Last updated Nov. 28, 2017. If you are considering bankruptcy, you may be concerned about whether property you own can be taken to pay your creditors. In a Chapter 7 bankruptcy case, the trustee can theoretically sell property to … [Read more...] about Ohio Bankruptcy Exemptions: What Property Can I Keep in Chapter 7?
Ohio Bankruptcy Exemptions
Will Filing for Bankruptcy Stop Foreclosure in Ohio?
Last updated July 28, 2017. Yes, filing for bankruptcy will stop foreclosure in Ohio, or any other state for that matter, at least on a temporary basis. The minute a bankruptcy case is filed, an injunction known as the automatic … [Read more...] about Will Filing for Bankruptcy Stop Foreclosure in Ohio?
Ohio Homestead Exemption in Bankruptcy
You've probably heard the homestead exemption and other property exemptions described as "bankruptcy exemptions." While these exemptions are applied in Ohio bankruptcy cases, they weren't created just for bankruptcy. State law … [Read more...] about Ohio Homestead Exemption in Bankruptcy
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 … [Read more...] about Bankruptcy exemptions: can a trustee or one of my creditors object?