Helping you find debt relief
When mounting debt begins to feel unmanageable, bankruptcy can provide relief. Cleveland law firm Steven S. Davis Co., L.P.A. can help you decide if filing for bankruptcy is the most effective way for you to take control of your debt.
Negotiators of debt relief options:
Bankruptcy is not your only option for managing extensive debt. Experienced negotiator Steven S. Davis routinely works with creditors to develop out-of-court solutions that avoid bankruptcy. Frequently, he can negotiate a smaller debt amount payable in more manageable monthly installments.
Debt analysis assistance:
Steven S. Davis Co., L.P.A. has been assisting people and businesses with overwhelming debts for more than 30 years. The firm analyzes your case to determine if bankruptcy will advance your immediate and long-term financial goals. Attorney Davis reviews your debts, income and expenses and explains the full effects of bankruptcy on your family, business, homeownership and access to credit. If bankruptcy is the right choice, he provides detailed information about the bankruptcy process and a complete picture of the outcome you should expect. Mr. Davis's upfront approach to bankruptcy gives you confidence in your financial future.
Reprieve through automatic stay:
Filing a bankruptcy petition automatically triggers a stay, meaning creditors must immediately stop collection efforts, including letters and phone calls. Steven S. Davis Co., L.P.A. corresponds with your creditors from the moment you file for bankruptcy and act entirely on your behalf.
Your bankruptcy options:
Chapter 11 bankruptcy:
For corporations, partnerships and sole proprietorships, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan.
Chapter 13 bankruptcy:
An option for families facing foreclosure or for those with higher incomes, Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan extending three to five years. This option provides numerous advantages, including the possibility of keeping your home.