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Chapter 7

Wednesday, December 26, 2018

Filing for Bankruptcy Again


How often can I file for Chapter 7 bankruptcy?


At times, bankruptcy filers will find themselves back in a negative financial position.  Perhaps the initial Chapter 7 discharge did not resolve ongoing job issues, health problems, or spending habits, which allowed the filer to end up back in debt.  Regardless of what has brought you to consider bankruptcy the second time around, the good news is that many people can file for Chapter 7 or Chapter 13 bankruptcy again and receive the same beneficial discharge of their debts as they did the first time.  Bankruptcy laws do put time limits on how often you can file. Our Read more . . .


Friday, August 3, 2018

Tax Debt and Your Options

Can I eliminate my tax debts in a Chapter 7 bankruptcy?

Owing money to the IRS can be frightening. Tax debt is perhaps one of the most feared debt by consumers, but the good news is that you do have options when it comes to resolving tax debts. Tax debt includes any taxes owed to the IRS after the filing deadline has passed. Unpaid taxes may subject you to substantial penalties. Additionally, the IRS has far reaching power to collect on unpaid taxes, including wage garnishment and seizure of assets.


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Monday, July 23, 2018

Discovery Tours Bankruptcy Details Delayed Until Fall

Discovery Tours, a school tours company that filed for bankruptcy, had its hearing delayed until September 20, with the goal of providing court officials with more time to look through company records, including bank statements, credit card statements, PayPal accounts, and cash flow to and from the tour company to hotels, bus companies, and the owners of Discovery Tours.

Closure of Company, Limited Assets

The company, based out of Mayfield Village, Ohio has been in the business of educational tours for schools (to New York City, Chicago, the Henry Ford Museum outside of Detroit, Michigan, and Washington D.C.


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Tuesday, July 10, 2018

Don’t Delay in Filing for Bankruptcy


How might waiting to file for bankruptcy hurt my finances further?

Filing for bankruptcy is a big step, and often one that people avoid. While it may seem natural to put off filing for bankruptcy as long as possible, a new report from the Notre Dame Law Review reveals that waiting to file for bankruptcy can cost you. The report finds that the longer you avoid bankruptcy, when you are financially struggling, the greater your debt load will be. Our Read more . . .


Thursday, June 7, 2018

Is Filing for Personal Bankruptcy Public?

Are bankruptcies published in the newspaper?

One of the greatest concerns of many would be bankruptcy filers is that the bankruptcy will become public information. Few of us want the world to know of our financial troubles. While you may have heard that bankruptcies are public information, you may be surprised to know that finding information as to your bankruptcy is quite difficult for the general public. Our


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Friday, May 11, 2018

Filing for Bankruptcy as a Senior

Should I file for bankruptcy if I am over the age of 60 and overwhelmed by debt?

Many seniors today are facing financial struggles. As the cost of healthcare rises and pensions diminish, seniors often find themselves unable to pay massive medical bills, keep up with the mortgage, and continue to satisfy credit card bills. For some seniors overwhelmed by debt, bankruptcy may provide the relief they need. Our


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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 . . .


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.


Read more . . .


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.
Read more . . .


Friday, October 6, 2017

Bankruptcy and Your Credit Score

How long will a bankruptcy remain on my credit report?

One of the main concerns of potential bankruptcy filers is the impact that bankruptcy may have on your credit score.  There are numerous misconceptions about bankruptcy and credit reports.  Some people falsely believe that declaring bankruptcy will destroy your credit score for years to come.  The truth is that bankruptcy will undoubtedly affect your credit score, but there are ways to rebuild your credit post-bankruptcy.


Read more . . .


Monday, July 17, 2017

The Bankruptcy Means Test Explained


Am I eligible to file for Chapter 7 bankruptcy?

Bankruptcy can offer tremendous financial relief to some individuals who find themselves burdened by debt.  In order to be eligible to file for bankruptcy, you must meet a stringent means test to determine whether your income is low enough to qualify for Chapter 7.  While most potential filers have heard of the means test, few are familiar with its specific requirements.
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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