Dayton Ohio Bankruptcy Lawyer - Chapter 7 & 13
Bankruptcy Services and Help in Dayton Ohio
Are you struggling with your bills in this bad economy? Lost your Job? Are creditors harassing you day and night and you don't know what to do? You should contact a bankruptcy lawyer in Ohio today. The current economic crisis has dramatically affected the lives of so many financially responsible individuals and families. For many, the best way to get a fresh start is through personal bankruptcy filing. Individuals have two options, based on their situation:
- Chapter 7 bankruptcy: If you have little or no assets, a Chapter 7 filing eliminates much of your debt while allowing you to keep many of your possessions.
- Chapter 13 bankruptcy: If you are earning an income and meet specific requirements, a Chapter 13 filing allows you to retain the most assets possible by setting up repayment plans.
The bankruptcy lawyers in Dayton Ohio can possibly assist clients in Montgomery County, Franklin County, Greene County, and all of Ohio. If you qualify, bankruptcy is one way to free yourself from debts and bills that can't afford to pay. You will need to make a petition at the court to declare your incapacity to pay off your outstanding debts. This can be a complicated process and you might want to seek the help from a bankruptcy attorney in Dayton Ohio via the Quickjd.com Legal Portal. Below is a brief summary of what you will need to do to file bankruptcy.
To begin the bankruptcy process in Ohio you must itemize:
- Your current income sources
- Major financial transactions for the last two years
- Monthly living expenses
- Debts (secured and unsecured)
- Property (all assets and possessions, not just real estate)
You should also collect you're:
- Tax returns for the last two years
- Deeds to any real estate you own
- Car(s) titles
- Documents for any loans you may have
Under the 2005 Bankruptcy Act, your income and expenses will be analyzed to determine if you qualify to file a Chapter 7 or if you must file Chapter 13 by way of the means test.
Filing Bankruptcy in Ohio
Contact an Ohio bankruptcy attorney to help you file bankruptcy. After you have gathered all necessary information, the next step is to determine which property is exempt from seizure based on the Ohio exemptions. You or your attorney will then need to file a two-page petition and several other forms at your Ohio district bankruptcy court. These forms, or schedules, ask you to describe your current financial status and recent financial transactions usually from the past two years.
The cost for filing a Chapter 7 bankruptcy is $274. This fee may not be waived but you may be able to pay it in installments. The fee of $189 for a Chapter 13 bankruptcy cannot be waived. To learn more about Chapter 11 bankruptcy see our Ohio Chapter 11 page.
The non-business filings of bankruptcy for Ohio have been increasing.
Ohio Bankruptcy Statistics 2000 - 2005
2000 Bankruptcy Fillings
Total Business Fillings Non-Business Fillings Percent Consumer
54,184 1,471 52,713 97.29 %
2001 Bankruptcy Fillings
Total Business Fillings Non-Business Fillings Percent Consumer
71,086 1,794 69,292 97.47%
2002 Bankruptcy Fillings
Total Business Fillings Non-Business Fillings Percent Consumer
78,825 1,538 77,287 98.04%
2003 Bankruptcy Fillings
Total Business Fillings Non-Business Fillings Percent Consumer
89,771 1,426 88,345 98.41 %
2004 Bankruptcy Fillings
Total Business Fillings Non-Business Fillings Percent Consumer
89,848 1,432 88,416 98.41%
2005 Bankruptcy Fillings
Total Business Fillings Non-Business Fillings Percent Consumer
135,640 2,099 133,541 98.45%
