Posts Categorized: Chapter 7 Bankruptcy

A Story About Bankruptcy in Dayton, Ohio

I see people every day.  People with pride, work-ethic, and humility.  Unfortunately, many of these people have fallen on hard times.  They are distressed and worried about providing for their families.  I met John and his wife Sandy early in 2011.  They developed careers working for the GM plant, Delphi, in Moraine, just south of… Read more »

Ohio Foreclosure Timeline: How Fast Can the Bank Foreclose?

Ohio Foreclosure Process Timeline

Last updated March 29, 2018. The foreclosure process is complex and intimidating. When will you have to leave? When is it too late to reverse the process? How long does foreclosure take in Ohio? If you’re worried about losing your home to foreclosure, check out this guide to the foreclosure process in Ohio. Ohio Foreclosure… Read more »

Bankruptcy exemptions: can a trustee or one of my creditors object?

Can a trustee or creditor object to an exemption? When you file for Chapter 7 bankruptcy, or “straight bankruptcy”, the bankruptcy trustee evaluates all of your assets to see whether there is anything that can be used to pay back unsecured creditors. In most cases we see, our clients are able to keep all of… Read more »

Will I be able to get credit after bankruptcy?

Last updated Nov. 30, 2018. You probably already know that bankruptcy shows up on your credit report, and has the potential to bring your score down. Many people lose 200-300 points from their credit score after filing for bankruptcy. Others don’t see a big decline, because negative credit events have already done significant damage to their score…. Read more »

Potential Obstacles to the Bankruptcy Discharge

Obstacles to Bankruptcy Discharge

Last updated August 22, 2018. Obstacles to Bankruptcy Discharge Are you considering filing for bankruptcy? Bankruptcy can stop creditors from foreclosing on your home, repossessing your property, and suing you for past due payments. It can even stop debt collectors from contacting you. Those are good things, but the biggest benefit of bankruptcy is that… Read more »