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CLEVELAND
BANKRUPTCY INFORMATION CENTER

* Cleveland Bankruptcy

* Chapter 7 Bankruptcy

* Chapter 13 Bankruptcy

* Bankruptcy - Do I Qualify

* Filing for Bankruptcy

* Bankruptcy - Warning Signs

* Bankruptcy Alternatives

* Bankruptcy Exemptions

* Bankruptcy FAQ

* Bankruptcy Myths

* Bankruptcy Process

* Bankruptcy Reform

* Bankruptcy Timeline

* Credit Card Debt

* Discharging Debt

* Foreclosure

* Life After Bankruptcy

* Psychology of Debt

* Stop Creditors

* The Benefits

* Types of Debt Eliminated

* Wage Garnishment

* What Chapter is Right For Me?

* What Will I Lose?

* Do I Need an Attorney?

* Why Hire Us?

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Cleveland Chapter 13 Bankruptcy & Foreclosure Lawyer

Bankruptcy - Do I Qualify?

The question is not "Do I Qualify?" Instead, the question is "Do I Need to File?"

Everyone qualifies for some form of bankruptcy (Chapter 7,  Chapter 13, etc.) but not everyone needs to file. We find that we recommend filing bankruptcy to about fifty percent of the people with whom we meet.

The "New" bankruptcy law that was passed in October of 2005 was intended by Congress to make it more difficult for individuals to file bankruptcy. However, in our experience, about 95% of people who qualified for Chapter 7 bankruptcy before the new law was passed, still qualify for Chapter 7 bankruptcy. Those that no longer qualify for a Chapter 7 filing still qualify for Chapter 13 bankruptcy. The question of which bankruptcy chapter is right for you, of course, depends on many factors specific to your case and can only be answered after a full, free consultation with one of our experienced attorneys.

Factors in Qualifying for
Chapter 7 or Chapter 13 in Cleveland

There are specific differences between the two types of filings. Chapter 7 is normally filed by individuals who have overwhelming debt and no means of paying it back. Most assets owned by the person will be sold or liquidated to pay off the debts as much as possible and the rest will be discharged. However, if you have a steady income and can afford to be making payments, Chapter 13 is a restructuring of your debt through negotiating settlement or outright discharge of certain debts in order to be able to repay creditors within 3 to 5 years. Assets can normally be kept in a Chapter 13.

With the help of the Malaise Law Firm, we will comprehensively review your financial position and help you determine which course of action is best for you. With over 40 years experience in helping residents of San Antonio, our bankruptcy attorneys are highly skilled in providing you the best advice and solutions possible. We also have helpful videos you can view about qualifying for bankruptcy and much more.

Determining if you qualify? Find out by contacting a Cleveland Bankruptcy Attorney for a free initial consultation.  We will always explain the consequences of any action to you.

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Free Bankruptcy consultation OR

Free Foreclosure consultation

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CLEVELAND

OFFICE LOCATION

Cleveland (Main Office)

21380 Lorain Ave

Suite 201

Fairview Park, Ohio 44126

Phone: 440-447-0331

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     Please give me a call.  I will be sure that you are fully informed of the consequences of your choices.  Whether you need bankruptcy, foreclosure assistance, short sale, or just trying to save your home, you have to understand how this will effect your future. 

     I will personally make sure that you get the best information and treatment.  Being in debt and fighting for your home is a very trying time.  You need someone who will be able to explain your rights and help you and your family rebuild.

     I look forward to being your trusted advisor and assisting you in making the decisions you need.

                Sincerely,

                Angelo Russo, Esq.