Ohio Bankruptcy, Dayton Bankruptcy
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What do I have to disclose about my finances in a bankruptcy filling?

What do I have to disclose about my finances in a bankruptcy filling?

: Richard West Law Office

Bankruptcy requires that you fully disclose all of your assets, all of your liabilities, and list all of your income from all sources as well as all of your expenses. In order for the court to make a determination as to whether not you are eligible for the bankruptcy
relief you seek, the court has to be fully informed about your assets and your ability to pay. Today, bankruptcy law uses the median income for your family size as a guide to determine whether or not you would be eligible to file a chapter 7 or presumably have
enough money to pay some of your debt and should file a chapter 13.

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