The simple answer to whether you have to include all of your property in bankruptcy in Ohio, or in any other state, is yes. Many people, though, do not want to include some of their property, such as a car or a house. If you’re … [Read more...] about Do I Have To Include All My Property In Bankruptcy In Ohio?
Chapter 7 Bankruptcy
Last updated Aug. 31, 2017. Bankruptcy is designed to help you get back on sound financial footing. That can’t happen if you still have to worry about creditors garnishing your wages or foreclosing on your home. So, bankruptcy … [Read more...] about What is the Automatic Stay? What is the Penalty for Creditors Who Violate It?
Last updated Sept. 26, 2017. First, let’s make a distinction between creditors and debt collectors, because they have to follow different rules under different laws. Your creditor is the person or party to whom you owe the … [Read more...] about Can a Creditor Contact Me After I Hire a Lawyer?
Last updated Jan. 28, 2018. You probably already know that bankruptcy is going to impact your credit. In fact, fear of that impact may be what’s keeping you from filing. So how much does bankruptcy affect your credit … [Read more...] about How Much Will Bankruptcy Lower My Credit Score?
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 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 … [Read more...] about Should My Corporation or LLC File for Chapter 7 Bankruptcy?