For more than three decades, Richard A. Sadoff, Attorney at Law, has provided excellent legal services to assist clients with bankruptcy and non-bankruptcy alternatives to meet their financial needs. Servicing the Greater Cincinnati, OH area, including Kenton, Campbell and Boone counties.
Attorney Richard A. Sadoff, a principal of the firm, concentrates his practice in handling debtor's bankruptcy and also serves as a Trustee for Chapter 7 Bankruptcy in the Covington, KY Bankruptcy Court.Our firm offers over 30 years experience in Asset Protection, Tax Law, Bankruptcy, Accounting, Business formation, Preservation of Wealth, Limited Liability Companies.
Attorney Richard A. Sadoff, a principal of the firm, concentrates his practice in handling debtor's bankruptcy and also serves as a Trustee for Chapter 7 Bankruptcy in the Covington, KY Bankruptcy Court.Our firm offers over 30 years experience in Asset Protection, Tax Law, Bankruptcy, Accounting, Business formation, Preservation of Wealth, Limited Liability Companies.
Services
Chapter 7 bankruptcy is the most common form of bankruptcy and is frequently referred to as "liquidation." Under liquidation, non-exempt property of the bankruptcy estate can be sold by a bankruptcy trustee to partially or fully satisfy creditors. Following the distribution of assets to creditors, most debts are discharged, or wiped clean.
Many Kentucky & OH residents want to avail themselves of the benefits of bankruptcy, but they fear the loss of personal property and assets, including their home, car, wages, pensions and retirement accounts. In some instances, this fear is well founded. While bankruptcy is a powerful tool to dispatch debt, selecting the wrong form can force you to give up property.
Richard Sadoff and his associates represent individuals and estates in Ohio and Kentucky through the probate process. Probate is the legal process by which a deceased person's estate is properly distributed to heirs or designated beneficiaries and any debt owed to creditors is paid off. In all likelihood an estate with assets will have to be distributed through probate, whether or not the deceased had a will.
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