Frequently Asked Financial Questions
The first initial consultation with our attorney is free of charge.
Our fees are reasonable and competitive with fees of other attorneys in the central Ohio area. Mina Nami Khorrami will discuss fees which are based on the type and complexity of the case and will thoroughly explain the terms of our legal services at your initial consultation.
It is not absolutely necessary to bring documents to the initial consultation. However, the more relevant financial documents you bring to the first meeting with the attorney, the more meaningful the first meeting will be, since the attorney can evaluate your case with accurate financial records. Relevant financial records include: any papers you have received from the Court, such as foreclosure proceedings and lawsuits; paycheck stubs or other records of income for the last 6 months; deeds and mortgages to your house or any other real estate you own; titles and memoranda of titles to all vehicles you own or are purchasing; 6 months of recent bank statements; pension, retirement, IRA or 401k statements; tax returns for the last 3 years; and other relevant financial records. You can also obtain a list of required documents by contacting our office.
Certain debts are non-dischargeable in bankruptcy such as taxes and student loans as well as certain specified other debts. However, you should list all your debts, including debts that are non-dischargeable and also debts to family members and friends. Read more.
Generally, you will be able to keep your house and your car, depending on several factors: the value of the house or car, the amount you owe, whether you are current on your payments, and whether you can afford to continue to make payments on your house and car going forward. Read more.
You should consult with us to discuss your unique circumstances, but here is an article on how to keep your tax refund and file for Ch. 7 Bankruptcy. Read more about the treatment of taxes in bankruptcy.
If you are considering filing a bankruptcy petition, you should not give away or transfer any property without discussing the matter with the attorney beforehand.
In a Chapter 7 case, you will need to attend a meeting of creditors approximately 30-45 days after your case is filed. The bankruptcy trustee will conduct the meeting and will ask you a series of questions about your property and your debts. Your creditors can also appear and ask you questions; however, usually creditors do not appear. In a Chapter 13 case, you will also have to attend a meeting of creditors. In addition, you will have to attend an orientation at the Chapter 13 Trustee’s office, as well as a confirmation hearing before the Bankruptcy Court on the acceptance of your Chapter 13 case, where the court determines if the payback to your creditors is fair to you and your creditors under the Bankruptcy Code.
Once your bankruptcy is filed with the Court, the bankruptcy law protects you from most forms of collections, including phone calls, collection letters, lawsuits, garnishments, and creditor harassment.
Pre-bankruptcy planning is allowed, and bankruptcy attorneys do and should go through a client’s assets and provide pre-bankruptcy planning to protect the client’s interests.
In those instances, we would recommend either a Chapter 7 or Chapter 13 bankruptcy if the filing is based on tax liability, depending on the kind and amount of the tax liability, the date the tax returns were filed and whether the tax liability is dischargeable. Read more.
In Ohio, debtors in bankruptcy are entitled to certain exemptions, which permit them to keep certain assets and possessions without losing them in the bankruptcy process.
If you are behind on your mortgage at the time the bankruptcy is filed, and you want to keep your house, we would usually recommend that you file a Chapter 13 bankruptcy, which is a pay-back program.
Call Mina Nami Khorrami today for personalized debt relief and bankruptcy legal help in Columbus, Ohio.