Also referred to as the wage earner’s plan, Chapter 13 Bankruptcy in Cincinnati OH allows debtors to create a payment plan that lets them get current on the debts they have without having to sell any assets. Making the decision to file Chapter 13 is a serious one, and it requires that the person filing understands the obligations and advantages it offers. Bankruptcy lawyers can help a person evaluate their situation and determine whether or not they are a candidate to file for Chapter 13. They can also help the filer avoid any complications or delays.
Attorneys Can Help Prepare the Paperwork
There are quite a few forms a person will have to complete to file Chapter 13 Bankruptcy in Cincinnati OH. The lawyer hired will be able to prepare these forms for the person and then file the paperwork. Any mistakes in this paperwork may lead to a case being delayed, dismissed, or other consequences. A lawyer can help prevent these types of complications by ensuring that all the information related to the person’s debts, assets, and income is correct.
Attorneys can Ensure Documents are Submitted On Time
There are several important deadlines that have to be met when filing for Chapter 13 bankruptcy. If a person fails to submit the documentation on time, the case may wind up being dismissed or delayed. For example, the tax return for the most recent year needs to get to the bankruptcy trustee at least seven days before the initial setting of the 341 Meeting of Creditors. Additionally, the person filing for bankruptcy has to submit their state and federal tax returns for the past four years by one day before the first 341 Meeting of Creditors.
Any time a person makes the decision to file bankruptcy, it is an important decision that comes with a number of responsibilities. Hiring an attorney can help ensure the meeting is successful and no issues arise that may delay or cause the case to be dismissed. Those who are thinking about filing Chapter 13 bankruptcy can take some time to contact us. Being informed is the best way to ensure a bankruptcy is successful.
