Many people having financial troubles (mistakenly) think that they do not qualify for Bankruptcy Relief because they make too much money. However, this opinion is usually wrong and people spend months and years desperately trying to payoff or paydown their debts but never really making a dent in what they owe. Sometimes, people will even turn to the "Credit Counseling Services" they hear about on television or the radio for help with promises and guarantees of "financial freedom." Eventually, this too fails and they are left with overwhelming debts and payments to these services for months and years without any real success of actually getting out of debt. FInally, when their wages are garnished, their car is repossessed, or their home goes into Foreclosure, they break down and contact a Bankruptcy Attorney for help.
BANKRUPTCY IS A VIABLE OPTION THAT CAN: (A) GET RID OF DEBTS IMMEDIATELY; AND (B) ALLOW YOU TO KEEP YOUR PROPERTY AND EARNED INCOME FROM EMPLOYMENT. BANKRUPTCY GIVES YOU A "FRESH START" AND ACUTALLY SOLVES YOUR FINANCIAL PROBLEMS.
The current income guidelines for Medina County Residents considering Bankruptcy Relief are as follows:
Single person: $41,946; Married couple or Single Parent with child: $52,139; Family of three: $59,724; Family of four: $72,764; Family of five: $80,264; and Family of six: $87,764; Family of eight: $102,764.
If you or your family make equal to or less annual earned income than the figures above,YOU MAY BE ELIGIBLE TO "DISCHARGE" OR "WALK AWAY" FROM ALL YOUR BAD CONSUMER DEBTS IMMEDIATELY BY FILING FOR CHAPTER 7 BANKRUPTCY RELIEF.
If you make more than these amounts, or you have equity in property that exceeds Federal Exemption Guidelines that you wish to keep (i.e. House, Car, valuables, etc), then Chapter 13 is the way to go. Chapter 13 allows you TO KEEP ALL YOUR STUFF and payback your creditors in reasonable montly payments over 3 to 5 years. The big key or trick is, you get to do so INTEREST AND PENALTY FREE. Likewise, your creditors would have to "opt-in" to get re-paid, just like joining a Class Action Lawsuit. If they do not "opt-in," then their debts are "discharged" without being repaid by you.
Hard-working adults and families with children deserve a break from excessive consumer debts. What you need to do is start looking at your Financial Status like a BUSINESS PERSON, not a "consumer." Corporate America WANTS you to stay in debt your entire life! They WANT you to pay excessive interest rates on your bills. They WANT you to "feel bad" about not being able to pay all your bills from the money you work for. BUSINESSES FILE BANKRUPTCIES EVERY DAY IN THIS COUNTRY AND THEY DO NOT "FEEL BAD" ABOUT DOING SO. Likewise, our own GOVERNMENT has even given Corporate America "Bailout Money" WITH YOUR OWN TAX DOLLARS when they couldn't pay their bills. Did those businesses "feel bad" about it or decline the money? HELL NO. But they want you to feel bad about not being able to pay your bills at the excessive interest rates they stuck you with?
Have you ever heard the phrase "it's not personal, it's just business." Well, that should apply to you, the consumer, just like it applies to the business world. You have a "right" to get a "do over" just like Corporate America. They just don't want you to know that. They want you to "feel bad" about not being able to pay your bills so that you continue to stay in debt to them and they can get rich off of the interest you kill yourself to pay them.
Only an experienced Bankrutpcy Lawyer can properly analyze your financial situation and tell you if Chapter 7 or Chapter 13 is are good legal options to help you get out of debt, once and for all. The customary attorney's fees for Chapter 7 are $1,500 and Chapter 13 are $4,000. However, not all that money is required "up front" to start your case: reasonable "payment plans" are avaialbe to assist you in hiring our office and getting the financial relief you deserve.