Sylvania Chapter 13 Bankruptcy
Assisting Clients Throughout Ohio and Monroe County, Michigan
If you are struggling to keep up with payments on your debt, it is time to talk to an attorney and find a better option. At the Sylvania Law Office of Melan M. Forcht, we help families and individuals throughout Ohio and Monroe County, Michigan, avoid foreclosure and start a debt repayment plan they can afford. Creating a plan tailored to your needs, we can help you get the debt relief you are entitled to through Chapter 13 bankruptcy.
Unique Resolutions for Every Client
Contact the Law Office of Melan M. Forcht
Chapter 13 bankruptcy is a form of debt consolidation. If you do not qualify for Chapter 7 bankruptcy or if you have assets you want to retain, such as your house, then you will want to pursue debt relief through Chapter 13.
As a debt reorganization plan, Chapter 13 bankruptcy will allow you to pay all, or only a portion, of your debt you can afford up through 60 months. At the end of that time, you will be forgiven your remaining debt.
Besides making regular and affordable debt payments, the Chapter 13 bankruptcy process does not differ that much from Chapter 7. You will have to disclose all assets and debts, attend a creditor's hearing, and set out a plan for repayment in your bankruptcy petition.
Chapter 13 Payment Plans
If you file for Chapter 13 bankruptcy, you can expect to follow these steps:
- Debt is consolidated and you write one check every month
- Bankruptcy trustee disperses money out appropriately
- If you are not able to make a payment, contact us immediately. If you have had a financial change in circumstance during the pendency of the Chapter 13 plan, modifications can be made to reflect your current financial status.
Before you make any decisions about foreclosure and the future of your finances, we can answer your questions and help you decide if Chapter 13 bankruptcy is right for you. We offer appointments at our Sylvania office during weekly business hours. Contact us today for a free initial consultation.
At the Sylvania Law Office of Melan M. Forcht, we represent clients throughout Ohio, including Toledo, Ottawa Hills, Holland, Berkey, Swanton, Metamora, Maumee, Perrysburg, Bowling Green, Lucas County, Wood County, Hancock County, Fulton County and Ottawa County.