Ohio Bankruptcy Q&A
Have questions about bankruptcy law in Ohio? Get answers from an experienced bankruptcy attorney.
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What property can I keep in Chapter 7 Bankruptcy?
Ohio laws provide an extensive list of property exemptions to be used in bankruptcy.
Can I keep my home and file bankruptcy?
In most cases, yes. Ohio’s homestead exemption allows married debtors to protect up to $250,000 of equity.
Can I eliminate credit card and medical debts?
Yes, Chapter 7 bankruptcy discharges unsecured debts, such as Visa bills.
How long will my bankruptcy case last?
Chapter 7 bankruptcy usually lasts between 4-6 months, Chapter 13 between 3-5 years.
Can creditors call me during bankruptcy?
No. A federal court order known as the automatic stay prevents creditors from contacting you.
Does my husband or wife have to file with me?
No. Married couples can file individually, although the wisdom of this hinges on whether you have joint debts.
Can bankruptcy stop wage garnishment?
Yes. The automatic stay which will stop all collection actions against you for the duration of the bankruptcy.
Am I personally liable for the debts of my business?
It depends on several factors. To find out more, head over here.
How much will bankruptcy lower my credit score?
The lower your score, the less points you’ll lose for filing for bankruptcy and vice versa.