Attorneys Edward Hizer and Brian Hizer

Toledo Chapter 7 Bankruptcy Attorney

Experienced Toledo Chapter 7 Bankruptcy Lawyer providing Personal Chapter 7 Bankruptcy Attorney legal needs in Toledo, Northwood, Oregon, Sylvania, Lucas County, Wood County, and the surrounding Northwest Ohio communities.

Call Lawyer, Brian Hizer at 419.841.3600

Call Lawyer, Edward Schimmel at 419.693.0911

The purpose of a chapter 7 bankruptcy is to wipe out your debts, allowing you to get a "Fresh Financial Start".

In a chapter 7 bankruptcy a trustee will be appointed by the court to liquidate (sell) all assets which do not fall under the bankruptcy exemption guidelines. The net proceeds collected in the liquidation of the non-exempt assets are then distributed to your creditors.

Debts which cannot be included for discharge in a Chapter 7 bankruptcy may include, but not limited to:

  • Alimony spousal support;
  • Child support;
  • Fraudulent debts;
  • Certain taxes;
  • Student loans;
  • And certain items which have been charged.

Typically an individual who files for a Chapter 7 bankruptcy has a large credit card debt which may include multiple credit cards, various unsecured bills with may be associated with various assets which the payment status may or may not be delinquent.

In many Chapter 7 bankruptcy situations you may be able to keep specific secured debts such as your car, furniture, or home, as long as you reaffirm your commitment to continue paying these debts. In order to keep these items in a successful Chapter 7 bankruptcy you must voluntary sign a "reaffirmation agreement", which stipulates that you cannot file bankruptcy to discharge the debt of these items for 6 years.

The purpose of the "Reaffirmation Agreement" is to protect "reaffirmed" debtors, as well as ensuring an individual does not try to abuse the bankruptcy process.

If you require experienced legal advice and representation from a qualified Chapter 7 Bankruptcy Law attorney (lawyer), please call our offices to schedule a confidential legal consultation.

Call Lawyer, Edward Schimmel at 419.693.0911

Call Lawyer, Brian Hizer at 419.841.3600

TOLEDO CHAPTER 7 BANKRUPTCY ATTORNEY PROVIDING PERSONAL CHAPTER 7 BANKRUPTCY LAWYER SERVICES IN TOLEDO, NORTHWOOD, SYLVANIA, OREGON, MAUMEE, PERRYSBURG, BOWLING GREEN, LUCAS COUNTY, WOOD COUNTY, AND THE SURROUNDING NORTHWEST OHIO COMMUNITIES.

CALL US TODAY AT    419.693.0911 in the Toledo / Northwood Area or 419.841.3600 in the West Toledo / Sylvania Ohio Area

Toledo Ohio and Northwest Ohio Attorneys Attorney, Edward Schimmel & Brian Hizer | Hizer & Schimmel | 419.693.0911 or 419.841.3600

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