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To Sue Or Not To Sue?
People litigate cases for many reasons. Before litigants invest money, time, and effort on a lawsuit, they should understand how their claim translates into dollar figures. While some claims translate easily into dollar figures, others do not. For instance, the damage to a piece of property may involve a simple determination of the money needed to repair the property. On the other hand, ... more?

Ohio Three-Step Plan To Stopping Bullying
Since Columbine, bullying has received national attention. Bullying takes place everyday in schools throughout the country. Learning that their children are being bullied can devastate parents. Feelings of bewilderment, fright, sadness, guilt, anger, and helplessness result. While parents must deal with these feelings, they must also ... more?

FAQs

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Bankruptcy Lawyers & Litigation in Ohio

The QuickJd.com Ohio Legal Portal bankruptcy lawyers can guide clients through legal process of filing bankruptcy in Ohio. If you are an individual or business with serious debt problems, then bankruptcy litigation in Ohio could allow you to discharge debt or pay back creditors over time.

File Bankruptcy in Ohio

Filing for bankruptcy in Ohio is rather complicated. Bankruptcy law in Ohio combines federal and state statutes. For example, in a Chapter 7 claim, debtors can choose between the federal and Ohio lists of exemptions for properties such as your house. Learn more about Ohio bankruptcy services available via the QuickJd.com Legal Portal. Our featured Ohio bankruptcy attorneys can help you file a bankruptcy in Ohio that is in your best interests.

Addressing your financial situation

Whether you are a business or individual, the first step for bankruptcy litigation in Ohio entails a thorough assessment of your financial situation. Depending on your level of debt and your current and projected income, Our featured Ohio bankruptcy lawyers will advise you about which type of bankruptcy to file. For most businesses and individuals, there are two choices:

  • Discharge debt and liquidate non-exempt assets (Chapter 7)
  • Formulate a repayment schedule (Chapter 11 for businesses and Chapter 13 for individuals)

Ohio Bankruptcy Laws - Establishing Eligibility

In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which enforced stricter criteria for qualifying for Chapter 7 liquidation. Under the new rules, an individual has to pass a “means test”, which judges an individual’s income against the state median income. If your income is greater, you may not be eligible and could have to pursue Chapter 13 instead.

If you are unsure about if you qualify for Chapter 7, contact the QuickJd.com Legal Portal about filing bankruptcy in Ohio.

How Ohio bankruptcy Law Works

In order to commence a bankruptcy, you must complete and submit a petition to a court. The petition contains detailed information about your financial situation and history:

  • A description of your real and personal properties
  • A list of claimed exemptions and their values
  • Names and contact information of creditors with claims against you
  • Date creditor claims were incurred, including amount claimed
  • Your current income and expenditures
  • Statement of intention to file a specific type of bankruptcy

Along with the petition, debtors are expected to pay filing fees. For Chapter 7, the amount is $299. If you are worried about not being able to pay this, our featured Ohio bankruptcy lawyers can help you explore the possibility of a fee waiver.

In addition, as part of the BAPCPA, debtors are must enroll in credit counseling within 180 days prior to filing bankruptcy.

Here is some more helpful information on Bankruptcy:

Call 937 708-0557 to contact Ohio bankruptcy attorneys from the QuickJD.com Legal Portal.

 

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