Protecting Assets and Obtaining Debt Relief Under Chapter 13
Chapter 13 is a versatile and effective debt relief tool that can help you to protect your assets while regaining control of your money. Since 1996, thousands of married couples and individuals in Ohio and Kentucky have turned to our seasoned debt-relief attorneys to structure an effective strategy to pay off all, or a substantial portion, of their debts over a three- to five-year Chapter 13 payment plan. This is not a “debt-consolidation” scheme, but a sanctioned legal process for meaningful debt relief under the Bankruptcy Code. With the help of Minnillo & Jenkins CO. LPA, you can make a new financial start.
Call us at +1-513-723-1600 to arrange for a free, no-obligation consultation. An attorney at our firm can evaluate your situation, review your options and recommend the financial strategy that is right for you.
The Benefits of a Chapter 13 Bankruptcy
A Chapter 13 bankruptcy filing is the best choice for people who have income and want to protect their homes and other assets. A Chapter 13 bankruptcy may also be the right choice for a small business owner, rather than a Chapter 11 business bankruptcy. For some, however, a Chapter 7 bankruptcy is best. Minnillo & Jenkins can help you determine the optimal path to take.
In a Chapter 13 bankruptcy, you agree to a debt repayment plan that usually involves a partial reduction in your nonsecured debts, reduced interest rates on your secured debts and extended payments terms. This can provide you with the financial breathing room you need to make a financial recovery. You can keep your house and your retirement assets, and in most cases your vehicles and other personal property. Moreover, if you are underwater on your mortgage and have a second mortgage or more home equity loans, Chapter 13 can help you to eliminate, or “strip,” the junior liens.
Filing for Bankruptcy Stops All Debt Collection Efforts
As soon as Minnillo & Jenkins files a Chapter 13 bankruptcy petition, all creditor harassment will stop, repossession actions will stop and the threat of foreclosure will stop. You will have the opportunity to rebuild your financial life, and eventually your credit rating.
We have four offices conveniently located throughout the Cincinnati-Eastgate-Fairfield-Covington area. Evening and weekend appointments are available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.