Chapter 7

Are you feeling like you are in the midst of a personal financial crisis? Do you have more bills coming in than you do money to cover them? If so, Chapter 7 bankruptcy may provide you with the financial relief you need. Filing Chapter 7 bankruptcy results in the discharge of a wide range of debts. This is different from Chapter 13 bankruptcy where the end result is being put on a payment plan to help manage your debts.
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One of the most commonly asked questions relating to bankruptcy is, how much does it cost? This is understandable given that those seeking bankruptcy are in difficult financial situations and are turning to bankruptcy for some relief. Here, we will discuss the expenses associated with filing for Chapter 7 bankruptcy in Ohio.

How Much Does it Cost to File Chapter 7 Bankruptcy in Ohio?

There are several fees associated with filing Chapter 7 bankruptcy in Ohio that you should be aware of.
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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 . . .

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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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 . . .

Will I Lose My Home If I File for Chapter 7 Bankruptcy?

For most of us, our home is one of our most treasured assets. In addition to being of monetary value, your home is your castle. It is the place you make your memories, rest your head, and store your most important items. If you are considering filing for bankruptcy, one of your first concerns may be what will happen to your home. In a Chapter 7 bankruptcy, there are several factors that will influence whether you get to keep your home.
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Can I eliminate my student loan debt by filing for Chapter 7 bankruptcy?

Students today emerge from school more burdened by loan debt than ever before.  The most recent statistics released by LendingTree reveal that nearly 70 percent of all college students have student loans, averaging close to $33,000.  Americans currently owe more than $1.56 trillion in student debt and 25 percent of the 44.7 million borrowers are in default on their loans.
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Can I still file for Chapter 7 if I make over the income limit?

If you are struggling with oppressive debt, it may be time to consider filing for bankruptcy.  Bankruptcy can offer a means for those burdened by debt to erase their debt or reorganize it so that they can start living and enjoying life again.  Those considering filing for bankruptcy will first need to consider which type of bankruptcy they qualify for and what will best suit their needs.  For individuals, Read more . . .

You realize that you are in bad financial “shape,” so you decide to file for Chapter 7 Bankruptcy. So on top of everything can your car loan lender repossess your car or try to collect debt? It depends.

Debtors Protected by Automatic Stay

When you file for Chapter 7 bankruptcy, an order is automatically created, known as an automatic stay. An automatic stay means that it is unlawful for most creditors to continue to collect from you – or even call you. This means that your car loan lender will not be able to collect any debt from you and is unable to repossess your car without first receiving permission from the court.

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Will I need to sell my car if I file for Chapter 7 bankruptcy?

Chapter 7 bankruptcy can offer a lifeline for individuals struggling with burdensome debt.  One of the main concerns of potential bankruptcy filers, however, is that they will lose some or all of their assets.  Chapter 7 does have strict requirements for filing and could require the sale of some of your property.  Fortunately, exemptions do exist that may allow you to keep some items.  Our

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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 . . .