Effective Debt Relief Is Within Reach, Even If You Have Valuable Assets To Protect
At Goering & Goering, LLC, we understand that anyone can accumulate too much debt, but please do not assume that you make too much money or have the wrong type of debt to qualify for debt relief through filing for bankruptcy. For many people who earn a solid income, but have fallen behind on mortgage payments and other obligations, Chapter 13 bankruptcy – sometimes called individual reorganization – is the best answer.
Our experienced bankruptcy attorneys have been providing clear, honest counsel to people with debt problems for more than 50 years. In fact, firm founder Robert A. Goering filed the very first Chapter 13 case in Cincinnati, Ohio. Today, our team of accomplished lawyers continues to offer the utmost in personal service and consistently helps our clients make sound decisions about bankruptcy.
If you don’t qualify for a Chapter 7 “total” bankruptcy, or you want to stop a foreclosure and keep your house, Chapter 13 bankruptcy may well be the best path. As experienced bankruptcy lawyers we there are a lot of benefits of filing for Chapter 13 bankruptcy, such as it allows you to keep all your assets and possessions while making manageable monthly payments to a bankruptcy trustee over a three-to-five-year period, it will stop foreclosure proceedings and any other pending creditor actions against you and it can eliminate substantial portions of unsecured debts and gain the time you need to address debts that cannot be discharged – such as past-due taxes, child support, or student loans
If making mortgage payments is your greatest concern, you should know that some second mortgages no longer backed by the house’s market value can be discharged entirely through Chapter 13 filings.
What Is The Difference Between Chapter 7 And 13 Bankruptcy?
Chapter 7 is commonly known as liquidation, which entails the sale of nonessential assets for the purpose of debt relief. Chapter 13 differs from Chapter 7 in that it entails creating a repayment plan for debt relief over several years, usually 3-5. Read our blog to learn more about the differences between Chapter 7 and Chapter 13 bankruptcy.
We Are Your Bankruptcy Law Advocates
Take the first steps towards financial security and peace of mind. If you have questions about mortgage stripping, foreclosure defense, or any other aspect of what bankruptcy may accomplish for you, our Chapter 13 bankruptcy attorneys can help you. Call Goering & Goering, LLC, at 513-838-2407 and schedule your consultation today. You can also send us a message online. We welcome clients and referrals from Southern Ohio, and Northern Kentucky.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.