Category: Bankrtuptcy Filing

When you first completed the bankruptcy process and received your debt discharged you most likely assumed that it was smooth sailing ahead and that there would be no way of debt ever creeping back into your life. This just isn’t the case in many situations and a financial disaster can strike at any time. It […]

Doctors Debra and Sajid Ravasia of Spokane Washington jointly filed a massive $191 million bankruptcy in January of this year owing as many as 8,000 creditors. Perhaps even a bigger shock than the amount of the private Chapter 7 bankruptcy, is that the settlement that is proposed would allow the Ravasia couple to settle the […]

This question, “what happens when you file bankruptcy?” is a common one for individuals troubled with debt, and the lack of a formalized answer can sometimes cause anxiety and inaction. Not acting on debt is among one of the worst things that you could do, and so we’ll explain exactly what happens when you file […]

Deciding to file for bankruptcy can be an agonizing process, and one that sometimes can lead to feelings of guilt or shame. In order to offer you some respite for these feelings, it’s important to think of the common reasons for filing bankruptcy, and who files for bankruptcy. The common belief is that people who […]

When you file bankruptcy, whether it is a Chapter 7 or Chapter 13 filing, the bankruptcy trustee plays a big role in the process. Once you and your bankruptcy attorney in Cincinnati have filed a successful bankruptcy petition, the bankruptcy court assigns a bankruptcy trustee who will be charged with executing your estate. Trustee Responsibilities […]

Since the new implementation of the 2005 bankruptcy law changes, any person filing a Chapter 7 bankruptcy must pass what is known as the “means test”. This test will compare your income to the median income level of Ohio to ensure that it is below that mark. If it is, then you will most likely […]

One of the primary reasons many people are forced to file for bankruptcy, either Chapter 13 or Chapter 7, is because they are going through a tough divorce. Most often, if you have young children there is also the issue and additional expense of paying child support. Filing for bankruptcy protection will not help get […]

You have done the soul searching and have talked to a local bankruptcy attorney and have come to the conclusion that filing for Chapter 7 bankruptcy protection is the right move for you to make. What paperwork and documentation will the bankruptcy attorney need to help you to move forward with the petition? In the course […]

As a small business owner who is facing the prospect of filing for bankruptcy, the waters can be a little murkier than for the average individual who has only personal unsecured debt. There are a variety of factors that can influence which type of bankruptcy you are eligible to apply for and which bankruptcy protection […]

One of the hardest things that many who seek bankruptcy protection say they have to endure is the period after the bankruptcy and the waiting period that you must endure before you can resume life with the financial freedom that you enjoyed before having to file. If you have sought protection with a Chapter 7 […]