During a divorce process, our clients occasionally have to face the reality that with their changing circumstances, they cannot afford to pay their bills. We will discuss all options with you and connect you with financial planners and advisors. Ultimately, filing for a Chapter 7 or Chapter 13 bankruptcy might be the option that is best for you.
Bankruptcy is a tool through which people can get financial freedom from their creditors. Filing a Chapter 7 bankruptcy immediately stops all of your creditors from trying to collect debts from you. A Chapter 13 bankruptcy filing allows you to design a repayment plan.
Filing for bankruptcy is a daunting task. The paperwork involved in bankruptcy cases can be quite confusing, and more often than not, your creditors will have teams of lawyers working for them. At Newton Law Firm, we have over twenty years experience with bankruptcy filings. We strive to make the bankruptcy process as simple and streamlined as possible. At the same time, we will work the bankruptcy process for you to make sure you take advantage of all the possible benefits of bankruptcy such as keeping your home, car, and retirement plans.
Bankruptcy is a legal way for you to get a fresh start after your divorce. It is not a panacea nor can it cure every financial problem, but with a solid plan, bankruptcy can help you start your new post-divorce life basically debt free.
At Newton Law Firm, we do not work alone. We have well-established relationships with several Cleveland Ohio financial professionals, including financial planners who specialize in working with women after a divorce, property and business appraisers, certified public accountants and tax experts. We work with these specialists regularly and retain them as experts when necessary.
At Newton Law Firm, we can help you with the following:
- Determine whether filing bankruptcy is the best course of action for you;
- Help you understand the different types of bankruptcy;
- File your petition and all paperwork necessary for bankruptcy;
- Negotiate on your behalf at mediation meetings;
- Represent you in bankruptcy court.;
- Help you with your financial life moving forward to ensure a more stable financial future.