Learn More About Filing for Chapter 13 Bankruptcy in Toledo, OH
Contrary to popular belief, Chapter 13 is a section of the United States Bankruptcy Code rather than an actual form of bankruptcy. It offers a dignified, honorable way for businesses and individuals to restructure their debts, stop the foreclosure of your home, and end your creditor’s actions to seize your property. Filing for this protection is a complex, so it’s in your best interest to seek guidance from knowledgeable legal counsel. Find out about filing for Chapter 13 bankruptcy in Toledo, OH, by turning to Barry & Feit, Attorneys at Law.
At our office, our seasoned team will work closely with you to gain a full understanding of your financial situation and determine the best way to help you repay unsecured debt. As your go-to bankruptcy attorney, our goal is to give our clients direction and guidance to help them forge a path toward a stronger financial future. When you turn to our bankruptcy law firm in need, you’ll receive the individualized attention you deserve as we work toward an effective debt relief solution.
Structuring Orderly Payment Plans
Successfully filing for Chapter 13 bankruptcy allows debtors to structure an agreeable remittance plan -- one which can last up to five years, and enables them to repay their creditors in full. If you are unable to repay in full, you may be permitted to pay a smaller percentage with the unpaid balance discharged or "wiped out" based on your unique circumstances.
When you have fallen behind on your mortgage payments, filing for Chapter 13 bankruptcy can help you tally past-due debts and start making payments directly to your mortgage company. In unique scenarios, the second mortgage or equity line on your property may also be removed. If your automobile has been repossessed, Chapter 13 may help you reclaim it before its sale to the bank or pay a lower interest rate on your automotive loan.
Whether you need help filing for Chapter 13 or Chapter 7 bankruptcy, our skilled legal team is here to provide you with practical solutions. We understand that speaking about your financial troubles can be awkward or embarrassing. That’s why we consider it our duty to treat those who turn to us with dignity and respect at a matter of course. Request a free bankruptcy consultation to allow us to assess your situation and start you on your path toward a more secure financial future today.
Contact our law firm to begin putting your personal or business finances in order. We proudly serve companies and individuals in Toledo, Perrysburg, Findlay, Bowling Green, and Fostoria, Ohio, and the surrounding areas.