Ohio Bankruptcy Law Blog
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...
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...
