Your unemployment benefits might not be enough to pay for housing, insurance, groceries, and other expenses. Now, to make matters worse, you’ve received a letter telling you the state overpaid you and wants its money back. The COVID-19 pandemic forced many people out of work for months, causing tremendous financial hardship. If you are in debt and considering bankruptcy, please keep reading to find out if you can discharge unemployment Read More
Whether you’re deep in debt or struggling to stay up with bills, there’s a solution to your financial situation. The Cleveland Bankruptcy attorneys have the knowledge and experience to fight for your best interest. Contact a Cleveland Bankruptcy attorney today to discuss your options at (216) 586-6600.
How Much Does a Bankruptcy Attorney Cost?
A 2016 study revealed that the average national average cost for a Chapter 7 case was $1,450 and $3,000 for a Chapter 13. But these averages can shift dramatically based on various factors. Some of these are discussed below. Bankruptcy Fees Bankruptcy is not automatically free. Generally, it requires a filing fee. You’ll want to look up the fee schedule for the court where you’re filing for bankruptcy. In Ohio, Read More
Can Criminal Fines Be Discharged in Bankruptcy?
No one decides on bankruptcy because of one over-due bill. Instead, most people are behind on numerous debts, including their mortgage or rent, auto loan, credit cards, student loans, taxes, and in some cases, restitution, criminal fines, and court fees. You must understand what is and is not dischargeable in bankruptcy, especially if you’re weighed down by certain fines based on a past criminal conviction. While bankruptcy may still be Read More
Is Student Loan Discharge in Bankruptcy Possible?
You’ve probably resigned yourself to paying your student loans for decades. No matter how bad your financial situation, you know they aren’t going away. Bankruptcy can help with a credit card, medical, mortgage, and other debts, but not with student loans. Historically, private and federal student loans can’t be canceled by bankruptcy. That could all be changing, though. A few court decisions have recently made it clear that there are Read More
How To Qualify for a Mortgage After Chapter 7 Bankruptcy
You have made it through Chapter 7 bankruptcy. Congratulations! You discharged your debt and have as clean a slate as you can get. Now, you want to move on with your new financial life – perhaps even buy a home. But how do you qualify for a mortgage loan after Chapter 7 bankruptcy? Despite what many people assume, your dream of becoming a homeowner does not have to die when Read More
Why Car Insurance is Important During Chapter 13 Bankruptcy
Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. Your monthly payments will depend on your income since the plan is income-based, and while Chapter 13 can put you on the right financial path, it typically means making sacrifices in the short term. One of the most common things people scale back on is making their car insurance payments. This Read More
How to File Bankruptcy When You’re Self-Employed
It can be incredibly rewarding to own your own business. It can also be costly – between marketing, payroll, and other overhead, you may find yourself struggling. Add to that a couple of months where profits didn’t meet expectations, and you’re probably looking at significant debt. You may be weighing your options. While it’s possible to file bankruptcy when you’re self-employed or an independent contractor, it gets complicated when the Read More
Is Filing for Chapter 7 Bankruptcy Right for You?
Deciding whether or not to file for bankruptcy is a struggle for many. The idea of getting all your debts eliminated is appealing, but, bankruptcy makes people nervous. Chapter 7 bankruptcy in particular can be intimidating because many people believe it will ruin your credit forever. And while any bankruptcy affects your credit, you may find Chapter 7 gives you a new beginning, rather than an ending. Below are some Read More
Ohio Bankruptcy FAQ: What Is a Means Test?
There are two types of personal bankruptcy available – Chapter 7 and Chapter 13. Both have benefits depending on your situation and need. Chapter 13 creates a payment plan so it is easier to pay off at least portions of your debts in three to five years. Chapter 7 totally wipes away your debts and gives you a clean slate after selling off certain assets. The catch to Chapter 7 Read More
How Often Can You File for Bankruptcy in Ohio?
People suffering under too much debt often choose to file for bankruptcy to get a fresh start. But what happens if you suffer additional setbacks, acquire more debt, and need additional help? Can you file for bankruptcy more than once in Ohio? If you have questions about bankruptcy and how often you can file, contact the experienced Cleveland Bankruptcy Attorneys. We will work with you to determine your best options. Read More