Massillon Bankruptcy Attorney
A Massillon bankruptcy attorney represents individuals in need of a fresh start in the Northern District of Ohio Bankruptcy Court, Canton Division. This bankruptcy court is a federal court that serves a large number of Ohio counties, including but not limited to: Wayne County, Stark County, Holmes County, and Ashland County. Chapter 7 bankruptcy hearings and Chapter 13 bankruptcy hearings take place in the room located on the first door to your left in the Ralph Regula Federal Building and United States Courthouse in Canton, Ohio. The Chapter 13 trustee holds a mandatory informational class just prior to the hearing. This is not the mandatory financial management class, but is simply a class to educate Debtors on the Chapter 13 process.
Two Bankruptcy Chapters Explained By Massillon Bankruptcy Attorney
In a Chapter 7 bankruptcy, one receives a quick discharge of their personal debts in exchange for the liquidation of all non-exempt assets. The Chapter 7 bankruptcy filer usually has few, if any, non-exempt assets. Unless the Chapter 7 trustee has to administer assets, Chapter 7 is a relatively quick process.
In a Chapter 13 bankruptcy, one makes payments for three to five years, but the Chapter 13 trustee does not take any non-exempt assets. Usually, the person filing Chapter 7 either has a higher income or a greater amount of non-exempt assets. Sometimes, the opportunity to strip out a second mortgage or reduce vehicle loans draws individuals towards filing Chapter 13 over Chapter 7. Although Chapter 13 may take longer, the Chapter 13 trustee does not take assets, such as houses and vehicles, but only requires monthly payments.
Call Now To Learn How A Massillon Bankruptcy Attorney Can Help Free You From Crushing Debt
Attorney Gigiano is an experienced Massillon bankruptcy lawyer in Medina County, who practices in the Canton bankruptcy court and Akron bankruptcy court. If you have questions about this or other questions you need answered by an experienced Stark County bankruptcy attorney in Wadsworth or a Canal Fulton bankruptcy attorney in Medina County, please call Attorney Daniel F. Gigiano at 330-336-3330. Attorney Gigiano’s office is located at 102 Main St., Ste. 200, Wadsworth, Ohio 44281.