The Law OfficE of

GREGORY M. WETHERALL

Bankruptcy Makes Life Better

Chapter 7 is the most common form of bankruptcy. It involves the liquidation of some assets and a discharge of all unsecured debts. When you choose the Law Office of Gregory M. Wetherall, you will work with an experienced attorney who will guide you through the process to obtain the debt relief you need.

You Will Not Lose Everything

One of the biggest fears of people considering bankruptcy is that they will have to give up everything they own. While it is true that some property may need to be liquidated and used to pay creditors, most people filing Chapter 7 lose little or nothing.

You will be allowed to keep certain exempt assets. With proper planning, you will likely be able to keep most of those assets necessary for everyday living and more. The laws pertaining to exempt property are complex. When you meet with our Clermont County Chapter 7 lawyer, you will be educated about the available exemptions as they apply to the specific property you own. You will benefit from being represented by a lawyer who has two decades of experience using exemptions to protect the assets of people filing Chapter 7.

 






CHAPTER 7 BANKRUPTCY                                           CHAPTER 13 BANKRUPTCY




Chapter 13 is a unique and flexible form of bankruptcy, often used as an alternative to Chapter 7. Few lawyers fully understand the vast benefits this form of bankruptcy has to offer. At the Law Office of Gregory M. Wetherall, we understand the full range of benefits of Chapter 13 and have more than 15 years of experience helping people like you make the most of them.

What Is Chapter 13?

Chapter 13 is essentially a consolidation of your debts into one affordable monthly payment. You will work with a Clermont County Chapter 13 attorney who will review your income and your debts to help you create a budget based on reasonable expenses that will allow you to live a comfortable lifestyle. The amount left over after these expenses are deducted from your income will be used to make your monthly Chapter 13 payments. The payments will continue for three to five years, depending on the specifics of your plan.

At the conclusion of the Chapter 13 plan, the court will issue an order discharging all of your dischargeable debts. Thereafter, you will no longer be responsible for paying any balances remaining on those debts.

You Can Keep All Of Your Property

Chapter 13 allows you to keep all of your property, including property that would be liquidated in a Chapter 7. You can keep your home, your car and other items even if you are behind on your payments. The only thing that you must be able to do to realize these benefits is demonstrate to the Chapter 13 trustee and the bankruptcy court that you are capable of making the monthly payment required by the Bankruptcy Code. No other form of debt consolidation offers these types of benefits.

CINCINNATI BANKRUPTCY LAWYERS CHAPTER 13 BANKRUPTCY AND CHAPTER 7 BANKRUPTCY


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