Cleveland Bankruptcy Attorney
Feeling trapped and alone with piles of bills? We know the feeling because we've
helped hundreds of clients file for bankruptcy in Cleveland, Ohio. Our specialty
is to help you get out of debt through either Bankruptcy Chapter 13 or Bankruptcy Chapter 7.
With our extensive knowledge of Bankruptcy filings, we can deliver a better service
than any other attorney.
If you can't pay your creditors, then you must file for bankruptcy, here are the two main
options you have as a business or individual seeking debt relief. Chapter 7 Bankruptcy is the basic liquidation for your or your business'
assets. It's also known as a straight bankruptcy. You surrender all non-exempt property to a bankruptcy trustee who then liquidates
the property and distributes the proceeds to your unsecured creditors.Chapter 13 Bankruptcy approaches the debt proglem
like a rehabilitiation program, with an affordable payment plan for individuals with a steady source of income. This enables you
to develop a plan and repay all or part of the debt. It's also known as Wage Earner Bankruptcy.
What is next? Once you have determined which type of bankruptcy you'd like to file, please use the contact
form on the right side of the page to contact a bankruptcy attorney in Cleveland. Stop trying to stay afloat with all this weight,
let our professional bankruptcy service help you and your family get through these difficult times.
What Other Types of Bankruptcy Are There? There are a total of six types of bankruptcy under the Bankruptcy Code,
located at the Title 11 of the United States Code. The two most commonly used are listed above, which are Chapter 7 and Chapter 13. The next
few are the other types that are also used in specific circumstances. Chapter 9 Bankruptcy is also called Municipal Bankruptcy, because it's only used as a federal mechanism
for the resolution of municipal debts. Chapter 11 Bankruptcy is mostly used as rehabilitation or reorganization of businesses that have substantial debts and assets. It can also be used for individuals with the
same qualities. It's known as a corporate bankruptcy, which allows the business to continue operating while they follow debt repayment plans.
Chapter 12 Bankruptcy is for the rehabilitation of family farmers and fishermen. And finally, Chapter 15 Bankruptcy which allows foreign companies and individuals to clear debts
Contact us today for a Legal Consultation