Knowledgeable Bankruptcy Lawyers - Mentor, Ohio
Even though bankruptcy laws changed drastically in 2005, bankruptcy is still an option for individuals who have been backed into a financial corner by overwhelming credit card debt, illness and medical bills, divorce or other financial hardships.
The experienced bankruptcy attorneys at Sternberg & Zeid Co., LPA in Mentor, Ohio, can help you file for bankruptcy in a matter of days in some cases. As soon as you file, the harassing debt collection phone calls from creditors will stop and you will be on your way to a fresh financial start. Contact us by e-mail or at 440-942-6267 for an appointment.
Chapter 7 ● Chapter 13 ● Debt Forgiveness ● Wage Earner Bankruptcy Plans
Sternberg & Zeid ● Mentor, Ohio ● 440-942-6267 ● E-mail
The process of filing a bankruptcy petition does not need to take more than a couple of days. It all depends on the completeness and accuracy of the financial information you give to your lawyer. If you have good financial records of assets and debts - or if you can gather all that documentation together in a short time period - your bankruptcy petition can be filed within a matter of days. Once the petition is filed, your participation in the bankruptcy process lasts about three months, and the entire process will be complete within about five months.
Chapter 7 Versus Chapter 13
Chapter 7 and Chapter 13 are two types of bankruptcy options for individuals in financial crisis. As of 2005, you must first complete a credit counseling course before you can file successfully for any type of personal bankruptcy. Chapter 7 is also called the "liquidation plan." Your debts are cancelled, but the court may rule that you have to sell ("liquidate") some of your property in order to pay off your creditors. You cannot use Chapter 7 if you discharged debt via bankruptcy in the last six to eight years.
If you earn a relatively high wage, you may have to use Chapter 13 instead of Chapter 7. Under Chapter 13 (also called the "wage earner plan" or the "reorganization plan"), you use your income to pay off some of your creditors according to a timeline set up by the courts.
Filing for bankruptcy may seem like a drastic choice, but for many individuals with financial hardships, it may be the only choice. Once you file, you will stop receiving phone calls from creditors, you'll gain peace of mind and you can start rebuilding your credit. To consult with one of our bankruptcy attorneys, please contact Sternberg & Zeid today for an appointment. We can be reached by e-mail or by telephone at 440-942-6267.
Free initial consultations in person or over the phone.
Sternberg & Zeid Co., LPA
7547 Mentor Ave, Suite 301
Mentor, OH 44060
Telephone: 440-942-6267
Fax: 440-942-6504
E-mail
Map and Directions
Between Route 2 and Interstate 90, near the Great Lakes Mall
Sternberg & Zeid Co., LPA proudly serves clients throughout Northeast Ohio including Mentor, Painesville, Geneva, Ashtabula, Cleveland, Chardon, Solon, Chesterland, Beachwood, Cleveland Heights, Willoughby, Lakewood, Mayfields Heights, Eastlake, Madison, Concord, Chagrin Falls, Kirtland, Lake County, Geauga County, Cuyahoga County and Ashtabula County.
