Cleveland, OH Chapter 13 Bankruptcy

Look no further than Blomgren & Bobka in Cleveland, OH for Chapter 13 bankruptcy attorneys. Chapter 13 bankruptcy is a potential solution for people who have fallen behind on payments to creditors despite gainful employment or other regular income. It is a more complex process than Chapter 7 "liquidation" of debts, but a sound option in many situations.

With all the turmoil in the housing market and overall economy, many people are turning to Chapter 13 as a means of saving their homes from foreclosure. If you are able to make mortgage payments on time after filing your bankruptcy, a Chapter 13 may allow you to catch up on back payments over a period of the next 3 to 5 years.

Whether this will work for you requires taking a hard look at factors such as how far behind you are, an accurate valuation of your home, and your overall financial picture.

Other reasons to choose debt relief through Chapter 13 "wage earner" bankruptcy include:

• Desire to protect specific assets that would be forfeited in a Chapter 7 case
• An income level that prevents you from passing the means test required to file Chapter 7
• Needing time to pay back taxes, family support, or other debts that cannot be discharged
• Having filed a previous Chapter 7 bankruptcy discharged within the last eight years

Anyone considering Chapter 13 bankruptcy should see a lawyer who will take the time necessary to fully explain the process. We are committed to exploring all options and helping you make decisions you do not regret later. If Chapter 13 is the answer for you, we are willing to serve and represent you for the duration of your case.

Contact Blomgren & Bobka at 216-622-1234 to learn more about Cleveland, OH bankruptcy law options. Call for a Free Consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.