Ohio Bankruptcy Law Blog
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...
How to deal with debt collectors
If you have fallen behind on bills, you probably know what it feels like to be hounded by debt collectors on a daily basis, but you may not know that this harassment can be stopped by simply writing a letter. The Fair Debt Collection Practices Act, which was signed...
Make missed mortgage payments a hiccup, not havoc
You thought losing your job was the worst that could happen– until you got too far behind on your mortgage. Now you’re at risk of losing your house, and you don’t know where to turn. Over 33,000 foreclosure cases were filed in Ohio last year. Things can seem hopeless...
What can you keep when you file for bankruptcy?
When you file for bankruptcy, especially Chapter 7, a court helps you get rid of your debt so you can start over. As part of that process, if you have any assets or possessions, a court may ask you to sell them to help pay off part of your debt. You may worry that you...
I want to file for bankruptcy: should I choose Chapter 7 or 13?
If you've made the decision that you want to find relief from debt through bankruptcy, it can be challenging to know what type will most benefit you. Both Chapter 7 and Chapter 13 can help you get your life back on track, but there are critical differences between the...
Understanding and stopping the repossession process
If you find yourself overwhelmed by debt, chances are that you are also dealing with phone calls from creditors and dealing with threats of certain collection actions, including repossession. You may be wondering if an Ohio creditor can actually take your vehicle, and...
Student loans: the numbers and solutions
When the topic of personal debt is brought to mind, credit card accounts are typically at the forefront of concern. Yet another type of debt that has recently moved to the center of public attention in Ohio is that produced by student loans. An overwhelming number of...
Not all debt collection practices are legal
The last thing that Ohio residents who have debts that they are finding it difficult to pay need to deal with are annoying and overly pushy debt collectors. Fortunately there are laws in place that protect consumers from what may be harassing activities. However,...
Not all collectors of debt must abide by the FDCPA
The Federal Trade Commission is the United States' consumer protection agency. Its duties include enforcing the Fair Debt Collection Practices Act for Ohio consumers as well as consumers throughout the country. This law makes it illegal for debt collectors to use...
