Do you cringe when the phone rings? Get nervous sorting your mail? Worry that you might lose your home or vehicle due to unpaid debts? If so, you are not alone. In this economy, countless Americans are struggling to make ends meet. Depending on the severity of your situation, bankruptcy may provide an opportunity for you to make a fresh start.

The Chris Wesner Law Office, LLC in Piqua, Ohio is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. A significant portion of our practice is devoted to helping individuals and small businesses find appropriate debt relief through Chapter 7 and Chapter 13 bankruptcy.

While bankruptcy may seem like an expensive option, that is simply not true at Chris Wesner Law Office, LLC. Instead of quoting unreasonable fees, we use our extensive experience to maximize the benefits of bankruptcy for you in a minimal amount of time — all at affordable rates. Contact us for bankruptcy help you can afford — you will be pleasantly surprised.

Does Bankruptcy Provide the Best Solution – What Options Do YOU have?

Whether or not to file bankruptcy or how and when to file bankruptcy are probably the most important decisions made in a bankruptcy case. Many factors come into play. Most of these are unique to each individual client. Some turn upon state law custom or practice in the community or the provisions provided for in the United States bankruptcy code.

Your attorney should speak with you early on to explain what options may be considered and what these options would entail. If you are seriously considering bankruptcy the general procedures should be discussed. In my practice many of my local Dayton clients need to have some of their preconceived ideas of bankruptcy dispelled. Often times my clients had the idea in their heads that they will lose everything in a chapter 7 bankruptcy.

Many times these prior notions of bankruptcy are not the only concern. Many people feel that they have a moral obligation to pay one’s debts. These feelings are often reinforced by creditors making collection calls. The idea of filing bankruptcy may be difficult for a client to accept at first. Most of my clients in the Dayton Ohio and surrounding areas have exhausted all other remedies before seeing me. In recent years even creditors see bankruptcy as a debtor’s financial decision and it does not carry the stigma it once did.

Bankruptcy is your right under the law. Bankruptcy was originally laid out in the United States Constitution and intended to provide a fresh start for those precisely in your situation. No one looks down on corporations like General Motors, Chrysler, Kmart, Texaco, United Airlines, and Macy’s for their bankruptcy filings. Donald Trump, Jerry Lewis, Mickey Rooney, and the scores of millionaire athletes that have filed bankruptcy have all made fresh starts after their filing. The stigma of bankruptcy is generally a creation of the creditors to induce payments by a debtor.

Bankruptcy filings are generally not publicized the newspapers or elsewhere but are a matter of public record. However, bankruptcy is not a step to be taken lightly in the alternatives to bankruptcy must be fully explained. Our office, and myself personally, will explain all of your options including not filing for bankruptcy.

Which chapter fits your needs?

Each type of bankruptcy, or chapter, has different requirements and involves a different process. It is important to understand your options and determine which chapter best fits your needs. We help you choose the right debt relief plan for your circumstances and guide you through each step of the process.

Chapter 7

If you have unsecured debt such as credit card debt, medical bills or deficiency balances due to auto repossession, Chapter 7 may be the right option for you. It is often referred to as straight bankruptcy and involves the elimination of eligible debts. Chapter 7 is especially effective for anyone who has minimal assets but a significant amount of debt.

How does it work?

All of your non-exempt property is converted into cash by a bankruptcy trustee who then distributes it to your creditors. Within approximately four months you should receive a discharge of all eligible debts.

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Chapter 13

Chapter 13 is also known as reorganization bankruptcy. It may be right for you if you have non-exempt property that you would like to keep and a reliable income that will enable you to meet your daily expenses while paying off your debt. Filing for Chapter 13 stops foreclosure actions and may enable you to refinance your vehicle. This makes it an excellent option for qualified individuals interested in saving their home or car.

How does it work?

Under Chapter 13, you create a court-approved three- to five-year debt payment plan based on your income. Your debts are consolidated into one payment you make to a Chapter 13 trustee who then disburses individual payments to each of your creditors.

Click Here to View the Bankruptcy Code: USC: Title 11 – Bankruptcy

Click Here to View Bankruptcy Cases of Interest

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Contact us today

At the Chris Wesner Law Office, LLC we stand ready to assist you in matters involving Chapter 7 or Chapter 13. Call us at 937.339.8001 or contact us online to schedule a free initial consultation. We look forward to discussing your case.