Chapter 13 Bankruptcy Attorney

Greater Cincinnati Area | Northern Kentucky Area

One of the ways that our firm helps people with their financial debt is through Chapter 13 bankruptcy. A Chapter 13 bankruptcy is a debt restructuring tool in which a person pays back all or part of their debts on a payment plan approved by a bankruptcy court.

Although the relief provided by Chapter 13 varies from case to case, a Chapter 13 bankruptcy may be able to help you to do the following:

• Save your house from a home foreclosure action
• Stop creditor harassment
• Reduce your debts
• Protect your auto and other assets from repossession

For more information about how Chapter 13 may benefit you, call the law office of Robert R. Jones in Cincinnati, Ohio. For a free consultation, call (513) 621-2888, or contact us online.

Protect Your Home

A Chapter 13 bankruptcy may be able to protect your home from a home foreclosure action. To qualify, you must have enough income to resume making regular mortgage payments if you are behind on payments. Your mortgage payments do not go down under a Chapter 13 payment plan. In fact, if you are behind on your payments the payment to the Chapter 13 payment plan will need to be sufficient to pay the arrearage on the mortgage over the 3 to 5 year repayment period. Although not easy, this may be the best way to save your home.

If your mortgage lender is starting a home foreclosure action against you, they are probably demanding a large lump sum payment to avoid further foreclosure action. If the bankruptcy court orders you to pay your mortgage on a repayment plan, the mortgage company must comply with the terms of the judge's order, and the mortgage lender may not require you to pay a lump sum payment to avoid foreclosure.

Reduce Your Debts

Although your home mortgage will not decrease, a Chapter 13 bankruptcy may be able to reduce other debts, including possibly your car debt.

Am I Eligible for Chapter 13 Bankruptcy?

One reason why people file for a Chapter 13 bankruptcy is because they are not eligible for a Chapter 7 bankruptcy. Chapter 7 has income eligibility requirements, and you can not file for Chapter 7 relief if you have filed for Chapter 7 and received a discharge of your debts in the last eight years. Chapter 13 has no limit on how often you can file. However, if you are filing for a second Chapter 13 bankruptcy within four years of a previous Chapter 13 bankruptcy in which you received a discharge of your debts, your new debts can only be restructured, not discharged.

Contact Our Office for Information

To learn more about our bankruptcy and debt relief services, call (513) 621-2888 or contact a lawyer online.

Robert R. Jones, Attorney at Law

1900 Kroger Building, 1014 Vine St
Cincinnati, Ohio 45202

We represent clients in Southwest Ohio and Northern Kentucky. Cities and counties we serve include Cincinnati, Fairfield, Wilmington, Mason, Loveland, Covington, Florence, Newport, Batavia, Hamilton, Brown County, Hamilton County, Warren County, Butler County, Clermont County, Boone County, Grant County, Campbell County, and Clinton County.