Youngstown Chapter 13 Bankruptcy Lawyer
Cleveland Debt Reorganization Lawyers
At Anthony & Zomoida, we understand the stressful financial burdens you may be facing. Today’s tough economic environment has affected almost everyone. You may be struggling to keep up with bills due to heavy debt and decreasing financial resources.
Our Youngstown Chapter 13 bankruptcy attorneys can help you pursue federal protection. We possess sophisticated federal bankruptcy law knowledge. We can review your financial situation thoroughly to help determine the best course of action. Our goal is for you to achieve a brighter tomorrow by filing for federal bankruptcy protection today.
Chapter 13 Debt Repayment Plan
Our Ohio lawyers understand how Chapter 13 protection acts as debt reorganization. Under this protection, you enter a three-to-five-year repayment plan with your creditors.
Your Chapter 13 repayment plan process can be complicated. Your Chapter 13 plan binds you and each of your creditors. You must ensure that the plan is feasible or the bankruptcy court could reject it. After the court approves your plan, you must make the plan succeed. You are not entitled to a discharge of your debts until you complete all payments under the plan. The discharge releases you from all debts provided for by the plan. Creditors provided for under the plan may not initiate or continue any legal or other action against you to collect the discharged debts.
Our attorneys can evaluate your financial situation to help prepare an appropriate repayment plan. We can help prevent you from defaulting on your plan and losing federal bankruptcy protection. We are committed to formulating a plan that can allow you to make payments and ultimately receive a discharge.
Protecting Your Home
The primary reasons most people file for Chapter 13 bankruptcy protection is because they are behind on their mortgage payments. At Anthony & Zomoida, we understand how to effectively protect your home with a debt reorganization plan. We can help you:
- Reduce interest rates on some debts
- Strip off liens on property
- Restructure some debt
- Remove second mortgages
Chapter 13 bankruptcy may offer you certain advantages over Chapter 7 bankruptcy. Perhaps most significantly, Chapter 13 allows you an opportunity to save your home from foreclosure and to cure delinquent mortgage payments over time.