Ohio Bankruptcy Law Blog
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,...
6 surprising facts about Chapter 7 bankruptcy you may not know
Chapter 7 represents the type of bankruptcy that most individuals choose. If your unmanageable debt has put you in the position of needing legal debt relief, filing for Chapter 7 may well be your most favorable option. You can receive numerous benefits from a Chapter...
What you can keep when you file bankruptcy
Filing for bankruptcy could appear intimidating, especially if there are concerns over how laws may allow an individual to keep certain types of property. A common myth is that petitioners must always sell their house, car or other assets to pay back creditors. ...
What assets can you keep in a bankruptcy filing?
Many individuals who struggle with debt avoid filing for bankruptcy because they fear to lose important possessions. In fact, you may be able to keep your car, home and other assets. While some states rely on federal bankruptcy exemptions or allow individuals to...
