Chapter 7 bankruptcy offers debtors serious relief. In a chapter 7 bankruptcy, you surrender non-exempt property to the court. That property is sold and used to pay your creditors. The rest of your unsecured debts are then discharged. Most debtors don’t have any non-exempt property, so they don’t have to give up property. That means… Read more »
Posts Categorized: Chapter 7
The Big Ohio Bankruptcy List
Last updated Aug. 31, 2017. If you’re considering filing for bankruptcy, if you’re struggling with debt and wondering what your options are, or if you’re just curious about the bankruptcy process and rules in Ohio, then you’ve come to the right place. We’ve put together a list of everything you need to know about bankruptcy… Read more »
What’s more dangerous: credit card or mortgage debt?
If you’re struggling to make ends meet, you may be facing tough choices. Pay the mortgage or pay the credit card bill? When making that decision, consider how each of these debts is treated in bankruptcy. In the United States, the federal bankruptcy laws are set up to allow debtors a fresh start. Accordingly, there… Read more »
Getting a Mortgage After Bankruptcy in Ohio
Last updated Oct. 30, 2017. You probably already know that filing for bankruptcy is going to affect your credit score. Most people emerge from bankruptcy with a credit score in the range of 500 out of a possible 850. Your credit score affects your ability to borrow and the rate you’ll be able to get…. Read more »
Will My Children Be Left with My Debts If I Die?
Last updated March 29, 2018. When a family member dies, there are often many tasks that need to be performed to put all of the deceased’s affairs in order. There may be a will to file with a probate court; there may be property to dispose of, bank accounts and charitable donations to take care… Read more »
Help! Creditors are Calling My Mom!
Last updated Oct. 30, 2017. It’s no secret — when you’ve fallen behind on a debt, the gloves come off. Creditors will go to great lengths trying to collect on past-due accounts. Collection phone calls to relatives and friends are not uncommon and only add to an already stressful situation. Especially if your parents are… Read more »
What is the Automatic Stay? What is the Penalty for Creditors Who Violate It?
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 comes with some serious protection against creditors trying to collect. The automatic stay is the most important… Read more »
Can I Keep My House in Ohio and File 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 »
Bankruptcy and Divorce: What You Need to Know
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 »
What Happens If the Trustee Moves to Dismiss My Bankruptcy Case?
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, the court, on its own motion or on a motion by the United States trustee, trustee (or… Read more »
About Russ Cope
Russ B. Cope is dedicated to legal standards that go far beyond filing cases — he is interested in your goals. Russ wants to be certain that each client is making an informed decision that will make their life better, and thrives on the interaction between lawyer and client.
