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, … [Read more...] about Ohio’s Homestead Exemption Protects Your 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 … [Read more...] about Can I Keep My House in Ohio and File Bankruptcy?
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 … [Read more...] about Bankruptcy and Divorce: What You Need to Know
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 … [Read more...] about Filing Bankruptcy Won’t Get You Out of Jail For Delinquent Child Support
Last updated May 14, 2018. Under Chapter 7 bankruptcy law, the court may dismiss your case if it believes that relief is unwarranted based on your financial circumstances. 11 USC § 707(b)(1) reads: After notice and a hearing, … [Read more...] about What Happens If the Trustee Moves to Dismiss My Bankruptcy Case?
The Binding Effect of Chapter 13 Confirmation Under the legal doctrine of judicial estoppel, once a Chapter 13 bankruptcy plan has been confirmed, all issues relating to the confirmation of that plan have been resolved. 11 USC § … [Read more...] about Chapter 13 Bankruptcy is Binding Once Approved