Bankruptcy Services For Bucyrus, Ohio
Kennedy Purdy Hoeffel & Gernert LLC
Having someone in your corner is important, someone who will fight for you despite the odds. So, whether you are in mediation, or you are walking into a court room, you need to trust your legal representation.
At Kennedy Purdy Hoeffel & Gernert LLC, we have attorneys in Bucyrus ready to fight in your bankruptcy case.
Therefore, regardless of the issue, we have the knowledge and experience to evaluate your position in order to obtain a fair and equitable outcome for you.
Bankruptcy in Bucyrus, Ohio
FAQ About Bankruptcy
It can be confusing beginning your bankruptcy case, that is why we have this helpful FAQ section! If a question you have is not here, then be sure to contact us.
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.
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!
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.
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.
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!