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Often people are not certain their rights under the U.S. Bankruptcy Code and specific laws and exemptions in the State of Ohio since the change in federal bankruptcy laws (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 - BAPCPA), which implemented the new "means test" making it more challenging to qualify for Chapter 7 (liquidation) “fresh start” bankruptcy.
While the laws make it more challenging to obtain Chapter 7 “fresh start” and Chapter 13 “debt repayment plan” relief, the bankruptcy attorneys at the Canton, Ohio office location in Belden Village Tower of Kenneth Sheppard, Jr. is experienced at helping individuals, families, and businesses to file bankruptcy or seek other debt relief options.
At your free initial consultation with a bankruptcy attorney, we will discuss the primary methods of handling your debt problems and help you to determine which method is best suited for handling your debt problems:
Remember that filing for bankruptcy gives you immediate relief by stopping harassment by creditors, and provides financial relief so that you can build a successful future for you and your family, without being overwhelmed by debt.
Frequently referred to as “fresh start” or “liquidation”, filing for Chapter 7 bankruptcy protection in Ohio will discharge all of a debtor’s unsecured debts. To be eligible to file for Chapter 7 bankruptcy in Columbus, Ohio you must qualify under the Means Test, as outlined in U.S. Bankruptcy code. In addition to the Means Test, there is an evaluation of your assets and equity, as well as a requirement to complete Debtor Education. Many people wonder what will be the cost of bankruptcy. Including filing fees and attorney fees, it typically costs about $1,500 to file for Chapter 7 bankruptcy.
If you don't qualify to file Chapter 7 bankruptcy under the means test, another option for debt relief is a structured debt repayment plan under Chapter 13 bankruptcy protection. Chapter 13 bankruptcy, which is often referred to as “debt reorganization”, provides a structured repayment plan for a set length of time (a typical chapter 13 bankruptcy plan lasts three to five years). After the completion of the plan, the debtor can expect discharge of remaining unsecured debts. Furthermore, a Chapter 13 bankruptcy repayment plan may be the best option for someone attempting to save property when they are currently past due on payments, such as a car or home mortgage payment. Filing chapter 13 may also help extend the repayment of certain tax and student loan debts.
Sheppard Law Offices
Canton, Ohio Office
Belden Village Tower, 200
Canton, Ohio 44718
Tel: (330) 409-2876
Columbus Ohio Office
2600 Tiller Lane, Suite A
Columbus, Ohio 43231
Tel: (614) 523-3106
Newark, Ohio Office
843 N. 21st Street, Suite 108
Newark, Ohio 43055
Tel: (740) 345-7138
Mt. Vernon, Ohio Office
11 West Gambier Street
Mt. Vernon, Ohio 43050
Tel: (740) 392-0404
We are a debt relief agency. We help people file for protection under the U.S. Bankruptcy Code.
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Sheppard Law Offices, LPA is conveniently located and serving chapter 7 and chapter 13 bankruptcy clients in Canton, Ohio. Our office is a short drive from throughout Stark, Tuscarawas, and Summit Counties. We regularly provide debt relief solutions to clients from Akron, Canton, North Canton, Massillon, Dover, New Philadelphia, Alliance, Navarre, Strasburg, Ballivor, Jackson Township, Canal Fulton, Barberton, Greenlawn, Medina, Wooster, Orrville, Dalton, Minerva, Ashland, Wadsworth, Carrollton, Dundee, Millersburg, Hartville, Doylestown, Green, Uniontown, Salem, Columbiana, Uniontown, and throughout Ohio.
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