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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 Bankruptcy Lawyer

What Chapter is Right For Me?

If you are having difficulties with being able to pay your debt due to unforeseen circumstances, such as a job loss, divorce or unexpected medical expenses, you may need the help of a professional bankruptcy attorney in Cleveland to discuss your options. For most individuals, there are two primary bankruptcy filings that can be used to provide them protection from their creditors. State and Federal laws allow for Chapter 7 or Chapter 13 filings for most individuals.

Which Chapter is right for you? The best way to determine that is to make an appointment with our office at the Russo Law Firm to fully discuss your financial situation. We offer a free initial consultation that can provide you with insight on the bankruptcy process and review your specific circumstances. Depending on your financial condition and assets you may own, the determination as to which filing would work best for you can be established. In a nutshell, a Chapter 7 filing works best for people who have few assets and do not have a steady source of income to cover their debts. Many assets are liquidated to pay creditors in this type of bankruptcy filing. They must meet a "means test," to show whether they have the means to repay their debt or not and must qualify based on that and a certain income threshold.

A Chapter 13 works for those who have a steady income and can make regular payments towards their debt. Assets can be kept in this kind of bankruptcy, possibly even your home. A plan showing how the debt can be re-paid within 3-5 years must be worked out, which could include discharging or negotiating some of the debt.

Choose the Right Chapter
with a Cleveland Bankruptcy Lawyer

If you need assistance in making the right decision,  contact 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

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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.