Bankruptcy and COVID-19 (coronavirus). The nation is taking a devastating hit.

Updated on 4/28/2020: The newly enacted Small Business Reorganization Act strikes a balance between Chapter 7 and Chapter 11 Bankruptcies for small businesses by lowering costs, streamlining the process, and letting you keep control of operations. Call Attorney Erik W. Laursen to find out more. (513) 457-5545

I get it and am here to say that's okay. That's why I take a different approach to Ohio bankruptcy.

Most firms that work on bankruptcy law treat the practice as a factory. Frankly, they seek to have as many bankruptcy clients churning through the process as possible.

I don't. For several years, 90% of my bankruptcy clients have been direct referrals, either from other attorneys or from former clients. These clients come to me because I work with professionalism and discretion and I do my best to make your difficult times as easy as possible.

Are you are in financial distress? Contact me to schedule a no-obligation, cost-free meeting to discuss your options.

Usually it is one of the big three that results in a bankruptcy filing: Divorce, Job Loss, Illness. These situations put families and businesses on uneven financial footing. But whatever the reason is, bankruptcy laws exist to help you start over fresh.

In general, there are two forms of consumer bankruptcy, Chapter 7 and Chapter 13.

Chapter 7 is what most people think of when they think of bankruptcy. It wipes out unsecured debt (credit cards, medical bills, check cashing, loans, traffic fees, etc.) and you get a "fresh start."

Chapter 13 is a bit different. You go on a three to five year payment plan to get caught up on secured debt (your mortgage, your car payment) and pay back a portion of your unsecured creditors, sometimes as little as a penny on the dollar.

The truth is, it depends. That is why I encourage you to contact me now so we can talk face-to-face. At the end of a consultation you will have my flat fee quote in writing. And it is likely less than the monthly minimum payments on the credit cards that are wearing you down and keeping you up at night.

For more information about bankruptcy, please view a recent bankruptcy presentation I made at the Hamilton County Law Library. The video covers both how bankruptcy works and how it can help you.

WE ARE A DEBT RELIEF AGENCY.