Canton Lawyer Creates Sound Chapter 13 Bankruptcy Plans
Accomplished northeast Ohio attorney assists with debt reorganization
Serious debt problems don’t just affect the jobless. A medical crisis, accident or temporary loss of employment can put a steady wage earner behind on bill payments to the point where assistance is needed to catch up. For many people in this situation, Chapter 13 bankruptcy can be a solution. My firm, Douglas D. Jones Co., LPA in Canton, helps northeast Ohio clients use this remedy to formulate fair repayment plans that stop calls from aggressive creditors. Even if you’re unsure about whether bankruptcy is the right option for you, I can outline what the process entails and discuss related debt relief matters, such as defending against mortgage foreclosure actions.
Knowledgeable advocate helps to stop harassment from creditors
Sometimes referred to as a “wage earner’s plan,” a Chapter 13 bankruptcy gives people the chance to satisfy their obligations over a manageable time frame while retaining their assets. Having served families struggling with money problems for decades, my firm knows how to help you:
- Stop collection actions — When you file for Chapter 13, the bankruptcy judge will issue an automatic stay, which prevents creditors from taking collection actions against you. This pause not only relieves the burden of harassing calls but can also halts other actions that businesses use against people who owe them money, such as the termination of utility services. With the immediate pressure relieved, my firm works with you to review your financial situation carefully and candidly.
- Establish a repayment plan — I work with individuals and families to develop a sound plan that repays a portion of their debts over a period of three to five years. Before presenting the plan to the court, my firm helps you understand what type of proposal is likely to be approved while allowing you to move forward without undue disruption to your daily life. Whenever possible, I look for creative ways for you to bring down the amount that you owe while remaining in your home and keeping your job.
- Reduce debt payments — Creditors benefit when feasible repayment schedules are established, since a debtor’s default can leave a creditor with nothing. Further, instead of spending on collection efforts, creditors can rely on receiving a legally mandated payment on a regular basis. As part the bankruptcy process, creditors often will lower interest rates, reduce penalties or lessen the overall debt obligation in order to achieve a fair resolution.
Money problems don’t disappear on their own. Chapter 13 bankruptcy is a solution specifically designed to assist people who are working hard but are unable to make up for previously missed payments. Don’t wait to get the help you need.
Dedicated attorney handles foreclosure defense matters
If your mortgage lender is threatening to take your home because you have fallen behind on monthly payments, there are options. My firm offers comprehensive foreclosure defense so that clients and their loved ones can avoid being forced from their residence. Whether you can benefit from a mortgage modification or some other potential solution, I can help you safeguard your interests and fight back against heavy-handed tactics used by financial institutions.
Contact an effective Ohio lawyer for a free consultation about Chapter 13 bankruptcy
Located in Canton, Douglas D. Jones Co., LPA represents clients throughout northeast Ohio in Chapter 13 bankruptcy actions and other debt relief matters. To set up a free initial consultation to discuss your circumstances and concerns, please call 330-649-2372 or contact me online.