Chapter 13 Bankruptcy
Canton, Ohio, Chapter 13 Bankruptcy Lawyer
If your debts are out of control, but your income and assets are "too high" for you to qualify for Chapter 7 bankruptcy (debt discharge), then Chapter 13 bankruptcy might be right for you. In a Chapter 13 bankruptcy, you will pay back all or part of what you owe, but with payments that you can afford. In some cases, your debts will be reduced and interest rates will be reduced or eliminated over a two-to-five year repayment period.
The first step to take if you are considering bankruptcy is to talk to an attorney who can put your mind at ease and guide you through the process:
- Determine whether bankruptcy is the most appropriate answer in your situation or whether there may be another way to resolve your debts when collectors keep calling.
- Determine your total debts, assets and income.
- Decide how to best handle your home and car ownership and payments in a Chapter 13 bankruptcy.
Inquire at the law offices of Caplea & Variola Co., LPA, in Canton, Ohio, to determine whether a Chapter 13 bankruptcy is right for you. Stop foreclosure. Stop collections. Keep your assets. Repay your debts at a rate that you can afford. Put your finances in order and move forward with hope.
Chapter 13 might be more appropriate for you than Chapter 7 bankruptcy if you:
- Own too much home equity
- Have too high an income
Since you are thinking about bankruptcy, chances are something else is going on in your life: death of your wage-earning spouse, divorce, skyrocketing medical costs or real estate troubles. Caplea & Variola Co., LPA, is experienced and qualified to help you with these other legal issues as well as your bankruptcy.
