Chapter 7 Bankruptcy Lawyer Michael D. Doyle

Making the decision to file for bankruptcy in Elyria, OH can be difficult and overwhelming. With 25 years of experience, Chapter 7 Bankruptcy Attorney Michael D. Doyle is well-equipped to guide you through this challenging process. He is admitted to practice before the United States District Court for the Northern District of Ohio, where bankruptcy cases are heard, and has a deep understanding of the bankruptcy system. His extensive experience allows him to assess your situation and determine if bankruptcy could be a viable and beneficial solution to your financial struggles.

Dealing with financial difficulties can be incredibly stressful. Constant creditor calls, lawsuits, and wage garnishments can feel both embarrassing and financially crippling. Filing for bankruptcy can provide immediate relief by putting an end to these collection efforts and offering you a chance to regain control of your finances.

Declaring Bankruptcy

There are two types of bankruptcy available to consumers seeking to declare bankruptcy: Chapter 7 Bankruptcy, and Chapter 13 Bankruptcy.

Chapter 7 Bankruptcy

• Often called a straight bankruptcy. Most filers qualify for this option.
• Most debts are discharged in this option, meaning you are no longer personally responsible for the debt. Bankruptcy usually cannot discharge most taxes, student loans, and domestic support obligations.
• Many assets, including homes, vehicles, household goods, jewelry, and retirement savings can be maintained unless they have significant value above an “exemption” amount determined by law. However, if you still have an outstanding loan on your home, vehicle or other asset that you wish to keep, you must continue to make the payments.
• In order to file under Chapter 7, you must have inadequate income to pay for debts after paying your reasonable living expenses. Chapter 7 Bankruptcy Lawyer Michael D. Doyle, conveniently located in Elyria, OH, can evaluate your situation and tell you if you qualify for this option.

Chapter 13 Bankruptcy

• Instead of being immediately discharged, your debts are restructured and paid back over three to five years under a payment plan that you can afford.
• Chapter 13 is an option for people with incomes too high or with assets too valuable to qualify for a Chapter 7 bankruptcy.
• Chapter 13 can often help you to avoid foreclosure.
• You can decide whether to keep your home and vehicle and continue to make payments or to surrender them to stop payments.
• If you have judgment liens or second mortgages, these can often be “stripped off” and converted to unsecured debt.

10 Stars If I Could!! “Michael made the impossible possible. Truly a professional attorney at law with the experience and confidence to assist anyone with their defense. Your detriment is to overlook this fine attorney!” - Keith

Chapter 7 vs. Chapter 13 Bankruptcy: Which is Right for You?

When considering bankruptcy in Elyria, understanding the difference between Chapter 7 and Chapter 13 is essential. Each type of bankruptcy serves different needs and has different qualifications and consequences.

Chapter 7 Bankruptcy: Often called “liquidation bankruptcy,” Chapter 7 allows individuals to eliminate most unsecured debt, such as credit cards and medical bills, in as little as three to six months. This option is ideal for those with little or no property or income. While some assets may be sold to pay creditors, many people are able to retain their property through exemptions. Our bankruptcy attorneys will evaluate your financial situation to determine if Chapter 7 is the best option for you.

Chapter 13 Bankruptcy: This form of bankruptcy involves creating a repayment plan to repay a portion or all of your debt over a three- to five-year period. It’s a great option for those who have regular income but are struggling to catch up on overdue debts, such as mortgage payments or car loans. Chapter 13 also allows you to protect certain assets and avoid foreclosure. We will help you craft a customized repayment plan that works within your budget and financial goals.

Whether you’re considering Chapter 7 or Chapter 13 bankruptcy, our Elyria bankruptcy lawyers are here to help you navigate the process with confidence. We’ll explain the pros and cons of each option and help you choose the path that best meets your needs.

Elyria Bankruptcy Attorney

The office of Bankruptcy Attorney Michael D. Doyle is a debt relief agency. We help people file for bankruptcy under the bankruptcy code.

Unlike some bankruptcy law firms, when you call the office of Michael D. Doyle, Attorney at Law, you will not meet with an administrative assistant or low level associate attorney and be given a videotape to watch only to be told that “you don’t qualify” without ever meeting an experienced bankruptcy attorney. You will meet with Bankruptcy Attorney Michael D. Doyle personally in Elyria, OH, to discuss and assess your financial situation to determine whether bankruptcy is the right option for you.

Bankruptcy Services in Elyria: Helping You Find a Fresh Start

At M.D. Doyle Law, we understand that financial struggles can feel overwhelming. Whether you're dealing with credit card debt, medical bills, foreclosure, or other financial hardships, our experienced bankruptcy attorneys in Elyria are here to help. Filing for bankruptcy is a powerful tool that can provide you with a fresh financial start by eliminating or restructuring your debt.

Our team will guide you through each step of the bankruptcy process, ensuring you understand your options and feel confident in your decisions. We specialize in both Chapter 7 and Chapter 13 bankruptcy, tailoring our approach to your unique financial situation. If you’re feeling buried by debt and unsure where to turn, schedule a free consultation with us today to discuss your potential options.

Free Initial Consultation

Call today to schedule your free initial consultation. During your visit, you’ll have the opportunity to speak privately with Chapter 7 Bankruptcy Attorney Michael D. Doyle, who will personally review your situation and guide you through your options. Attorney Doyle will explain how the Bankruptcy Code can provide individuals facing financial hardship with a fresh start, often allowing them to discharge their debts while protecting much of their property.

Attorney Michael D. Doyle has many years of experience dealing with personal bankruptcy. He will be there for you along every step of the process, from the preparation and filing of the Bankruptcy petition to the meeting of your creditors and until discharge. If issues in your case require a hearing, he will be the one to represent you. Your case will not be assigned to another attorney who is not familiar with your personal situation. Payment plans are available for the fees, and full payment is not required before starting your case. You can start your retainer with a minimum payment of $100.00.

Call the Elyria, OH office of Chapter 7 Bankruptcy Lawyer Michael D. Doyle today for your free initial consultation to discuss your case and how you can be assisted in achieving a debt-free life.