Ohio Bankruptcy, Dayton Bankruptcy
bankruptcy attorney in Dayton Ohio

Category: Bankruptcy

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 […]

 Contine reading

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 […]

 Contine reading

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 […]

 Contine reading

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 […]

 Contine reading

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 […]

 Contine reading

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 […]

 Contine reading

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 […]

 Contine reading

Objections to Bankruptcy Discharge

September 5, 2017 | Posted in Bankruptcy

In filing for bankruptcy, an individual or business approaches the court with a full record of their finances, both debts and assets, and asks the courts for help in satisfying the debt. If all guidelines are met, then the court will make a ruling to discharge unsecured debt such as medical bills, or any debt […]

 Contine reading

Adversary Proceedings in Bankruptcy

August 30, 2017 | Posted in Bankruptcy

Often simply called an AP in bankruptcy lingo, an Adversary Proceeding is a lawsuit that is filed separately but in relation to a bankruptcy case and resembles a typical civil case. In an adversary proceeding is typically a creditor, trustee, or debtor suing another party over a dischargeability of debt, preference payment, violation of automatic […]

 Contine reading

Investments In Bankruptcy

August 22, 2017 | Posted in Bankruptcy

Both Chapter 7 and Chapter 13 bankruptcy are excellent tools to shed unsecured debts and get caught up with creditors. Yet some individuals with relatively little short term cash to pay back debts, also have long-term investments that they are concerned about losing in a bankruptcy. When moving forward with bankruptcy it is important to […]

 Contine reading