Chapter 7 Eliminates Many Types of Debt

Chapter 7 bankruptcy is designed for people whose income is below the median income in Ohio for a household of their size. If your income exceeds the median, you may have to file Chapter 13, although there are exceptions.

Please see our Chapter 7 Means Test for more information. At Cope Law Offices, LLC, we will help you determine your eligibility for Chapter 7 whether you are an individual, a couple or a small business. Chapter 7 bankruptcy typically takes about three months. To get started, please call 937-401-5000 or , or contact us online to schedule a free initial consultation with a Dayton Chapter 7 bankruptcy lawyer.

Chapter 7 Bankruptcy Information

One of the benefits of bankruptcy is that you receive the protection of the automatic stay from all collection activities during the bankruptcy process. This includes creditor harassment, repossession, foreclosure and wage garnishment.

Many of your debts will be discharged (eliminated) under Chapter 7 bankruptcy. Unsecured debts, including credit cards, medical debt and unsecured loans, are typically discharged. However, you cannot discharge debts for spousal support, child support, some taxes or student loans.

If you have secured debt, such as a mortgage or car loan, the home or vehicle may be sold. The money from the sale will go to your creditors. You may be able to keep your house and car if you reaffirm your loans with the lenders and can continue to make the loan payments. In many cases, Chapter 13 is a better choice if you wish to keep your house and other assets. Our attorney can help you determine which chapter is right for you.

Many of your secured assets may be exempt from bankruptcy. We can discuss which assets you will be able to keep if you decide to file.

Contact a Vandalia Debt Relief Lawyer

Please contact our office at 937-401-5000 or  to schedule an appointment. Serving Dayton, Springfield, Vandalia, Lebanon, Mason and surrounding Ohio communities.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.