Bankruptcy Advice
Ohio Bankruptcy Options for High Earners
Can You Make Too Much Money to File Bankruptcy? The answer is yes! High income earners have several bankruptcy options to consider. Even if you are employed, have a high-paying job, or multiple sources of income, you may be eligible…
What Can Be Exempt in an Ohio Bankruptcy?
Filing for bankruptcy is a stressful process, you don’t need confusing legal terms and changing laws to make it more difficult. To be clear, bankruptcy is a federal law, but regulations regarding personal property exemptions vary by state. Ohio has…
Bankruptcy Options When You Can’t Afford an Attorney
Filing bankruptcy without a bankruptcy attorney involves risk. The decision can affect the court’s rulings and your long-term financial health. In the state of Ohio, whether or not you have an attorney, the court expects you to follow the bankruptcy…
Are You Ready for a Bankruptcy Consultation? Here’s What to Expect
If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, the first step is to meet with an experienced bankruptcy attorney. This initial consultation serves to understand better your financial situation and begin to plan the way towards…
The Best Effort Requirement in Chapter 13 Bankruptcy: All You Should Know
Bankruptcy trustees understand that everyone’s financial situation is different. That’s why the requirements for completing a Chapter 13 repayment plan are specific to each individual who files. So, what is the best effort requirement in Chapter 13 bankruptcy? The best…
What Happens to My 401(K) in Bankruptcy Chapter 13?
In most cases, reasonable 401(k) and other retirement plan contributions can be continued depending on whether you are capable of meeting your statutory obligations while contributing to your retirement plan. Can I Continue to Make 401(K) Contributions During Chapter 13…
Child Support in the Bankruptcy Process: What to Expect
In Chapter 7 and Chapter 13 bankruptcy cases, different types of debt are handled in different ways. Although child support cannot be discharged by completing the bankruptcy repayment plan, it may successfully help you catch up on payments. Below we…
Should I Liquidate All My Assets When Filing Chapter 7 Bankruptcy?
Good question. Chapter 7 bankruptcy is designed to decrease debt by liquidating assets to pay off creditors. In reality, though, you have some options and exemptions which ensure that you aren’t left with nothing. Chapter 7 bankruptcy works by selling…
Can You File for Divorce & Bankruptcy at the Same Time?
Are you in financial jeopardy at the same time that your marriage has run its course? If so, you might be wondering whether it’s possible to pursue a divorce and a bankruptcy at the same time. Here’s what you need…
What to Expect at the Meeting of Creditors
One of the first steps in the Chapter 7 bankruptcy process is a meeting of the creditors, also known as a 341 hearing. This is the first important meeting with your lawyer, trustee, and creditors which will be held to…
