What Can Bankruptcy Do for Me?

• Eliminate the legal obligation to pay most or all of your debts.  This is called a “discharge” of debts.  It is designed to give you a fresh financial start.

• Stop foreclosure on your house or mobile home and allow you an opportunity to catch up on missed payments.  (Bankruptcy does not, however, automatically eliminate mortgages and other liens on your property without payment.)

• Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed.

• Stop wage garnishment, debt collection harassment, and similar creditor actions to collect a debt.

• Restore or prevent termination of utility service.

• Allow you to challenge the claims of creditors who have committed fraud or who are otherwise trying to collect more than you really owe.

DISCLAIMER:  Information adapted from NCLC. Please remember the law often changes. The summary explanations above are for general informational purposes only and are not intended as legal advice. No attorney-client relationship is created herein. Each situation is different and specific legal advice should be sought.

Toledo Chapter 7 bankruptcy attorney Scott Ciolek provides counsel to people in Toledo, Maumee, Bowling Green, Sylvania, Oregon, Perrysburg, Port Clinton, Sandusky, Wauseon, Lucas County, Wood County, Ottawa County, Fulton County, and surrounding communities.