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The Bodor Law Firm

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Chapter 13 Topics
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The Bodor Law Firm

     People often try to solve a problem but create another one. When they are in debt they often try to reduce their monthly payments by taking out a high-interest debt consolidation loan. They then find out, too late, that they still cannot afford the payment; but now, instead of an unsecured loan, they have one that is secured by some of their precious property     Or, they give up and not even investigate further to see if there is some other solution to their problem. Before you decide to take these courses of action, or inaction, do yourself a favor by checking out some other possibilities.  Having the information provided here or with the free consultation, you will be able to avoid some of the traps that are out there.

     Having been a lawyer since 1972, most of which time has been spent helping my clients with financial problems, I can understand what you must be going through. Since I work extensively in the area of Bankruptcy Law, Chapter 7 and 13, perhaps I could suggest some solutions to your financial problems that you may not have thought of.   After graduating from law school I spent six an a half years as an attorney with the Internal Revenue Service.   Do you have tax problems?   Did you know that it is possible to wipe out Federal, State and local income taxes?  Before you choose a supposed solution to your tax problems offered by finance companies, check out bankruptcy.    If you incur debt to pay taxes it is possible that you may  never wipe it out; but filing bankruptcy can.

            If you do nothing about the law suit, the creditor will get judgment against you. When that happens, if the law suit is for a foreclosure of your home, a sheriff’s sale will be ordered for the disposal of your home. If the law suit is for something else, upon judgment the creditor can garnishee your wages, attach property or place liens on your real estate. None of these results is desirable.

     Most people have a misconception about Bankruptcy; they think of it as somehow illegal or dishonorable. Nothing can be further from the truth. Federal Law allows honest, hardworking people like you to use the law to get out of debt legally, honorably, and with dignity and to stop the foreclosure of their homes.

      And the costs are quite modest. For instance, my office will file a Chapter 7 for you for as little as $395.00 in lawyer fees plus court costs of $299.00. We will file a Chapter 13 for you with NO UP-FRONT LAWYER FEES in appropriate cases, plus court costs.   If you qualify, all you would have to pay UP-FRONT to STOP a foreclosure of your home in a Chapter 13 is the court cost of $274.00.  It is even possible to pay court costs in installment of three payments.   AND, some may even qualify to have court costs entirely WAIVED.

       No attorney will defer attorney fees in a Chapter 7 bankruptcy  beyond the filing date.   You may have heard some advertisements claiming that "attorney fees may be deferred".   It is true; but only in a chapter 13 since most, if not all of the attorney fees may be paid over the life of the Chapter 13 Plan.    With a Chapter 7 it is different; all fees must be paid before filing of the petition since any attorney fees remaining will be wiped out with the Chapter 7 bankruptcy.   No one will work for someone when they are not even permitted to ask for payment after the matter is over.

 

             The Chapter 13 program can allow you to:*

     * GET CONTROL of your bills;

     * STRIP OFF 2nd and 3rd Mortgages and Judgment liens

     * GIVE YOU A FRESH START without money worries;

     * STOP and save your home from foreclosure;

     * STOP the Sheriff's sale of your home;

     * STOP garnishments;

     * STOP attachments ;

     * STOP law suits;

     * STOP creditor harassment;

     * KEEP your house, car and other property;

     * PAY LAWYER FEES over the period of the Chapter 13 Plan.


               The Chapter 7 program can allow you to:*

      * GET CONTROL of your bills;

     * STRIP OFF Judgment liens

     * GIVE YOU A FRESH START without money worries;

     * STOP garnishments;

     * STOP attachments ;

     * STOP law suits;

     * STOP creditor harassment;

     * DISCHARGE (wipe out) all of your unsecured debts (like credit cards);

     * RETAIN those debts you need to or want to keep.

 * in appropriate cases

            Please do not think, however, that this information is a substitute for sound legal advice. I have supplied the articles and the answers to the various questions as a general information source only and they do not constitute legal advice. The articles in this web site provide only general information. Before any action is taken, please consult with us, or with the attorney of your choice,  to learn exactly how these federal programs might affect you.


     Help is immediately available, should you choose it, a short phone call away. For a FREE AND CONFIDENTIAL consultation with me to find out about these Federal Programs and how they  might help you, please call my office at (216) 476-1730 in the Cleveland area or (330) 393-4060 in Warren, or (330) 782-0799 in the Youngstown area.   Or, if you prefer, TOLL FREE at (800) 924-7403.   Should you decide not to do anything, there is no cost or obligation for the consultation. Telephone conferences are not practical because of the time involved to explain your options. You should expect to spend an hour or more with me. Because of the length of time you will be occupied with me, it is also not a good idea to bring children to your appointment. But DO BRING with you a list of ALL your debts. You will be asked to fill out a form with the names of the creditors and the amounts you owe to them.

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