Cincinnati Student Loan Attorneys
Student loans, although beneficial in helping you achieve higher education opportunities, can unfortunately become a serious burden, especially when you are simultaneously managing other debts. High interest rates and monthly payments can become difficult to handle, but there are legal options that could help you avoid harsh penalties, like wage garnishment, and allow you to regain your financial footing.
The Cincinnati student loan attorneys with Ryan J. Ruehle Attorney at Law, LLC, know there are numerous loan repayment options available that may ease your financial burden, reduce monthly payment costs, and ultimately lead you to long-term financial freedom. Chapter 13 bankruptcy in particular is one way to create an effective repayment plan and offer you a more manageable way to re-pay your student loans. Debt may seem like a never-ending burden, but our Cincinnati legal team possesses the resources and knowledge to help you get your finances back on track.
Benefits of Chapter 13 Bankruptcy
Debt accumulated by your student loans cannot be discharged by declaring bankruptcy. However, Chapter 13 bankruptcy does offer numerous benefits that could allow you to gain control over the rest of your finances, thereby providing a more reasonable way to pay back your student loan debt. Important aspects of Chapter 13 bankruptcy include:
- Helps you manage existing debts
- Reschedules secured debts
- Creates a realistic repayment plan
- May lower payments
- Helps avoid wage garnishment
- Avoids default on student loans
- Can save you from home foreclosure
Our Cincinnati student loan lawyers are committed to helping people avoid the negative consequences of loan defaulting, such as wage garnishment and tax refund extraction. A Chapter 13 repayment plan can restructure your loan payments and give student loan borrowers a plan they can realistically follow.
Contact a Cincinnati Student Loan Attorney For Help
If you are struggling with student loan payments, our Cincinnati team may have solutions that can help you move forward. Our Cincinnati student loan attorneys are well-versed in legal strategies that can guide you out of significant debt, and we may defend you in the event of any legal action related to student loan debt. Contact Ryan J. Ruehle Attorney at Law, LLC, at (513) 621-0999 today to enlist the help of our Cincinnati bankruptcy lawyers.