Skilled Bankruptcy Attorneys
Ibold & O’Brien has more than thirty years of experience helping individuals and businesses throughout Northeast Ohio navigate the complexities of bankruptcy. Since the new bankruptcy laws came into effect on October 17, 2005, it has become even more important to hire an experienced bankruptcy lawyer. We are committed to protecting the rights, interests, and property business and individuals that file for bankruptcy.
Experienced Ohio Bankruptcy Lawyers
As a law firm handling Chapter 7, Chapter 11 and Chapter 13 bankruptcies, the new bankruptcy law requires us to disclose that we are a debt relief agency; we help people file for bankruptcy relief under the Bankruptcy Code. We regularly handle bankruptcy for business and individuals. For many bankruptcy filers the new bankruptcy laws will only minimally affect their filing status.
- Chapter 7 Bankruptcy, also called personal bankruptcy or liquidation bankruptcy, is for individuals and small businesses seeking to eliminate their debt though the liquidation. Personal Chapter 7 bankruptcies are most affected by the new bankruptcy law. However, a majority of people will still be able to file a Chapter 13 bankruptcy.
- Chapter 11 Bankruptcy, or business bankruptcy, provides businesses, including sole proprietors, partnerships, and corporations, the opportunity to reorganize their business operation while they negotiate with creditors. The objective of a Chapter 11 bankruptcy filing is to reduce debt and allow a business to continue operations.
- Chapter 13 Bankruptcy, also known as wage-earner bankruptcy, provides individuals an opportunity to consolidate and repay their debts under the supervision of bankruptcy trustee. Some of the debts that can be consolidated under a Chapter 13 bankruptcy include mortgage payments, auto payments, student loans, credit cards, and any other unsecured debts.
Regardless of which chapter of the bankruptcy code our clients are filing under, Ibold & O’Brien is committed to providing compassionate legal advice and representation and helping individuals and businesses move into the future with a clean slate.
Contact our Bankruptcy Attorneys
Please contact the bankruptcy lawyers at Ibold & O’Brien regarding any Chapter 7, Chapter 13 or Chapter 11 bankruptcy matter. Our lawyers can be reached by phone at our Geauga County office 440-607-5228 or our Ashtabula County office 440-437-5295.