If you are struggling under a growing pile of debts and don’t know where to turn, contact a bankruptcy attorney. When you are facing mounting credit card bills, medical expenses, mortgage payments, and loans, you may feel overwhelmed and stressed. When you can’t pay in full each month, interest charges start to rack up and make it even more difficult to make a dent in your debt. Don’t climb this uphill battle alone. There are steps you can take with the help of a knowledgeable bankruptcy attorney to either wipe out or restructure your debts. Let the attorneys at Rauser & Associates Legal Clinic in Toledo help you get back on your feet and on your way to financial freedom.
Rauser & Associates bankruptcy attorneys can help you determine the chapter of bankruptcy best suited for your specific debts and future financial goals. Call our office in Toledo today for a consultation.
Chapters of Consumer Bankruptcy in Toledo
When you are an individual facing bankruptcy, there are typically two chapters in which you can file: Chapter 13 and Chapter 7. Your bankruptcy attorney can help you determine which chapter is best for you.
Chapter 13
Typically, if you have assets and reliable income, you will restructure your debts through Chapter 13 and enter a repayment plan. This is a great option if you have a home or other valuable assets you would like to keep. The repayment plan typically lasts between three and five years.
Chapter 7
If you have few assets and do not have steady or reliable income, you may consider filing in Chapter 7. Debts are liquidated in Chapter 7, giving you a clean slate on which to rebuild your credit. Chapter 7 is much quicker, with most debts discharged within six months of filing.
How a Bankruptcy Attorney Can Help
It may be tempting to file for bankruptcy on your own, but the process can be confusing and frustrating for those without legal knowledge. Using a trusted bankruptcy attorney to help you file and follow up on the state of your debts can help make the process stress-free. Complicated legal documents need to be completed and, in some cases, approved by a judge. The bankruptcy attorneys at Rauser & Associates Legal Clinic know the ins and outs of bankruptcy law and are here to help you file with ease.
Contact a Bankruptcy Attorney in Toledo Today
If you are in debt in Ohio and need a way out, call Rauser & Associates Legal Clinic in Toledo. Our bankruptcy attorneys are waiting for your call. Call today.
