Wednesday, July 8, 2020

Should You File for Bankruptcy Before or After Divorce?

Financial stress is one of the most commonly cited catalysts for divorce. Because of this, there are likely plenty of couples out there that are both simultaneously considering divorce and bankruptcy. If you find yourself in this position, you may be wondering whether it is best to file for bankruptcy before or after divorce.

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Monday, June 29, 2020

How Many Times Can You File for Bankruptcy in Ohio?

Bankruptcy can provide much-needed relief to those who find themselves in a financial struggle. Post-bankruptcy can feel like a fresh start for a brighter financial future. What happens, however, if you find yourself in financial struggle once again? Life can get complicated and expensive.

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Thursday, June 25, 2020

Did Coronavirus Destroy Your Business? Bankruptcy Might Be the Answer

Can I erase my business debts with bankruptcy?

The coronavirus pandemic has proved devastating for businesses in many industries. Restaurants and retail stores found themselves forced to shutter their doors or offer curbside service only for months, and even now most businesses are struggling to get back to normal sales. An April survey conducted by the National Federation of Independent Business found that almost half of all businesses could be in danger of failing, with that number increasing from six in ten businesses should the pandemic last until Labor Day. With so much uncertainty surrounding the future and the ongoing spread of the virus, the reality is that many businesses simply will not survive the pandemic. If you are a small business that is failing, you may be wondering what your options are should your business close.
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Sunday, May 31, 2020

Do I Qualify for Chapter 7 Bankruptcy?

There are two primary types of consumer bankruptcy filings: Chapter 7 and Chapter 13. Chapter 13 bankruptcy is referred to as a reorganization bankruptcy as it really is a way to restructure debts in a way where the debtor can comply with a monthly payment plan. Read more . . .

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 . . .

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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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