Friday, May 29, 2020

How Do I File Chapter 7 Bankruptcy in Ohio?

Most of us know what it’s like to feel financial pressure. Sometimes, the pressure becomes all-consuming. You may find yourself struggling to make ends meet. You might reach the point where you are unable to make minimum payments on your outstanding debts. If this is your situation, bankruptcy may provide a fresh start to a better, stronger financial future.
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Tuesday, April 28, 2020

A Surge of Bankruptcies Will Likely Follow the Coronavirus Pandemic

What impact will the stimulus bill have on consumer bankruptcies?

The coronavirus pandemic has brought about financial ruin for many Americans. Currently, it is estimated that over 16 million people are unemployed, a figure that might grow in coming months. The sheer number of jobs lost due to the pandemic and the ensuing shuttered businesses is simply unprecedented. Bankruptcy attorneys and other experts in the field are bracing themselves for a surge of bankruptcy filings over the summer months to come. OurRead more . . .

Friday, April 24, 2020

Mortgage Forgiveness During the Coronavirus Pandemic

Will I face foreclosure if I cannot pay my mortgage during the COVID-19 shut down?

In a desperate attempt to slow the spread of the coronavirus, entire cities and states have issued mandatory stay at home orders, which require anyone who does not work in an essential industry to stay home besides essential travels. Currently, nine out of ten Americans are under a stay at home order, totaling some 306 million Americans. The result has been millions of Americans out-of-work. Entire industries have been shut down and decimated by the country’s efforts to flatten the curve. Thus far, nearly ten million people have filed for unemployment.
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Thursday, March 19, 2020

Halting Your Foreclosure with Chapter 13 Bankruptcy

How can I delay or stop the bank from foreclosing on my home by filing for bankruptcy?

If you have fallen behind on your mortgage payments, you may be at-risk of losing your home through foreclosure. Each year, one in every 200 homes are foreclosed on, according to the Mortgage Bankers Association. Foreclosure can be a daunting prospect and those facing it may be desperately looking for a way to halt the process. Bankruptcy is one such option. Filing for either Chapter 7 or Chapter 13 bankruptcy can put a temporary halt to the process, while Chapter 13 bankruptcy may even allow you to save your home permanently.
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Monday, March 16, 2020

Dealing with Objections from Creditors in Chapter 7 Bankruptcy

Can creditors stop the discharge of my debts?

Chapter 7 bankruptcy filers are typically individuals who have found themselves burdened by hefty debt. Millions of Americans find themselves in the position of being weighed down by debt each year. In filing for Chapter 7 bankruptcy, your ultimate goal is to obtain a complete discharge of your debt. Chapter 7 bankruptcy can allow you to wipe out certain debts so that you are no longer personally liable and the creditor has no right to collect on the debt. Not all debts, however, are capable of discharge.

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Tuesday, February 18, 2020

The Time Frame of a Chapter 7 Bankruptcy

How long does the average Chapter 7 bankruptcy case take?

After you have researched Chapter 7 bankruptcy and determined it is the best course of action for you, you may have additional questions. You will likely find yourself wondering what the next steps involve and how long the entire process will take. A Chapter 7 case can take several months to complete and will require that you adhere to certain steps to ensure you achieve the discharge of your debts. Our Read more . . .

Thursday, February 13, 2020

What to Bring to Your Bankruptcy Attorney Consultation

What is the most important document to bring for your new attorney’s review?

Once you have made the decision to pursue filing for Chapter 7 or Chapter 13 bankruptcy, you will need to select a potential attorney and schedule your first meeting. You might find your attorney through personal recommendations or online reviews. Your initial consultation will be important for you to affirm your choice of lawyer and for your attorney to review your case. In order to provide your Read more . . .

Monday, January 20, 2020

Understanding Bankruptcy Through Statistics

How many people file for bankruptcy each year?

If you are considering filing for bankruptcy this year, you are far from alone. At any given moment, millions of Americans are struggling under oppressive debt. Statistics show that about 800,000 people will file for bankruptcy each year. Bankruptcy is quite common, with many now wealthy Americans having gone through the bankruptcy process at some point in their lives. To better understand bankruptcy trends throughout the years, our Read more . . .

Thursday, January 16, 2020

Rebuilding Your Credit After Chapter 7 Bankruptcy

Will I be able to buy a home again after declaring bankruptcy?

Many potential bankruptcy filers are understandably concerned about how filing for bankruptcy may affect their credit. There is a common misconception that declaring bankruptcy will tank your credit score for decades to come. In reality, while a Chapter 7 bankruptcy will impact your credit score, there are steps you can take to rebuild your credit soon after bankruptcy.
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Thursday, December 19, 2019

Can You File Bankruptcy on Medical Bills in Ohio?

Medical care in the U.S. is extremely expensive. In order to go through necessary treatments for injuries, cancer, and other health problems, many are burdened with medical bills they are unable to pay back. All too quickly the medical bills will be sent to a third-party collection agency and that is when the phone calls begin.
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Monday, December 16, 2019

What Assets Are Exempt in Bankruptcy?

Filing for bankruptcy does not mean you will lose all of your possessions to your creditors. Exempt property cannot be repossessed or liquidated by your creditors to fulfill outstanding debt obligations. Bankruptcy exemptions allow you to shield certain property from your creditors. With Read more . . .

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Miami Valley Bankruptcy, Brian Lusardi, Esq., assists clients with Bankruptcy matters including but not limited to: Common Myths, Cost of Bankruptcy, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, The New Bankruptcy Law and Personal Bankruptcy in Xenia, Ohio, and the cities of: Wilberforce, Alpha, Spring Valley, Dayton, Bellbrook, Yellow Springs, Cedarville, Fairborn and Clifton; and the counties of Greene and Montgomery.

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