Last updated Nov. 28, 2017. If you are considering bankruptcy, you have probably found yourself wondering exactly what, if any, property you own can be taken to pay your creditors. In a bankruptcy case, your property is held in … [Read more...] about Ohio Bankruptcy Exemptions: What Property Can I Keep in Chapter 7?
Ohio Bankruptcy Exemptions
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?
Homestead exemptions have been enacted in most states to protect homeowners from their creditors. Outside of bankruptcy, a homestead exemption protects your primary residence from judgment creditors. Inside the bankruptcy process, … [Read more...] about Ohio Homestead Exemption in Bankruptcy
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?