Bankruptcy Law

Ashland/Mansfield Bankruptcy Lawyer Holds off Your Creditors

Answering your questions about Chapter 7 and Chapter 13

Whether you’re eligible for bankruptcy protection under Chapter 7 or Chapter 13 depends largely on the size of your assets and debts. While there are other types of bankruptcy, most individuals seek protection under either Chapter 7 or Chapter 13.

Rebecca Hockenberry, the bankruptcy attorney at Hockenberry Law Office LLC, focuses her practice on Chapter 7 and Chapter 13. She provides clients with compassionate representation at an important crossroad in their lives.

Why file for bankruptcy?

If you are overwhelmed by your debts, it may be time to ask a bankruptcy court to give you a new start. Whether you find yourself in debt because of a medical issues, job loss or family crisis, we help you find a path to get back on your feet. A bankruptcy proceeding can shield you from some of the consequences of money troubles by:

  • Halting a foreclosure
  • Halting wage garnishment
  • Halting repossessions
  • Preventing a creditor from seizing exempt property, such as your home
  • Putting an end to creditor harassment

We evaluate your situation and recommend a strategy for making a fresh start. We assist clients in Columbus, Mansfield, Ashland and throughout Ohio.

How long does the bankruptcy process take?

If you file under Chapter 7, your case may wrap up in less than six months. Under Chapter 13, you will have a repayment plan that lasts from three to five years. Under either chapter, our clients’ cases generally proceed in the following manner:

  • You meet with bankruptcy attorney Rebecca Hockenberry.
  • You provide requested financial information to our office.
  • You complete an approved debt counseling course.
  • We prepare your petition and the accompanying schedules for your review.
  • After your review, we file the petition and schedules with the U.S. Bankruptcy Court for the Northern or Southern District of Ohio.
  • Once the petition is filed, you get a case number, which you can give to any creditors who may call you before they receive notice of your bankruptcy petition.
  • After your bankruptcy petition is filed, you must complete an approved financial management course.
  • Your case is set for a meeting of the creditors within four to six weeks (sometimes referred to as the Section 341 hearing).
  • If there are no objections to discharge, the court will issue an Order of Discharge within 60 to 90 days after the meeting of creditors.
  • In a Chapter 13 case, the Court will issue the Order of Discharge after you complete all plan payments and the financial management course.

For answers to more specific debt relief questions call our office today and schedule a consultation today.

How will bankruptcy affect my credit?

Bankruptcies remain on credit reports from seven to 10 years. Recent events weigh more heavily against you than events that happened years ago. This means your credit score may dip in the short term when you file for bankruptcy, but you can build your score back by managing your money and your credit wisely in the near future. Deciding to declare bankruptcy is a serious decision that should only be undertaken with a full understanding of your options and their consequences. An experienced bankruptcy attorney can assist you in making this decision.

Call our Ashland/Mansfield bankruptcy lawyer for a free consultation

Hockenberry Law Office, LLC represents bankruptcy clients throughout Ohio. Our office is open from 9 a.m. to 5 p.m., Monday through Friday, with after-hours appointments available as needed. Call us at (567) 560-2095 or contact us online to arrange a free consultation.

 

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