Ohio Bankruptcy Law Blog
What is a Chapter 13 repayment plan?
You have a few different options when you file for bankruptcy in Ohio. Some people file for Chapter 7 bankruptcy, but they might have to give up a few of their assets to pay off their debts. If you want to keep most of your assets, Chapter 13 offers a different way to...
Bankruptcy: When it’s time to begin the process
Although no one wants to go through bankruptcy, the process isn't a life-ending situation. In fact, it could make your life a lot easier to manage as you no longer have to deal with creditors or make large payments each month. However, issues arise during a bankruptcy...
Will I still have debts after Chapter 7 bankruptcy?
If you are like many in Ohio, the recent global events have raised concerns about your financial future. Business closures, work slow-downs and layoffs have filled many families with uncertainty. Perhaps you are among those who have maxed out your credit cards or...
Common reasons to file for bankruptcy relief
At some point, every adult struggles financially. Some may be fortunate to see the warning signs and make adjustments before things get out of hand. Others are not so lucky when bad choices catch up with them or unexpected expenses blindside them. It is likely that...
Putting a stop to wage garnishment
Creditors are known to file lawsuits against borrowers who do not repay money owed to them. One legal remedy used to recover this money from borrowers in Ohio is wage garnishment. Creditors who win a successful judgment against a borrower can ask a judge to order a...
Special bankruptcy protections for members of the armed forces
If you currently serve in the U.S. military or have served in the past, you have sacrificed for the good of the country. You may not, however, have enough financial resources to pay credit card bills, student loans, medical debt or other expenses. Filing for...
Making the most of an automatic stay
Whether you file for bankruptcy in Ohio or any other state, you will be granted an automatic stay of creditor contact. In most cases, the stay goes into effect as soon as your petition is received by a bankruptcy court. Once it is in effect, creditors cannot make...
Should you choose bankruptcy or debt consolidation?
When you are struggling with bills you cannot afford to pay, you might have some confusion about the various debt relief options. From debt counseling to mortgage modification, debt consolidation to bankruptcy, how can you determine which route is best for your...
Get to know your bankruptcy trustee at the 341 meeting
The 341 meeting is an important stop on your journey to a brighter financial future. Officially, this is a meeting of creditors, but it is also where you and your trustee will meet for the first time. Why the name Whether you file Chapter 7 or Chapter 13, you must...
Coronavirus and Bankruptcy in Ohio
In addition to creating serious health concerns, the Coronavirus spread is wreaking havoc on our economy. We share the concerns of everyone during this difficult and stressful time as we see the record increase in unemployment filings. The list of businesses closing,...
