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The Pros and Cons of Filing for Chapter 13 Bankruptcy: Is It Right for You?

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  The Pros and Cons of Filing for Chapter 13 Bankruptcy: Is It Right for You? As experienced bankruptcy attorneys at Kennedy, Purdy, Hoeffel, & Gernert , we understand that deciding to file for bankruptcy is a daunting task. While Chapter 13 bankruptcy can provide a lifeline for those drowning in debt, it's important to weigh the significant pros and cons of bankruptcy before making any decisions. Here, we explore both sides to help you understand whether it's the right choice for you. The Pros of Filing for Chapter 13 Bankruptcy 1. Debt Reorganization: The primary advantage of Chapter 13 bankruptcy is the reorganization of your debts. Rather than wiping them out, as in Chapter 7, Chapter 13 allows you to establish a manageable, court-approved payment plan based on your income. 2. Home Protection: Under Chapter 13, you can prevent foreclosure and stay in your home. You'll just need to keep up with bankruptcy plan payments and your current mortgage. 3. No Direct Conta

Why You Need An Attorney for Your Bankruptcy: Legal Advice for Bankruptcy

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Facing bankruptcy is a challenging and often overwhelming experience. It's a situation that can have a significant impact on your financial well-being and future. When dealing with such complex legal matters, it's essential to have an experienced attorney by your side to guide you through the process. At Kennedy, Purdy Hoeffel, & Gernert, we understand the intricacies of bankruptcy law and are committed to helping individuals navigate these difficult times. In this blog post, we will highlight why seeking legal advice for bankruptcy is crucial and how our law firm can assist you in achieving a fresh financial start. In-depth Knowledge of Bankruptcy Law Bankruptcy law is intricate, and the legal requirements vary depending on the type of bankruptcy you are filing. An experienced attorney specializing in bankruptcy law has an in-depth understanding of the complexities, procedures, and legal implications involved. They can provide you with the necessary legal advice tailored t

Top Mistakes to Avoid When Filing for Bankruptcy

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Filing for bankruptcy is a significant step toward financial recovery, but it's crucial to navigate the process carefully. Making mistakes during your bankruptcy claim can have severe consequences and may even result in your claim being denied. In this blog post, we'll highlight the top mistakes to avoid when filing for bankruptcy, ensuring a smoother process and a higher chance of a successful outcome. The bankruptcy law experts at Kennedy, Purdy, Hoeffel, & Gernert are here to guide you through this challenging journey. Neglecting to Seek Professional Guidance One of the most critical mistakes individuals make is attempting to file for bankruptcy without consulting a qualified bankruptcy attorney. Bankruptcy laws are complex, and a knowledgeable attorney can assess your unique circumstances, provide legal advice, and guide you through the entire process. Kennedy, Purdy, Hoeffel, & Gernert specializes in bankruptcy law and can help you navigate the intricate details o

Common Myths About Chapter 7 Bankruptcy in Ohio: Debunked By The Professionals At Gernert Law

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If you're struggling with overwhelming debt in Ohio, filing for Chapter 7 bankruptcy may be a solution. Unfortunately, there are many myths and misconceptions about bankruptcy that prevent people from seeking the help they need. In this blog post from the professionals at Gernert Law , we'll debunk some common myths about Chapter 7 bankruptcy in Ohio and explain why it may be the right choice for you. Myth #1: Chapter 7 Bankruptcy Will Ruin Your Credit Forever While it's true that bankruptcy will stay on your credit report for up to ten years, the impact on your credit score can be temporary. In fact, many people who file for bankruptcy are able to rebuild their credit within a few years. By taking steps like paying bills on time, keeping your credit utilization low, and opening new credit accounts responsibly, you can begin to rebuild your credit score after bankruptcy. Myth #2: You'll Lose Everything You Own Chapter 7 bankruptcy is sometimes called "liquidation&q

Protect Your Loved Ones From The IRS: Estate Planning

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Protect your family from financial hardship with an estate plan. In today's world, so much of our time and energy is focused on "the now," that we often don't think about the future, nor do we want to. Although it may be easier to avoid the inevitable consequences of a family death in the short term, it will be more difficult for your loved ones to face adversity without a legally-recognized plan. The following advice will help you craft a preparation plan: Protect Your Assets With a Will Although we would all love to believe that we automatically have the legal right to our family's inheritance after death, the government will not recognize this as truth unless the testator (the will-maker) signs permission. When you sign a will, you assure that your assets will be distributed as you wish and will not be seized by the government. This is especially important if you plan to grant your family access to essential possessions like your home. Appoint a P

Criminal Law: What If I'm Innocent?

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Good, lawful representation keeps you out of the cuffs. Unfortunately, 2-10% of people placed in U.S. jail are wrongfully convicted. This may seem like a small percentage, but when you consider there are currently about 2.1 million people in prison, then 210,000 people incarcerated are innocent. This is a very big number, and it's a number group that most people do not think they will ever become a part of. However, life is unpredictable, so if you have ever wondered "how do innocent people become guilty in the eyes of the law? What would I do if this happened to me?" keep reading to learn more. How do people become wrongfully convicted? There are many ways that law enforcement personnel are led to the wrong trail. From faulty memory of the victim to intentionally dishonest witnesses, there is no question that things can turn sour fast in the courtroom. And, a bad situation can become even worse with inexperienced lawyers who are not prepared to handle the cas

Am I entitled to compensation? Personal injury

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Could you be entitled to compensation? Personal injury lawyers near Galion, Ohio, discuss how personal injury claims work.  If you've recently been involved in an unfortunate event, you may be qualified for personal injury benefits. You may be wondering, what exactly is personal injury? And how does a personal injury case work? Personal injury involves any event that has caused your body physical or emotional harm. If you have evidence that a business or a person is responsible for this injury, then you have a personal injury case on your hands. So, why file a claim for personal injury? The urgency to file a claim depends on the individual. In most cases, personal injury results in medical bills and time off work, which can make it difficult to pay bills during the healing process. A successful personal injury claim can help prevent this scenario, so you can have ultimate confidence that your finances are protected and taken care of.  Filing your claim is easy when you have the rig