Bankruptcy Relief in Northern Ohio: What You Need to Know

Kennedy Purdy Hoeffel & Gernert LLC

In the intricate arena of law, having a steadfast advocate by your side, ready to stand up to the most daunting challenges can spell the difference between success and defeat. Whether it’s during legally mediated negotiations or in the high-stakes environment of a courtroom, trusting your legal counsel is non-negotiable.

At Kennedy, Purdy, Hoeffel, & Gernert, we boast an elite cadre of expert attorneys, firmly stationed in Bucyrus, Ohio. Our team is equipped with the indispensably deep knowledge and fervor required to adeptly manage all the intricacies tied to your bankruptcy case.

At Kennedy, Purdy, Hoeffel, & Gernert, we commit to doing the legwork needed to arm you with comprehensive awareness throughout this challenging journey. We encourage you to partake of our expansive guide, where we share critical insights into the bankruptcy process, gleaned from our several years of direct experience in the field.

Bankruptcy Bucyrus Ohio

Trust Us For Your Bankruptcy Case in Bucyrus, Ohio & Beyond

Navigating the legal labyrinth of bankruptcy laws can appear daunting, but that is where Kennedy, Purdy, Hoeffel, & Gernert steps in, your partners in restoring financial balance. Our experienced team of bankruptcy lawyers, well-regarded throughout Wyandot County and Ohio, specializes in the intricacies of Ohio’s bankruptcy laws with the utmost priority of delivering effective solutions for financial recovery.

Recognizing the uniqueness of each financial situation, our approach is similarly individualized. We thoroughly assess your income, debts, and assets, crafting a comprehensive plan that paves the way towards declaring bankruptcy or finding alternative financial solutions. This unique insight enables us to strategize for optimal outcomes, with a particular emphasis on Chapter 13 bankruptcy filings in Ohio.

Embarking on a bankruptcy process can feel overwhelming, given the myriad legal aspects involved. However, when you choose Kennedy, Purdy, Hoeffel, & Gernert — renowned as leading bankruptcy lawyers — you gain more than just legal assistance. You secure a dedicated team wholly invested in your financial future, offering consistent support as we navigate the bankruptcy landscape of Ohio together.

FAQ About Bankruptcy

It can be confusing beginning your bankruptcy case, that is why we have this helpful FAQ section! This section delves into a few of the most frequent questions we have received from our clients. If a question you have is not here, then be sure to contact us.

How Does Filing For Bankruptcy Affect My Credit?

Bankruptcy initially takes a toll on your credit. As it is a sign that you have had unmanageable debts. A Chapter 7 bankruptcy will remain on your credit reports and affect your credit scores for 10 years, while a Chapter 13 bankruptcy will affect your credit score for seven years. However, this does not mean you cannot rebuild your score! No, there are many ways for you to begin rebuilding your credit score after bankruptcy. Always be sure to be paying your bills on time, as well as making a budget. With hard work, you and your score can recover! Connect with us to begin your plan.

Do I Qualify For Bankruptcy?

There are several factors that go into determining if you are able to declare bankruptcy. For chapter 7 bankruptcy, you have to pass the “means test”. This determines how you compare to the median income in your state. If you do not qualify for chapter 7, you may still file for chapter 13. There is also no minimum debt amount required. To learn if you qualify, please contact us to set an appointment!

What Is The Difference Between Chapter 7 & Chapter 13 Bankruptcy?

You might wonder which type of bankruptcy you need. The major difference is that Chapter 7 bankruptcy completely eliminates all debts you owe, while Chapter 13 simply allows you to reorganize or restructure your debt, and requires you to pay off some of your debt.

What Is The Process Of Filing For Bankruptcy?

The process of bankruptcy can seem confusing and scary, but our experienced bankruptcy attorneys in Bucyrus can guide you through every step! First, there are several forms that you will need to fill out. We will assist you, and get them filed properly. After that, we will get a court date for bankruptcy court, where it will be decided. 

When Should I File For Bankruptcy?

Bankruptcy, while a great asset, can be misused. It should only be declared once debts and bills are so overwhelming there is no other answer. If you have a manageable amount of debt, then declaring bankruptcy would hurt more than help. There is also a large chance you might not qualify, having wasted your time. But, if you are truly facing overwhelming debt, then bankruptcy is a great solution. If you need more specifics on your case, please contact us to get a meeting scheduled!

Looking For A Reliable & Dedicated Partner In Bankruptcy In Bucyrus, Ohio?

gernert bankruotcy