YOUR BANKRUPTCY SWANTON GUIDE
Learn about bankruptcy and what you can expect.
ABOUT THIS PAGE
The following is for bankruptcy educational purposes only and is not legal advice.
- Compare France Law Group vs. one of Ohio’s largest bankruptcy firms
- Bankruptcy FAQs
- Google Maps showing Bankruptcy Hearing locations
COMPARISON: FRANCE LAW GROUP, LLC
|CLIENT SERVICES||FRANCE LAW GROUP||LARGE OHIO BANKRUPTCY FIRM|
|Free initial consultation||Yes (1 hour)||Yes (only 15 minutes)|
|Local firm ownership||Yes||No (Cleveland)|
|Personal attorney assigned to you||Yes||No|
|Chapter 7 Express File Discount Program||Yes||No|
|Free, Lighted parking lot on premises||Yes||No|
|Suggested minimum retainer||$60||$100|
|Welcoming environment, full customer support||Yes (see our reviews)||Compare for yourself|
|Evening appointments||Yes (by appointment)||No (closed at 6 p.m.)|
|Recent (Chapter 7) price comparison*||$790-$990 + filing fee||$980 + filing fee|
*Competitor pricing and data derived from recent inquiry, subject to change
For educational purposes only. Not intended to be direct legal advice.
HELP! I’M BEING GARNISHED!!
The filing of a bankruptcy will stop wage garnishments. Once a case is filed, the debtor enjoys the protection from creditors known as the “automatic stay” which ends the garnishment and prohibits creditors from contacting you directly during much of the case. If you have been recently presented with a creditor lawsuit, you need to know that you have a limited window of time to respond.
WHAT IS CHAPTER 7 BANKRUPTCY?
Chapter 7 Bankruptcy essentially eliminates most unsecured creditors, such as medical bills, vehicle repossessions, credit cards, and more. It is often referred to as “Liquidation” as it is possible to lose personal assets due to excessive equity or other factors. A good bankruptcy attorney will take the time to carefully analyze your situation to determine if anything may be at risk. In many cases, debtors are able to keep both their home and vehicle. This type of bankruptcy is generally less expensive than it’s Chapter 13 counterpart and does not require a monthly payment plan to the U.S. Government.
WHAT IS CREDIT COUNSELING?
The credit counseling requirement is simple, inexpensive, and can be a valuable educational resource. Each debtor is required to complete two separate credit counseling courses. The first course is pre-filing, while the 2nd course is post-filing. These classes are typically offered online for a nominal fee. At the end of your course, please advise your course provider that a copy of your certificate needs to be sent to your bankruptcy attorney. Course providers are not affiliated with France Law Group.
WHAT ABOUT STUDENT LOANS?
With some very limited exceptions, student loans are generally not discharged. In rare cases, a hardship exception may apply. Your experienced bankruptcy attorney will be able to apply your situation to the exact rule. Although most student loans survive a bankruptcy, it is possible to negotiate directly with the student loan provider for more affordable repayment options. Another solution may be Chapter 13 Bankruptcy which is essentially a 5 year repayment plan of your debts, however many clients include student loans in their monthly payments. Many Courts prefer that student loans be treated equally with other unsecured creditors in a Chapter 13 Bankruptcy.
DO I HAVE TO GO TO COURT?
In most Chapter 7 Bankruptcy cases, each debtor typically only has to attend one court event (aka “Meeting of Creditors.” ) This meeting occurs about 45 days post case filing. The meetings typically only last about 5-10 minutes and give both the Trustee and any interested creditors an opportunity to discuss the case with the debtor. Each debtor is required to bring 2 pieces of identification (driver’s license & social security card) and bank statements covering the date of filing. In Chapter 13 Bankruptcy cases, an additional hearing called “Confirmation” typically occurs about 30-60 days after the Meeting of Creditors.
CAN I FILE WITHOUT MY SPOUSE?
Yes, a married person is permitted to file with or without her or her spouse. Most bankruptcy attorneys charge by the case, not by the person, so it may be more economical to file jointly if both spouses have sufficient debt. When filing solo, you will need some of your spouse’s financial information, however this requirement does not affect the non-filing spouse.
I FILED IN 2010. CAN I FILE AGAIN?
If you have filed for Chapter 7 Bankruptcy wit in the last eight (8) years, you are not currently eligible to do so again. The eight (8) year clock begins on the date of the previous case filing. If you are in need of bankruptcy relief, despite facing the eight (8) year rule, one solution is to ask your attorney about Chapter 13 Bankruptcy. Not the same type of bankruptcy, but it does have the ability to stop wage garnishments, stop home foreclosures, and more.
I’M OVERWHELMED. WHERE DO I BEGIN?
A feeling of being overwhelmed by mounting debt and collection threats is a common feeling among debtors. First, know that you don’t have to go through this alone. Also, many people are thrown into these situations by something out of their control that happened to them (i.e. medical, divorce, job loss, etc). Here is a quick 3 step approach to getting started:
- Schedule your free consultation (419) 725-9300
- Pull your free credit report (click on link)
- If you have a couple recent pay stubs, bring those to your appt.
Bankruptcy Attorneys, Swanton, Ohio