Bankruptcy Attorneys are there for you when an injury, a lost job, a divorce, or an economic downturn results in the accumulation of substantial debt. Creditors’ annoying phone calls, harassing letters, foreclosure actions, and lawsuits further add to the stresses of mounting debts and do nothing to help you pay your bills.
Founded in 1972, the law firm Young, Reverman, & Mazzei Co., L.P.A. can educate you about your rights and guide you through your debt relief options. Our firm is a debt relief agency. We negotiate with your creditors to avoid bankruptcy if it is in your best interest to do so. We also advise you when bankruptcy can resolve your immediate problems and satisfy your long-term financial goals. Actions can be planned and taken in response to litigation proceedings filed against you. Once you file for bankruptcy, creditors must stop all attempts to collect on the debts.
Contact us today to schedule a free consultation to review your debt-relief options.
A chapter 7 case starts when the debtor submits a petition to the bankruptcy court that handles the district in which they reside, their business is organized, or where their main assets are located.
Often referred to as liquidation bankruptcy, Chapter 7 bankruptcy allows you to discharge certain debts. Our team determines how to best apply for important exemptions so that you can keep most, and often all, of your property and assets. The bankruptcy code includes strict income criteria — called the means test — for you to qualify for Chapter 7 bankruptcy protection. Chapter 13 bankruptcy is an option if you earn too much to qualify for Chapter 7 or if you can benefit more from a debt reorganization plan.
There is certain information that must be gathered in order to submit forms that are relative to your marital status. The following details must be provided by the debtor on the Official Bankruptcy Forms, which include the petition, statement of financial affairs, and schedules. Such as a list of all creditors and the amount and nature of their claims as well as the source, amount, and frequency of the debtor's income. You will also require a list of all of the debtor's property and a detailed list of the debtor's monthly living expenses, i.e., food, clothing, shelter, utilities, taxes, transportation, medicine, etc.
Regardless of whether they are filing a joint petition, separate individual petitions, or even if only one spouse is filing, married people must acquire this information for their spouse. When only one spouse files, the court, the trustee, and creditors must know the income and expenses of the non-filing spouse in order to assess the household's financial state.
During Chapter 13 bankruptcy, our bankruptcy attorneys establish a repayment plan for your debts that consolidates the amount you owe, which lowers your monthly payments and permits you to retain valuable property — such as your home or automobile. Banks must halt foreclosure proceedings immediately upon receiving notice of your filing and you are given an opportunity to cure mortgage delinquencies.
Many people believe that bankruptcy court is the only choice left when paying off debts appears to be unattainable; they view it as the last halt on the road to financial ruin. The federal bankruptcy code's Chapter 13 affords the closest thing to a gentle landing, so there is hope even in bankruptcy.
To learn more about your debt-relief options, call the bankruptcy attorneys at Young, Reverman, & Mazzei Co., L.P.A. at 513-400-0000, or contact us online to schedule your free initial telephone consultation. Our firm provides advice and representation for bankruptcy actions in the States of Ohio, Kentucky, and Indiana.
We represent clients throughout Hamilton, Butler, Warren, and Clermont counties. Our bankruptcy attorneys also represent clients located across the river in Covington and Newport, Kentucky, and across the border in Lawrenceburg, Indiana, and in cities along the Interstate 75 and Interstate 71 corridors — including Lexington, Louisville, Florence, Dayton, Monroe, Middletown, and Wilmington.