Filing Chapter 7 Bankruptcy in Columbus and Lancaster
Attorney Wendi Henderhan is a skilled and experienced Chapter 7 bankruptcy lawyer in Columbus and Lancaster. She can help you make a fresh financial start.
Chapter 7 bankruptcy is a powerful tool that will help you eliminate unsecured debts and provide you with a brighter financial future. Let’s look at some ways this can help you:.
Unsecured Debts that Can Be Discharged with Chapter 7 Bankruptcy
- Credit card expenses
- Car repossessions
- Medical bills
- House Foreclosures
- Personal Loans
- Wage Garnishments
- Utility Bills (past due amounts)
Not all unsecured debts can be discharged. Unpaid child support, student loans, and taxes within the past three years are types of debts that cannot be eliminated through bankruptcy. Bankruptcy laws can be complex, so it’s important to discuss your options with Attorney Wendi, an experienced Chapter 7 bankruptcy attorney in Lancaster and Columbus.
What about Secured Debt (cars and mortgages)?
Secured debt for mortgage payments and vehicle payments can be reaffirmed (kept) in most cases, through your Chapter 7 bankruptcy. Every client has different circumstances. In some cases, it makes the best financial sense for our clients to surrender a vehicle due to high mileage, poor repair, or negative equity. In other instances reaffirming a mortgage or car payment can help credit scores bounce back faster after a bankruptcy.
During your free consultation, you will meet with Attorney Wendi, not a paralegal. She will discuss your options, answer your questions and ensure you are comfortable so you can make an informed decision for your situation.
How Long Will My Chapter 7 Bankruptcy Case Take?
For our clients who are struggling with debt and are constantly being bombarded with creditor collection efforts and communications, it is not uncommon for a person to desire relief as quickly as possible. At Wendi Henderhan Law Offices, cases are prioritized especially those involving wage garnishments and foreclosures.
On average, a Chapter 7 bankruptcy will take 90 days from the time you file to the time you receive your discharge. There are certain circumstances, however, that may increase the time it takes to complete your bankruptcy.
How Can a Chapter 7 Bankruptcy Help With My Car Payments?
If you are behind on your car payments, all is not lost. You may be able to remedy this and save your vehicle from repossession with help from a Chapter 7 bankruptcy lawyer in Lancaster or Columbus.
First, you need to answer some very important questions, such as:
- What are your goals for your vehicle(s)?
- Do you want to keep your car and continue payments?
- Do you want to get out from under a large payment?
- Do you want to trade in your vehicle for one with a more affordable payment?
- Is the creditor threatening to repossess your vehicle?
If you are close to a repossession, you will want to act quickly to avoid creditor actions. During a bankruptcy, many of your assets are protected under certain exemptions. Call today to arrange your free consultation with a knowledgeable, experienced Chapter 7 bankruptcy attorney in Columbus, Wendi Henderhan. She will provide you with advice specific for your situation. Don’t delay! Avoid creditor actions now.
Will I Be Able to Get Another Car if I File Chapter 7 Bankruptcy?
Often people think bankruptcy will hurt their credit so much that they will never again be able to get a car loan or other credit. Fortunately, that’s not the case. Many people emerge from bankruptcy and are able to finance a car. Be aware, however, that you’ll likely pay high interest and fees.
Can They Take My House If I File Chapter 7 Bankruptcy in Columbus?
There are exemptions for both Chapter 7 and Chapter 13 bankruptcy that can help you keep the home you live in and protect any home equity. Called Homestead Exemptions, most people qualify for these exemptions provided that the property is their primary residence.
These exemptions have been established to help you keep your property during bankruptcy. You can meet with our experienced Chapter 7 bankruptcy attorney in Lancaster and Columbus, Wendi Henderhan to discuss important questions and determine your goals concerning your property.
If you have fallen behind on your house payment, you may be able to catch up with a bankruptcy plan. If you are close to a foreclosure situation, you will want to act quickly to keep your property and avoid bank actions. When you meet with Attorney Wendi Henderhan, she will provide you with specific advice and recommendations for your situation. Don’t delay—call today for your free consultation.
Can a Business File For Chapter 7 Bankruptcy?
Both businesses and individuals can file for Chapter 7 bankruptcy protection, however, when a business files for this form of bankruptcy, the business must be winding down, closed, or willing to turn over the operation of the business to the Chapter 7 Trustee.
If you own a business or operate as a sole proprietor it’s important that you seek experienced legal advice from a Chapter 7 bankruptcy lawyer in Columbus, or Lancaster, Ohio. Deciding to close a business is never easy, but Attorney Wendi has handled multiple sole proprietor/small business bankruptcies and can provide you with answers.
Will Filing Chapter 7 Bankruptcy Hurt My Credit?
Yes and no. While a bankruptcy will show up on your credit report for 10 years, chances are without filing for bankruptcy you will be in an even worse situation for the next 10 years. In most situations where someone is exploring bankruptcy, his or her credit is already severely damaged.
Working with a Chapter 7 bankruptcy attorney in Columbus or Lancaster will allow you to start fresh and begin rebuilding your credit by taking small steps such as opening up a secured credit card account, building a savings account, and taking out loans.
Under typical circumstances, as long as you are employed, you may be able to obtain an auto loan immediately after filing your case (no need to wait for discharge) and at least two years to obtain a mortgage or refinance.
Lots of old misconceptions exist online and by word-of-mouth. Attorney Henderhan’s experience as a Chapter 7 bankruptcy lawyer in Lancaster and Columbus will help you to make a good decision when considering bankruptcy. Contact us for a free initial consultation.
Wendi Henderhan Law offices serve all of Franklin, Fairfield, Perry, Knox, Ross, Hocking, Galia, Licking, Meigs, Vinton, and Jackson counties.