Frequently Asked Questions about Ohio Chapter 13 Bankruptcy
Massive debt is overwhelming and stressful, and you may be considering filing a petition under Ohio Chapter 13. To many, that is an extreme measure as a bankruptcy filing stays on your credit report for between 7-10 years. Further, new and stricter rules under Ohio Chapter 13 bankruptcy require that you qualify to meet certain criteria before taking this step.
Important Criteria Under Ohio Chapter 13 Bankruptcy
An important hurdle before filing for Ohio Chapter 13 bankruptcy is that you must prove you have sufficient income to make the pre-established payments to creditors. Your income has to be stable and regular to qualify for this kind of bankruptcy filing.
Under Ohio Chapter 13 bankruptcy, certain priority debts such as child support and alimony may have to be paid in full. Repayment may take between 3-5 years before your debts are fully discharged.
Filing for Ohio Chapter 13 bankruptcy is a complex procedure and you are likely to incur high attorney fees. With excessive debt for unsecured borrowings, you are not able to petition for Ohio Chapter 13 bankruptcy.
Is Ohio Chapter 13 bankruptcy for you?
Everyone has at some time made costly mistakes, but all of you deserve a chance to start anew. Do not let debt control you, take charge of and regain control of your financial future. With debt settlement through Impac, you may achieve financial freedom in as little as 12-36 months. Further, you may only have to pay up to 50% of your original debt with a workable payment plan as per your choice.
When you embark on Impac debt settlement, the harassing creditor calls are immediately stopped and you avoid the "stain" of Ohio Chapter 13 bankruptcy.
At Impac, they understand that onerous debt is an embarrassing issue to many people who feel they have failed. Rest assured that the Impac debt settlement specialists completely understand what you are going through and are committed to adopting a positive approach and to come up with practical, low-cost and efficient ways for you to achieve financial strength.
Filing the contact form or calling the toll-free number on the right is the first step towards rebuilding your financial future.
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