruptcy Attorney in Sharonville
One should always be careful to find a bankruptcy lawyer near them. Cheap bankruptcy lawyers in Sharonville can specialize in “bankruptcy mills” that trick unsuspecting clients into thinking they save money only to later realize the case is more expensive than if you were represented by an experienced Sharonville Bankruptcy Lawyer who knows what they are doing and charges appropriately for their services as opposed to bait-and-switch tactics which often come with steep prices.
At Richard West Law Office we provide affordable bankruptcy services backed by over 30 years of experience.
How a Sharonville Bankruptcy Attorney Can Help.
You can trust our 35 years of experience. Just check out the hundreds of online reviews.
Being in debt in Sharonville Ohio is no way to live. If you live in Sharonville, you will file your bankruptcy case in the Cincinnati Bankruptcy Court.
While there are many attorneys near Sharonville, there are only two board certified consumer bankruptcy specialists, recognized by the Ohio Supreme Court, and one of them is Richard West, who is certified by the American Board of Certification.
But, because there are many options for debt relief, including debt arbitration, Richard West will examine this option for you as well. He knows that sometimes NOT filing bankruptcy is best. He is also a certified debt specialist, and has helped many to become debt free without filing bankruptcy.
When your financial problems demand Chapter 7 bankruptcy or Chapter 13 bankruptcy in Sharonville Ohio, or just a consultation to explore your options, depend on a specialist.
Someone who actually specializes in your kind of problem. An attorney who is certified and experienced in ALL forms of debt relief.
This nothing more than common sense. Serious problems call for serious solutions.
The choices you make now will have far-reaching impact, probably for years into your future. You are investing in yourself, and your future, when you think it through and choose to get the best advice you can.
Get this right, the first time. Get the best counselor and attorney in Sharonville Ohio for your needs. Call us at (513) 729-9760 or use our bankruptcy evaluation form to schedule a free consultation.
We Service the Following Cities and Communities near Sharonville, Ohio.
Ready? Get on the Road to Bankruptcy Recovery
We are still open for remote filings in Sharonville and remote consultations during the pandemic. All consultations are free and there is no catch. We only work with clients who want to work with us. Nothing high-pressure. We look forward to assisting you.