Ohio’s Homestead Exemption Protects Your House in Bankruptcy

Ohio Homestead Protection

Last updated Jan. 30, 2018. Historically, a creditor could take everything you owned in payment of your debt. In the Middle Ages and before, creditors could even take possession of the children of a debtor or the debtor himself if he couldn’t pay. Today, debt slavery is forbidden by law (not to mention all moral… Read more »

Economic Ecosystem of Dayton, OH

Our firm is excited to present this visual guide to the unique economic ecosystem of the city of Dayton. The infographic highlights transportation hubs, major employers, top tourist attractions, and some geographic data. Economic Ecosystem of Dayton, OH by Russ Cope is licensed under a Creative Commons Attribution 4.0 International License.

Discharge is Possible Between a Rock and a Hard Place

In re Jones, __ B.R. __  (Bankr. E.D. Pa. 2013) Student Loans Are Tough to Shake Student loans are permanent. The only way to get rid of them is to pay them off. Even if you file for and successfully complete bankruptcy, your student loans won’t be discharged. The exception from discharge encourages lenders to… Read more »

Should My Corporation or LLC File for Chapter 7 Bankruptcy?

Last updated Oct. 31, 2018. According to the U.S. Small Business Administration, in 2015 there were nearly 30 million small businesses operating in the United States. For various tax, legal, and financial reasons, the owners of many of these small businesses choose to operate them through a business entity, like a corporation or limited liability… Read more »

Can I Keep My House in Ohio and File Bankruptcy?

Keep House in Bankruptcy

Last updated Feb. 26, 2018. Your home is one of your largest assets. Your mortgage is probably the largest loan you’ll ever take out. If you’re struggling to pay your bills, it’s also probably your biggest worry. Bankruptcy might be your best option, but what happens to your home when you file? Keeping Your House… Read more »

Credit Reporting Under the Fair Credit Reporting Act: Know Your Rights

Credit Reporting Consumer Protections This is a guest post by Allan R. Bloomfield, a bankruptcy lawyer practicing in Queens. His offices are located at: 118-21 Queens Blvd., #617, Forest Hills, NY 11375. One of the most important national consumer protection laws is the Fair Credit Reporting Act, which regulates how credit reporting companies report information. … Read more »

Ohio Bankruptcy Means Test for Chapter 7

Chapter 7 Bankruptcy Ohio Means Test Income Limits

Last updated July 31, 2018. When you’re struggling with debt and don’t know where to turn, it’s time to consider filing for bankruptcy. Bankruptcy still seems somewhat taboo in the modern world, but the reality is that millions of people every year need to wipe their financial slates clean and start over fresh. Bankruptcy exists… Read more »

Bankruptcy and Divorce: What You Need to Know

Bankruptcy During Divorce

Last updated Feb. 26, 2018. When it comes to marriages, few things have the magnetic ability to drag down a relationship like the gravitational pull of debt. Given that debt is a major contributor to marital disenchantment, it is no wonder that bankruptcy and divorce seem to intermingle like old friends. Though divorce and bankruptcy… Read more »

How Are Judgment Debts Due to Injury Treated in Bankruptcy?

Rule: Judgment debts incurred by defalcation of a guardian are non-dischargeable in bankruptcy, as are judgment debts for willful and malicious injury. At the end of a successful bankruptcy process, your unsecured debts are discharged. This includes credit card and medical debt. There are exceptions, however, such as student loan debt, which is generally non-dischargeable…. Read more »

Filing Bankruptcy Won’t Get You Out of Jail For Delinquent Child Support

Civil Lawsuits and the Automatic Stay The automatic stay goes into effect when you file for bankruptcy and prevents creditors from pursuing action against your property in an attempt to collect debts. It also stops all civil lawsuits involving the debtor. Any action against a debtor brought after he files for bankruptcy violates the automatic… Read more »