Cincinnati Bankruptcy Lawyer - Ryan J. Ruehle Attorney at Law, LLC

Chapter 7 bankruptcy is often erroneously called a "liquidation bankruptcy." However, only about 0.5% of Chapter 7 filings result in the significant sale of property. An experienced attorney may be able to help you secure exemptions for most or all of your property, including homes, vehicles, and other items. It is a bankruptcy option available to many individuals and is a useful way to minimize debts and regain control of your finances. It is unique from other types of bankruptcy and may allow for certain properties to be retained.

If you or someone you love is in need of professional legal counsel regarding your financial options, contact the Cincinnati chapter 7 bankruptcy attorneys at the Law Office of Ryan J. Ruehle by calling 513-777-0880. You can also visit our Chapter 7 bankruptcy page for more information.

Our offices are located at:

810 Sycamore Street,
4th Floor
Cincinnati, OH 45202

7665 Monarch Court,
Suite 106
West Chester, OH 45069

504 Erlanger Road
Erlanger, KY 41018

Due to recent law changes, it is more difficult to file for Chapter 7 bankruptcy. Although, if you are really in a situation where you can not repay the debt you have acquired, it may be your best option. The government prefers for individuals to file for Chapter 13 bankruptcy so that they can pay out some or all of their debt over and extended period of time.

Q: How Can I Rebuild My Credit After Bankruptcy?
A: Their are a number of steps a person can take may improve his or her credit after bankruptcy. A few of them include discharge results in an improved debt-to-income ratio, use credit cards wisely, cosign loans, and seek help from a unscrupulous credit-repair service.

Q: What is a workout?
A: A workout is an agreement between the debtor and his or her creditors for payment of the debts between them that is negotiated without all the bells and whistles, and perhaps the stigma, of the bankruptcy process.

Q: What are the effects of a salary increase on a wage-earner plan under chapter 13?
A: It seems only fair that if the payment plan does not project paying debts in full and more income than was planned for is actually realized that the extra money should go to the creditors, and not be retained by the debtor. In fact, courts often subscribe to this view that the debtor should not be unjustly enriched to the detriment of creditors. However, the debtor may be allowed to retain the increase in income unless the increase is significant and there are no offsetting increases in expenses.

We have three offices to better serve our clients in Ohio and Kentucky, contact us today for more information about bankruptcy law:

Cincinnati
810 Sycamore Street,
4th Floor
Cincinnati, OH 45202
Phone: (513) 621-0999
Fax: (513) 621-8703

West Chester
7665 Monarch Court
Suite 106
West Chester, OH 45069
Phone: (513) 777-0880

Northern Kentucky
504 Erlanger Road
Erlanger, KY 41018
Phone: (859) 331-STOP (7867)