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 . . .

Sunday, November 19, 2017

Considering Bankruptcy? Read This

What debts will be eliminated in bankruptcy?

Bankruptcy can be a lifeline for individuals who find themselves overwhelmed by debt. Last year, over 800,000 people filed for bankruptcy in federal courts across the country. If you are considering filing for bankruptcy, there are several factors you should consider.

Read more . . .

Tuesday, October 17, 2017

A Look at the Tax Consequences of Filing for Bankruptcy

How might bankruptcy affect my taxes?

If you are considering filing for bankruptcy, it is important to weigh all of the potential advantages and consequences of filing, including the tax implications.  Bankruptcy will impact every aspect of your finances, and could affect your tax returns and filings.  Our Xenia, Ohio Miami Valley Bankruptcy attorneys discuss what you should expect when it comes to your taxes during and after a divorce.
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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 . . .

Friday, September 22, 2017

Managing Expenses During Your Chapter 13 Bankruptcy

Can I buy a car while in Chapter 13 repayment?

Chapter 13 bankruptcy can offer a way for Americans struggling with debt to obtain a fresh financial start.  In a Chapter 13 bankruptcy, you will commit to a repayment plan that will last between three and five years.  It will be imperative for you to develop a strict budget during repayment so that you can meet your financial obligations.  Even with the best of budgeting, however, unexpected needs will arise.  Those going through Chapter 13 may find themselves wondering whether they can purchase a new car, home, or other large item.
Read more . . .

Friday, August 11, 2017

Filing for Bankruptcy During Your Golden Years

What do I need to know if I am considering filing for bankruptcy while in retirement?

With the rocky American economy, an increasing number of seniors are reaching retirement age without enough savings to maintain a comfortable standard of living.  Burdened by debt and without a substantial income, seniors in Ohio and elsewhere across the nation may find themselves considering filing for bankruptcy.  Our Miami Valley bankruptcy lawyers discuss some facts you should know if you are a retiree who will potentially turn to bankruptcy.
Read more . . .

Monday, August 7, 2017

Bankruptcy vs Debt Settlement

Should I file for bankruptcy or try to settle my debts?

Most of us have debts.  The average American household today owes $6,662 in credit card debt, according to the Federal Reserve Report on the Economic Well-Being of U.S., and $106,132 in mortgage debt.  On top of these debts, many of us owe money on our cars and may have unpaid medical expenses.
Read more . . .

Tuesday, April 18, 2017

Debts That Cannot be Discharged in Chapter 7 Bankruptcy

What debts will not be discharged if I declare bankruptcy?

Chapter 7 bankruptcy can offer much needed relief from overwhelming and crushing debt for many Americans.  While declaring Chapter 7 bankruptcy could erase a tremendous amount of debt, there are certain debts that will not be discharged even after bankruptcy.  It is important that you have a full understanding of what Chapter 7 bankruptcy can and cannot do to reduce your debt.  Our Read more . . .

Saturday, April 15, 2017

Your Top Bankruptcy Questions Answered

Is Chapter 7 bankruptcy right for me?

If you are considering filing for bankruptcy, you likely have many questions.  Electing to file for Chapter 7 or Chapter 13 bankruptcy is a big decision that could considerably impact your life.  It is important that you have all the facts so that you do not fall prey to the host of misconceptions that exist surrounding bankruptcy.  We answer some of your most frequently asked questions about bankruptcy below.  Take a look at our list of Read more . . .

Wednesday, March 15, 2017

Understanding the Bankruptcy Means Test

Do I qualify to file for Chapter 7 bankruptcy?

Chapter 7 bankruptcy can provide a lifeline for Americans struggling with overwhelming debt. However, in order to seek some of the relief that a Chapter 7 bankruptcy can offer, you must meet a stringent “means test.”  The means test is designed to identify which bankruptcy filers are truly unable to repay their debts.  Anyone considering the possibility of filing for Chapter 7 should consult with an Read more . . .

Saturday, March 11, 2017

Bankruptcy Exemptions in Ohio

What property can I keep in a Chapter 7 bankruptcy?

Millions of Americans will elect to pursue a Chapter 7 bankruptcy in the coming year in order to free themselves from crushing debt.  The good news for potential Chapter 7 filers is that some or all of your property may be protected from liquidation during bankruptcy under Ohio’s exemption laws.    Exemptions allow you to shield certain property from your creditors, such as your personal home and car.  Our 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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