Ohio Bankruptcy, Dayton Bankruptcy
bankruptcy attorney in Dayton Ohio

Category: Bankruptcy

Can a Public School District Declare Bankruptcy?

April 25, 2018 | Posted in Bankruptcy

Typically we view declaring bankruptcy as a personal or business endeavor, however, government entities such as utility boards, school districts, and even entire UC cities can declare bankruptcy if they become insolvent. The US Bankruptcy code anticipated government-run entities running out of money by creating a special chapter, Chapter 9 bankruptcy that allows government organizations […]

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What is a “debtor-in-possession” ?

April 19, 2018 | Posted in Bankruptcy

When a business becomes unable to meet its debt obligations, bankruptcy can be a viable option to correct the issue. Chapter 11 bankruptcy in California is available to struggling businesses and is slightly different from Chapter 13 bankruptcy that individuals file. It begins the same way: with a voluntary petition in bankruptcy court (although creditors […]

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Car Insurance During Chapter 13 Bankruptcy

April 5, 2018 | Posted in Bankruptcy

Filing and receiving a Chapter 13 bankruptcy discharge has many moving parts. In fact, filing Chapter 13 bankruptcy when you own a large amount of property and have several forms of income can become downright complicated. Hiring a Chapter 13 bankruptcy can alleviate a number of concerns just by having a bankruptcy legal expert to […]

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Can One Spouse File Bankruptcy?

March 1, 2018 | Posted in Bankruptcy

Can one spouse file bankruptcy is a common question asked of bankruptcy attorneys in Dayton, OH. It is possible to for a spouse to file bankruptcy without the other, however, filing for bankruptcy is an important decision that will affect the entire family so it’s important to consult your spouse as well as a Bankruptcy […]

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Can I cram down a primary residence in Ohio Bankruptcy?

February 22, 2018 | Posted in Bankruptcy

A cram down is referred to as the process of reducing the loan balance of a secured debt to match the value of the particular property it is secured by. Cramdowns are utilized in Chapter 13 bankruptcy to reduce the principle of automobiles, investment real estate, or certain other properties. While cramdowns have historically not […]

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Owner Financing To Someone Filing Bankruptcy

February 14, 2018 | Posted in Bankruptcy

Owner financing a home to another individual can be a great move for a property owner. You get a monthly payment each month similar to renting, but also retain ownership of the property, including the tax benefits until the home is paid in full. But what if the person you are owner financing files for […]

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Ohio Bankruptcy Watch: Real Alloy Declares Chapter 11

January 10, 2018 | Posted in Bankruptcy

Difficult credit and financing conditions have led Real Industry Inc., owner of Real Alloy, to file for Chapter 11 Ohio bankruptcy. Real Alloy, a secondary aluminum producer based in Beachwood, Ohio filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware where it is incorporated. The company has scrap […]

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How to Prepare for Meeting of Creditors

December 21, 2017 | Posted in Bankruptcy

When you file for Chapter 7 bankruptcy in Ohio, you must attend a meeting of creditors, also known as a 341 creditors meeting. While your Dayton bankruptcy attorney will be able to accompany you to the meeting of creditors, it is you as the debtor that will have to answer the bankruptcy trustee’s questions. Although […]

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Ohio Bankruptcy Exemptions

December 5, 2017 | Posted in Bankruptcy

For those filing Ohio bankruptcy, you must use Ohio’s state bankruptcy exemptions; you cannot use the exemptions established by federal law. The good news is that Ohio offers a much more generous homestead exemption, an exemption you apply to your personal residence, at $136,925 versus the Federal exemption which covers only $23,675. Ohio also offers […]

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Can I File Bankruptcy for Free?

September 13, 2017 | Posted in Bankruptcy

IF you didn’t know, filing for bankruptcy does have a cost associated with it. When you file for Chapter 7 or Chapter 13 bankruptcy there are filing fees, costs for take the required courses, bankruptcy attorney fees, and bankruptcy trustee fees. Many individuals see these costs as a hardship as they have been barley getting […]

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