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Monday, April 30, 2018

Ohio Bankruptcy Exemptions

When filing for Chapter 7 bankruptcy in Ohio, exemptions will allow you to protect some of your property from creditors. When filing for...


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Friday, April 6, 2018

How Common Are Medical Bankruptcies?

You have likely heard the common statistic that half of all bankruptcies are caused by medical bills.  Given the high costs of healthcare, it is easy to believe that medical bills are a top cause of bankruptcy.  A new study, however, suggests that just a small fraction of bankruptcies are actually caused by medical debt.


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Wednesday, March 21, 2018

What is a Bankruptcy Dismissal?


Although seeking bankruptcy protection can allow you to organize your finances and make a fresh start, you must adhere to the certain rules and procedures under the bankruptcy laws. By failing to do so, the case will be dismissed and creditors will be able to pursue legal claims against you. This is why it is crucial to have the advice and guidance of an adept bankruptcy attorney.
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Wednesday, March 14, 2018

Bankruptcy May Soon Help Student Loan Borrowers


Can I discharge my student loans in a Chapter 7 bankruptcy?

Americans today are heavily burdened by student loan debt.  Cumulatively, Americans owe more than $1.48 trillion in student loan debt with over 44 million borrowers, according to federal government statistics.  At least 11 percent of borrowers are currently delinquent and borrowers repay on average a whopping $351 per month to stay current on their student loan debts.  Under federal bankruptcy laws, few student loan borrowers can find relief by Read more . . .


Monday, February 12, 2018

Calculating Your Chapter 13 Repayment Plan

How much will I pay each month under my Chapter 13 repayment plan?

Chapter 13 bankruptcy, commonly referred to as the “reorganization chapter,” allows individuals with a more substantial income to file for bankruptcy in order to repay their debts.  Chapter 13 bankruptcy has the advantage of allowing filers to keep their home and car, while still paying off their debts over a period of three to five years.  One of the first concerns of many potential Chapter 13 filers is how much they will pay monthly during the repayment period.


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Tuesday, February 6, 2018

In Focus: The Bankruptcy Means Test

Can I still file for bankruptcy if my income exceeds Ohio’s median income level?

Chapter 7 bankruptcy can be a powerful tool to erase your burdensome debt.  To file for Chapter 7 bankruptcy, you will need to qualify under the Chapter 7 “means test.” The two-part means test is a critical component to any bankruptcy filing.


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Thursday, January 25, 2018

Keeping Your Car Through Bankruptcy

Will I be forced to sell my car if I declare Chapter 7 bankruptcy?

You likely rely on your car for transportation on a daily basis.  If you are considering filing for bankruptcy, one of your main concerns may be whether you will be able to keep your vehicle after bankruptcy.  The future of your car will depend on several factors, including whether you owe money on the car and whether you can afford to keep it.


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Tuesday, January 23, 2018

Preparing for Your Bankruptcy Lawyer Consultation


What should I bring with me to my bankruptcy consultation?

If you are considering filing for bankruptcy, one of the first steps you should take is meeting with a bankruptcy attorney in your area to find out whether bankruptcy is the best option for you.  Your initial consultation will allow you to meet your potential new bankruptcy lawyer and ask some of the many questions you may have.  It is important that you enter your initial consultation armed with some critical information and documents so that you can make the most out of the meeting.
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Friday, December 15, 2017

Filing for Bankruptcy Multiple Times


Can I file for Chapter 7 bankruptcy more than once?

Each year, over 800,000 people file for bankruptcy in federal court.  Bankruptcy serves as an important vehicle for consumers and businesses to be able to reduce or eliminate their debt so as to start anew financially.  At times, bankruptcy filers will find that they need to file for bankruptcy a second time.
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Sunday, December 10, 2017

Bankruptcy and Medical Debts


Will my medical debts be eliminated in Chapter 7 bankruptcy?

With ever rising healthcare costs, medical expenses have become a major cause of debt for many Americans. According to at least one study by NerdWallet Health, which analyzed data from the U.S. Census, Centers for Disease Control, and federal courts, health care is now the number one cause of bankruptcy filings.


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Wednesday, November 22, 2017

From Bankruptcy to Millionaire


Can I find success after declaring bankruptcy?

You may be surprised to learn that some of the wealthiest, most successful people of our era have declared bankruptcy at some point in their lives.  Bankruptcy should never be viewed as failure; rather, it should be thought of as a means to a fresh financial start.  Our Beavercreek, Ohio Chapter 7 bankruptcy lawyers take a look at some famous individuals who went from bankruptcy to millionaires.
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Bankruptcy Law News
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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