Have you been wondering if you can keep your car in Ohio and file bankruptcy? In a chapter 13 case it is not an issue. When you file bankruptcy the real question is, “do you even want to keep it?” In a previous post I addressed the reasons you might not want to keep your…
Do you know you can keep your 401k and file bankruptcy? Yes, all of it. The first post I did for this site cautioned against using your it as an ATM. Recently the news reported that record numbers of middle income families had tapped retirement funds for emergencies. Think about having a 401k retirement nest…
A common concern of everyone is, Can I file bankruptcy and keep the house? This is precisely the main question a new client had when he came in for his consultation this week. Talking to him, I realized that although I beat around the bush in various posts on ohiobankruptcysource.com, I never really answer this…
There are 10 Ohio bankruptcy exemptions you need to know about. Exactly what are exemptions? This is a term you need to understand to fully know what you will hear from your bankruptcy attorney. Exemptions in bankruptcy law are the same as in tax law. When you do your taxes exempt income is what you…
Are debts left off included in my Bankruptcy? Clients frequently call me sometime after they file for bankruptcy concerned that they left off a bill or two. Bankruptcy is an incredibly paper intensive proceeding. When you first plan to become a client you are instructed on what to bring to my office to prepare your…
You received your W-2’s. You filed your taxes. You have a big tax refund coming. This year you are tired of using the whole thing to pay bills. Chapter 7 Bankruptcy is a serious option. You want to keep your refund. You worked hard, you earned it. Why should you have to give it away? …
Have you thought of cashing out your 401k instead of filing bankruptcy? The plan says you can always take a loan, or get the money if it is a hardship. If stopping the bill collectors isn’t a hardship, what is? Need breathing room, don’t you? Put your foot on the brake! Your 401k is not an…