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Chapter 7 Bankruptcy:
Akron & Cleveland, Ohio

What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy, with help from Akron bankruptcy attorney, Dean Paolucci, sets you free of owing credit card companies, medical bills, auto loans, old utility bills, old cell phone bills, payday loans, and most unsecured debts. Filing Chapter 7 bankruptcy in Akron, Ohio is governed by the United States Code and is a federal right. No debt is worth the stress and anxiety caused by impending threats from debt collectors. Chapter 7 is a great financial decision to start living free again, it eliminates your debt and stops debt collectors from calling you. Chapter 7 isn’t embarrassing, it’s smart and we’re here to help you through the process.

Chapter 7 bankruptcy, a common scenario in Akron, Ohio

It could have started out as a small, $500 credit card for emergencies. It’s what people tell you to do: get a credit card, use it a little, and make sure you pay more than the minimum owed each month to build your credit. So, you do it and you’re keeping up on the payments; your credit score is growing. It feels pretty good managing your finances and being responsible for your positive credit score. For about six months, you’ve been paying your rent, bills, cell phone, car payment, insurance, and groceries and logging in to pay your small credit card bill on time each month. After all your expenses, you still have a little left over from your pay check each month to live and put away (if only it could have stayed that way). That might have been the last time you felt financially free of anxiety each morning, day, and night. It might have been the last time you remember your chest and shoulders free of heavy, past due debt.

All of a sudden, you can’t get away from it. Your mailbox and email are stocked full of credit card offers and, to “reward” you for your financial responsibility of paying your small credit card bill on time, they offer high credit limits and cash-back rewards if you sign up for a new credit card right away. They make it seem exciting and the more you use it, the more you’re rewarded with cash, airline points, gas, and anything to keep you spending more, more, and more. So, because it just takes five minutes and it all sounds so good, you sign up for a credit card that you really can’t afford.

The problem: credit card companies don’t really know how much you can afford. In a very clever way, they talk you into charging everything from gas to bills; promising high rewards. Then, when the inevitable time comes when you’re late on a payment or simply can’t afford the payment, they add late fees and triple your interest rate. Larger balances mean more interest and interest is how credit card companies make money. They’re relying on you to miss a payment and their entire business is spent marketing great rewards for charging everything and anything.

A year later, you’re feeling trapped. You may feel like you can’t breathe or make another move forward in your life until you can pay back all your debt. You might be facing wage garnishments or other threats from debt collectors. You might feel like you’re living your life to pay creditors. It’s probably really hard to even face that amount of debt even when you do have a little extra money to try to pay down your balance.

Chapter 7 bankruptcy is more common than you might think. The financial situation you just read about is typical for a Chapter 7 bankruptcy case in Akron, Ohio or anywhere for that matter. Filing Chapter 7 in Akron set this person free of their past due debt forever.

How Chapter 7 can help you get on with your life

As much as your debt, creditors, threats, and stress has made you sick, it makes us sick, too and that’s why we’re in business; it’s why we started a bankruptcy law firm. We want to help the people of Akron, Ohio and Dean Paolucci is the Akron bankruptcy attorney to relieve your financial situation with Chapter 7 bankruptcy. We understand your stress and care about making your life better.

Chapter 7 Bankruptcy might completely relieve your worries, your anxiety, and your debt. If you’re feeling overwhelmed by your debt, even a little bit, know that Chapter 7 is a Civil Right and in Akron, Ohio Dean Paolucci is your guide in bankruptcy law. As soon as you sign up for your Chapter 7 bankruptcy, your debt collectors should stop calling you. Your stress is immediately reduced when your phone stops ringing day and night.

Along with credit card debt, Chapter 7 bankruptcy will eliminate a lot of other debt. We help a lot of people get rid of their medical bills, payday loans, car repossessions, and most other unsecured debt.

If your financial situation doesn’t exactly match the above financial situation, that’s okay and that’s what makes Chapter 7 Bankruptcy such a good solution for most people. It’s an option for most anybody to clear their debt with very few eligibility requirements. If you’re feeling overwhelmed by your financial situation and can’t keep up with your monthly expenses, filing Chapter 7 in Akron is probably a smart financial decision.


Debts usually eliminated in Chapter 7 bankruptcy cases in Akron, Ohio:

|credit card debt, including fees & interest

|payday loans

|collection agency accounts

|medical bills

|personal loans

|utility bills (past due amounts only)

|bounced & dishonored checks (unless fraudulent)

|vehicle repossession balances

|auto accident claims (except those involving DUI)

|business debts

|past due rent

|civil court judgments (unless fraudulent)

|unpaid taxes past a certain # of years

|attorney fees (except in child support cases)

|social security overpayments

|veterans assistance loans & overpayments


Debts usually NOT eliminated in Chapter 7 bankruptcy cases in Akron, Ohio:

|certain taxes

|alimony or child support

|debt owed to government for fines and penalties

|debts for injury caused by the debtor’s operation of a motor vehicle while impaired

|attorney fees in child custody and child support cases

|some court fines and penalties

|student loans



CHAPTER 7, THE GOOD:

|Chapter 7 bankruptcy wipes out your debt.

|It gives you a fresh start and you do not have to pay back any of the creditors.

|Most debts are dischargeable, including credit cards, medical bills, repossessions, foreclosures, and judgments.

|You can keep your house and vehicles in Chapter 7 or you can give them up, without further payment.

|Once you hire Paolucci Law, we take all the harassing creditor calls for you.

|Chapter 7 with Paolucci Law gives you peace of mind.

CHAPTER 7, THE BAD:

|Chapter 7 bankruptcy hurts your credit for about 1.5 - 2 years. Your credit score may drop about 100 points.

|You will qualify for credit cards in about six months, and you could buy a vehicle in about six months.

|We advise waiting about two years to buy a house after filing for Chapter 7 bankruptcy.

Contact us and tell us your financial situation, bankruptcy can probably help you.

We stop debt collectors from calling you. Let us know if they're harrassing and we'll handle it.

Paolucci Bankruptcy Law:
AKRON | CLEVELAND