Chapter 13

Cincinnati Chapter 13 Bankruptcy Attorney

Pay Off Your Debts with Affordable Monthly Payments

If you don’t qualify for Chapter 7 or want to retain your assets, Chapter 13 bankruptcy may be the right option for you. The Southard Law Firm, L.L.C. offers personalized legal representation for clients who are facing financial problems. Our Chapter 13 bankruptcy lawyer in Cincinnati can explain the process and evaluate your finances to help you make the best decision for you and your family.

Call (513) 399-8806 to find out if Chapter 13 is right for you.

Benefits of Chapter 13 Bankruptcy

The stress of struggling to keep up with monthly payments and being harassed by creditors is overwhelming and can leave you feeling stuck. Chapter 13 bankruptcy offers several advantages – it can put an end to creditor harassment, give you the opportunity to catch up on your bills, and eliminate a portion of your debt.

Chapter 13 can also help you:

  • Eliminate unsecured debts, such as credit card bills and unsecured loans
  • Remove second mortgages or pay back a low percentage of the loan
  • Catch up on back mortgage payments
  • Catch up on past-due car payments
  • Avoid foreclosure
  • Prevent vehicle repossession
  • Keep your assets

Chapter 13 bankruptcy is available to individuals only, not businesses. There are limits to the amount of unsecured debt you can have when filing for Chapter 13 bankruptcy. In addition, you must have enough income to meet your basic living expenses, as well as some disposable income to put toward your repayment plan.

The Repayment Plan

The repayment plan is designed to pay a percentage of your debt. Your monthly payment is based on what you can afford to pay each month. Payment plans typically last anywhere from three to five years. As long as you make your payments on time and fulfill the obligations of your repayment plan, your remaining debts will be discharged once all plan payments have been made.

Please contact us at (513) 399-8806 to discuss your situation and determine if Chapter 13 is the right decision for your family.